Schawk Slips into Net Loss for Second Quarter
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The company reported an operating loss of $1.1 million in the second quarter of 2012, compared to operating income of $7.0 million in the 2011 period. The decline in income year over year was driven primarily by the decline in gross profit and increased expenses for business and systems integration, acquisition integration and restructuring and SG&A. Partially offsetting these expense increases was a reduction in multiemployer pension withdrawal expense.
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