Standard Register's Results Hampered by Financial Services Client

Non-GAAP adjusted net income from operations for the full year 2012 was $12.2 million or $0.42 per share compared to non-GAAP adjusted net income of $7.7 million or $0.26 per share for the prior year.

“Operational performance continues to improve, which is an indicator that customers are seeing the value of our transition from a traditional printing company to a provider of communications and marketing solutions across multiple delivery channels,” said Joseph P. Morgan, Jr., president and CEO. “The restructuring plan that we introduced in January 2012 has resulted in improvements in efficiency as well as helping us align our cost structure with our resources. We are building a sustainable enterprise based on our recognized expertise in managing workflow and our platform of marketing, communications and program management for business and healthcare.”