Banta Corp. reported third quarter net earnings of $19.1 million, up from $16 million in third quarter 2003. Third quarter 2003 included restructuring charges that cut the Menasha, WI-based company’s net income from $17.1 million to $16 million.
The company’s revenue jumped from $352 million a year ago to $380 million. The quarter ended Oct. 2.
“Volume increased for both our print and supply-chain management businesses, said Stephanie A. Streeter, Banta’s chairman and CEO, in a statement. “In our print sector, momentum in direct marketing remains strong, our catalog turnaround efforts delivered significantly improved results, our publications division maintained its strong performance and our book division reported higher revenue despite pricing challenges. Our supply-chain management sector recorded another exceptional quarter, benefiting from productivity gains and strong volume from both existing and new customers.”
