Schawk Sees Growth Overseas, but Reduced Activity in the Americas

Entertainment accounts sales of $27.9 million, or 6.1 percent of total sales, decreased 4.1 percent, from $29.1 million in 2010, driven by continued declines in print-related promotional activity.

The company’s gross profit was $163 million during 2011, a decline of $15.5 million from 2010. The full-year decline in gross profit percent was largely driven by the reduced operating leverage resulting from lower year-over-year revenue coupled with an increase in cost of sales resulting from the company’s acquisitions.