Operating income was $16.5 million for the three months ended Sept. 28, 2013, compared to $32.3 million for the same period last year. Non-GAAP operating income was $28.8 million for the three months ended Sept. 28, 2013, compared to $39.6 million for the same period last year. Operating income was $45.0 million for the nine months ended Sept. 28, 2013, compared to $69.5 million for the same period last year. Non-GAAP operating income was $69.5 million for the nine months ended Sept. 28, 2013, compared to $101.5 million for the same period last year. The decrease in operating income in both periods was primarily due to lower average selling prices and higher input costs within our envelope and commercial printing operations, and acquisition costs related to National Envelope.
- People:
- Robert G. Burton
- Places:
- Stamford, Conn.