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Standard%20Register,<%2Fa><%2Fstrong>%20a%20leader%20in%20the%20management%20and%20execution%20of%20mission-critical%20communications,%20announced%20its%20financial%20results%20for%20the%20second%20quarter%20and%20first%20half%20of%202012.%20The%20company%20reported%20quarterly%20revenue%20of $155.1%20million and%20a%20net%20loss%20of $1.1%20million or $0.04 per%20share.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.goprintandpromo.com%2Farticle%2Fstandard-register-announces-6-percent-revenue-decline-q2%2F" target="_blank" class="email" data-post-id="3262" type="icon_link">
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Business Solutions revenues declined 4 percent to $200.9 million from $209.5 million in the first half of the prior year. Operating Income increased by 18 percent to $3.3 million from $2.8 million driven by increases in core solutions and savings initiatives. The growth was somewhat offset by declines in legacy product sales. As previously announced, the loss of a portion of business from a large financial services customer due to the customer’s restructuring is expected to total $18 to $20 million in 2012. The transition of the customer is proceeding slower than anticipated with a decrease in sales in the first half of 2012 of $5.7 million.
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