Standard Register Reports Increased Profits, Stabilized Revenue
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Net income for the quarter was $1.4 million, compared with a loss of $5.5 million for the prior year quarter. Adjusting for pension loss amortization, pension settlement losses and restructuring and impairment charges, non-GAAP adjusted net income was $4.2 million, or $0.15 per share for the third quarter of 2010, compared with non-GAAP adjusted net income of $3.4 million, or $0.11 per share for the prior year quarter.
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