Menasha, WI-based Banta Corp. posted sales of $352 million for the third quarter ended Sept. 27, equal to sales during the same period last year.
Net earnings for the three-month period were $16.0 million compared with 2002’s $19.5 million.
For the nine months ended Sept. 27, consolidated sales for the corporation were $1.02 billion, comparable to the same period last year. Net earnings were $34.5 million compared with the prior year’s $43.4 million ($1.70 per diluted share). Special charges recorded during the first nine months of 2003 totaled $13.1 million pretax.
Print sector sales of $244 million for the third quarter were 9 percent below the $267 million reported during the same period last year. A continued weakness in direct marketing activity, lower available capacity in the consumer catalog division, decreased educational product volume and reduced paper sales were cited as having an impact by the company.
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