Visant Posts Smaller Net Loss on Flat Sales

Our Memory Book segment reported adjusted EBITDA of $161.1 million, a decrease of $4.6 million, or 3 percent, compared to $165.7 million for the prior year comparative period. This decrease was primarily due to lower volume.

The Marketing and Publishing Services segment reported adjusted EBITDA of $68.3 million, a decrease of $8.3 million, or 11 percent, compared to $76.6 million for the prior year comparative period. This decrease was primarily due to lower volume in our publishing services operations.