Schawk Reports Net Loss Due to Challenging Americas Market
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The company reported an operating loss of $1.5 million in the third quarter of 2012 compared to operating income of $8.2 million in the 2011 period. The decline in income year over year was driven primarily by lower gross profit and higher expenses associated with the non-cash impairment of long-lived assets, business and systems integration, acquisition integration and restructuring and SG&A.
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