Visant Posts a Larger Net Loss for Latest Quarter on Lower Net Sales

The Marketing and Publishing Services segment reported Adjusted EBITDA of $63.5 million, a decrease of $4.7 million, or 7 percent, compared to $68.3 million for the prior year comparative period. This decrease was primarily due to lower volume in our publishing services and significantly lower volume in our direct mail operations partially offset by higher volume in our sampling business.