Shared and solo direct mail service provider Advo Inc., Windsor, CT, had first-quarter revenue of $274.2 million, an increase of $5.6 million, or 2.1%, versus the prior year period. Net income during the quarter was $11.9 million, up from $10.2 million.While total revenue was up 2.1%, the company's core shared mail revenue rose 0.8% versus the prior year, representing a return to positive growth in
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Shared and solo direct mail service provider Advo Inc., Windsor, CT, had first-quarter revenue of $274.2 million, an increase of $5.6 million, or 2.1%, versus the prior year period. Net income during the quarter was $11.9 million, up from $10.2 million.
While total revenue was up 2.1%, the company's core shared mail revenue rose 0.8% versus the prior year, representing a return to positive growth in shared mail for the first time in three quarters. First quarter packages distributed were 738.1 million, down 0.1% versus the prior year period. Revenue per thousand pieces was $39.25, up 3%, and pieces per package were 8.68, down 2%.
