The company generated net sales of $442.8 million for the three months ended Sept. 28, 2013, compared to $437.2 million for the same period last year, an increase of 1.3 percent. The increase in net sales is attributable to higher sales volumes in our direct envelope business due to our market share initiatives as well as National Envelope's sales for the stub period post acquisition. These increases were offset substantially by sales declines in our commercial print operations due to lower customer demand and continued pricing pressures. The company generated net sales of $1.27 billion in the nine months ended Sept. 28, 2013 versus $1.30 billion in the nine months ended Sept. 29, 2012. This decrease primarily relates to our commercial printing operations due to lower customer demand and continued pricing pressures, partially offset by an increase in sales from the company's envelope operations due to its market share initiatives and higher direct mail volumes as well as National Envelope's sales for the stub period post acquisition.
- People:
- Robert G. Burton
- Places:
- Stamford, Conn.