Banta Corp., Menasha, WI, had 1999 sales of $1.28 billion, slightly lower than the previous year’s $1.34 billion, while net income for the year fell from $52.9 million to $16 million. The drop in net income was partly attributable to a $55 million pretax restructuring charge taken in the second quarter.
For the fourth quarter, the company had sales of $338 million versus last year’s $345 million. Its net income rose from $12.3 million to $15.5 million.
The company reported improved performance at its direct marketing and consumer catalog groups, with double-digit earnings gains year-over-year in direct marketing.
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