Von Hoffmann Corp. Announces Improved First Quarter Results
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In spite of challenging market conditions across all segments of the print industry, the Company increased net sales with significant growth in both the supplementary education and four-color non-education markets. Net sales levels were supported further by stable performance in our four-color elementary and college markets. The substantial EBITDA improvement in 2003 resulted from the increased sales volume and was strengthened further by operating cost reduction initiatives throughout the organization. The Company's net loss position improved during the quarter as a result of the above factors as well as reduced depreciation expense of $4.0 million as a significant level of assets became fully depreciated in the third quarter of 2002 .
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- Places:
- St. Louis, Missouri
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