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

For the nine-month period ended September 28, 2013, the Scholastic segment reported Adjusted EBITDA of $55.8 million, an increase of $4.5 million, compared to $51.3 million for the prior year comparative period. This increase was primarily due to lower overall costs, including lower selling and administrative expenses, material costs and pension expense.