Financial Printing Outlook -- Clawing Their Way Back
December 2002
|
By Caroline Miller
It has been a tough year for the financial printing industry. The economy was already shaky when the September 11, 2001, terrorist attacks hit the World Trade Towers—America's financial epicenter. Investment banking, securities law and financial services are in shambles. Even so, most hoped to see that much needed and much talked about recovery in 2002. But, instead, the year has been mired in corporate accounting scandals, a never-ending bear market, the threat of war and the virtual standstill for M&A deals and IPOs.
As a result, financial printers have had to reduce their work forces, streamline their operations and look outside for sources of revenue.
It has been a tough year for the financial printing industry. The economy was already shaky when the September 11, 2001, terrorist attacks hit the World Trade Towers—America's financial epicenter. Investment banking, securities law and financial services are in shambles. Even so, most hoped to see that much needed and much talked about recovery in 2002. But, instead, the year has been mired in corporate accounting scandals, a never-ending bear market, the threat of war and the virtual standstill for M&A deals and IPOs.
As a result, financial printers have had to reduce their work forces, streamline their operations and look outside for sources of revenue.
| Top 10 -- Financial Printers | ||||||
| | Company | Segment Sales (millions) | Total Sales (millions) | |||
| 1 | Bowne & Co. New York | $717 | $1,055 | |||
| 2 | R.R. Donnelley Chicago | $476 | $5,298 | |||
| 3 | Merrill Corp. Saint Paul, MN | $241 | $602 | |||
| 4 | Ennis Business Forms DeSoto, TX | $49 | $236 | |||
| 5 | Burrups Packard Philadelphia | $25 | $50 | |||
 |
|
|
COMMENTS
Click here to leave a comment...
Most Recent Comments:
Click here to view archived comments...
Archived Comments:
