Valassis posted net income of $13 million for the first quarter, as compared with $10.9 million in the prior year.
Management attributed these results in part to tax gains and cost-cutting moves.
The Livonia, MI firm reported revenue of $551.2 million for the quarter ended March 31, a 7.7% decrease from $597.1 million last year.
The firm posted revenue from free-standing inserts of $93.6 million for the quarter, a 5.1% decrease from $98.2 million last year.
Valassis attributed this to
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