Visant Announces Q3 Results, Reports Consolidated Net Loss of $27 Million

Our Memory Book segment reported Adjusted EBITDA of $143.3 million for the nine-month period ended September 28, 2013, a decrease of $4.0 million, compared to $147.3 million for the nine-month period ended September 29, 2012. This decrease was primarily due to lower volume partially offset by lower overall costs as a result of cost saving initiatives and lower pension expense.