Schawk Sees Growth Overseas, but Reduced Activity in the Americas

Schawk reported operating income of $27.3 million in 2011 compared to $49.6 million in 2010. The decline year over year was driven primarily by the decline in gross profit and increased business and systems integration expenses coupled with the increased multiemployer pension withdrawal expense.

Net income in 2011 was $20.6 million, compared to $32.4 million in 2010. Non-GAAP adjusted net income was $20.6 million for 2011, compared to $31.1 million on a comparable basis for the prior-year period. Please refer to the tables at the end of this press release for a reconciliation of these non-GAAP measures.