Valassis Reports Healthy Growth in Revenues, Earnings
International, Digital Media & Services (IDMS): Revenues for the third quarter of 2010 were $43.1 million, an increase of 7.8 percent compared to the prior year quarter. Coupon clearing volume continues to be the primary driver of revenues for this segment. The increase in revenues for the third quarter was due primarily to growth in our In-Store and Digital businesses. Segment profit for the quarter was $4.5 million, a decrease of 34.8 percent compared to the prior year quarter due primarily to reduced volume in our European business and the continued investment in the Digital business.
Valassis is one of the nation's leading media and marketing services companies, offering unparalleled reach and scale to more than 15,000 advertisers. Its RedPlum media portfolio delivers value on a weekly basis to over 100 million shoppers across a multi-media platform - in-home, in-store and in-motion. Through its interactive offering - redplum.com - consumers will find compelling national and local deals online.
Headquartered in Livonia, MI, with approximately 7,000 associates in 28 states and eight countries, Valassis is widely recognized for its associate and corporate citizenship programs, including its America's Looking for Its Missing Children program. Valassis companies include Valassis Direct Mail, Inc., Valassis Canada, Promotion Watch, Valassis Relationship Marketing Systems, LLC and NCH Marketing Services, Inc. For more information, visit www.valassis.com or www.redplum.com.
Source: Financial release.