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Outlook Group Reports Increased Sales in Q4

Monday, July 17, 2006

Press release from the issuing company

NEENAH, Wis.--July 14, 2006-- Outlook Group Corp. today reported results for the fourth quarter and fiscal year ended May 31, 2006. Fourth Quarter Fiscal 2006 Highlights * Net sales for the fourth quarter of fiscal 2006 were $22,510,000, a 3.4% increase from sales of $21,761,000 for the same period in the prior year. * Net earnings were $388,000 or $0.11 per diluted share for the fourth quarter of fiscal 2006, compared to earnings of $676,000 or $0.20 per diluted share for the comparable prior period. * Net earnings for the fourth quarter of fiscal 2006 include expenses of $345,000 or $0.10 per diluted share related to the proposed acquisition of Outlook Group by Vista Group Holdings LLC. Most of the acquisition-related expenses are non-deductible for tax purposes. Full Year Fiscal 2006 Highlights * Net sales for fiscal 2006 were $85,936,000, a 13.7% increase from sales of $75,589,000 for fiscal 2005. * Net earnings were $2,248,000 or $0.65 per diluted share for fiscal 2006, compared to earnings of $3,227,000 or $0.94 per diluted share for the prior fiscal year. * The fiscal 2005 earnings included after-tax recovery of a prior period bad debt of $722,000 or $0.21 per diluted share. * The fiscal 2006 earnings include expenses of $509,000 or $0.15 per diluted share related to the proposed acquisition of Outlook Group by Vista Group Holdings LLC. A special meeting of Outlook Group shareholders to vote on the proposed acquisition will be held on July 19, 2006. Subject to the shareholder vote, Vista financing and other closing conditions, Outlook Group expects that the transaction will close in July.

 

 

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