GPO Achieves Seventh Consecutive Year of Positive Results
WASHINGTON, DC—Nov. 17, 2010—The U.S. Government Printing Office (GPO) is reporting a seventh consecutive year of net operating income for its fiscal year 2010 results. The unaudited financials show GPO completed the year with a net operating income of $7.9 million on total revenues of $928 million, excluding “Other Operating Income” of $290,000 for an adjustment to GPO's long-term workers' compensation liability.
“As GPO begins to celebrate our 150th anniversary, I am proud to announce we have completed a seventh consecutive year of positive results due to the hard work and dedication of our employees,” said Public Printer Bob Tapella. “GPO has re-engineered itself many times since 1861 to remain relevant and viable for the future. It is through the efforts of our family of employees that GPO has transformed itself into a 21st century printing, digital media and secure credentialing facility.”
About the GPO
The GPO is the federal government's primary centralized resource for gathering, cataloging, producing, providing, authenticating, and preserving published U.S. government information in all its forms. GPO is responsible for the production and distribution of information products and services for all three branches of the federal government. In addition to publication sales, GPO makes government information available at no cost to the public through GPO's Federal Digital System (www.fdsys.gov) and through partnerships with approximately 1,220 libraries nationwide participating in the Federal Depository Library Program. For more information, please visit www.gpo.gov. Follow GPO on Twitter www.twitter.com/USGPO and on YouTube www.youtube.com/user/gpoprinter.
Source: Press release.