Schawk Reports Net Loss Due to Challenging Americas Market

On a non-GAAP basis, adjusting for financial impacts relating to the non-cash impairment expenses, business and system integration expense and other items, adjusted net income was $3.1 million, compared to $5.6 million during the prior-year period.

CEO David A. Schawk, commented, “During the third quarter, we saw measured growth with our largest client channel, consumer packaged goods, offset by continued declines in promotional activity with our retail and advertising and entertainment clients. Our growth in Europe and Asia Pacific continued to positively reflect the impact of emerging markets, investments made in expanding our capabilities, and our clients’ desire to consolidate their spending with fewer vendors.