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Article: Vestcom Reports Strong EBITDA and Net Income Growth in First Quarter 2002.
- Article from:
- Business Wire
- Article date:
- May 9, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
WEST CALDWELL, N.J.--(BUSINESS WIRE)--May 9, 2002
Vestcom International, Inc. (NASDAQ:VESC), a leading provider of business communications solutions and marketing services, today reported operating results for the three months ended March 31, 2002.
Vestcom's revenues for the first quarter of 2002 increased to $41.6 million, compared to $40.1 million in the first quarter of 2001. In January 2002, Vestcom adopted EITF 01-14, which requires that reimbursements received for "out-of-pocket" expenses be characterized as revenue. As a result of the required adoption, both revenues and expenses were increased by approximately $2.4 ...