Visant Corp. Reports Dip in Net Sales and Income

Adjusted EBITDA for the Scholastic segment decreased $1.5 million, or 6 percent, to $25.9 million from $27.4 million for the fourth quarter of 2009. This decrease was primarily due to higher precious metal costs year-over-year and lower volume. The decrease was offset somewhat by higher prices.

Adjusted EBITDA for the Memory Book segment improved from a loss of $4.1 million for the fourth quarter of 2009 to a loss of $2.3 million for the fourth quarter of 2010. This improvement was primarily due to the impact of cost reduction initiatives and efficiencies.