Schawk Posts Record-High Net Income
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Schawk reported operating income of $49.6 million in 2010, compared to $35.8 million in 2009. The increase year over year was driven primarily by increases in gross profit and reduced SG&A expense partially offset by the non-recurring indemnity settlement income reported during 2009.
Net income in 2010 was $32.4 million, compared to $19.5 million in 2009. Non-GAAP Adjusted net income was $31.1 million for 2010, compared to $23.1 million on a comparable basis for the prior-year period.
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