World Color Press Reports Revenue and Earnings Decline in Second Quarter
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Second quarter net loss For the second quarter ended June 30, 2009, World Color reported a net loss of $59.5 million, compared to a net loss from continuing operations of $77.7 million for the same period in 2008. These results incorporated impairment of assets, restructuring and other charges (IAROC), net of income taxes, of $2.5 million compared with $7.5 million for the same period in 2008, as well as reorganization items of $33.7 million which, net of income taxes, compared to $24.2 million in the second quarter of 2008.
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