Schawk Reports Losses for Q4, Full Year 2012

The company reported an operating loss of $30.7 million in 2012 compared to income of $27.3 million in 2011. The decline year over year was driven by lower gross profit coupled with increased expenses principally related to the multiemployer pension withdrawal, long-lived asset impairment, acquisition integration and restructuring and business and systems integration expenses. Non-GAAP adjusted operating income was $24.2 million for 2012 compared to $36.9 million in the prior-year period.