Von Hoffmann Announces Q3 Results: Sales of $108.1 Million
Press release from the issuing company
ST. LOUIS, Nov. 11 -- Von Hoffmann Corporation, a leading North American education and commercial printer, today announced results for the quarter ended September 30, 2002.
Net sales for the third quarter of 2002 were $108.1 million, representing a slight increase over prior year's quarter of $107.5 million. Net earnings for the third quarter of 2002 were $0.2 million compared to a loss of $1.8 million in the third quarter of 2001. Earnings before income taxes, depreciation and amortization (EBITDA), excluding a gain on debt extinguishment of subordinated exchange debenture of $3.4 million, were $15.2 million for the third quarter of 2002 compared to $19.0 million in the third quarter of 2001. The quarter's results reflect growth in the commercial and core education print operations fully offset by continuing weakness in the specialty print and service operations.
Von Hoffmann Corporation announced that it has filed its quarterly report for the quarter ended September 30, 2002 with the Securities and Exchange Commission. The report contains certifications from Robert S. Mathews, President and Chief Executive Officer and Gary C. Wetzel, Senior Vice President and Chief Financial Officer, that the periodic report fully complies with the Securities Exchange Act of 1934 and that the information contained in the report fairly presents, in all material respects, the financial condition and results of the company. The certifications are in accordance with the requirements of the Sarbanes-Oxley Act.
Von Hoffmann Corporation is a leading North American manufacturer of printed products for the educational and commercial markets. From design and prepress through manufacturing and distribution and fulfillment, Von Hoffmann is committed to offering its core customers in the instructional materials markets and in the commercial market sector a full range of products and services. Von Hoffmann is headquartered in St. Louis, Missouri.
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