Visant: Visant Corporation Announces 2014 Full Year And Fourth Quarter Results From Continuing Operations

ARMONK, N.Y., March 12, 2015 /PRNewswire/ -- VISANT CORPORATION today announced results from its continuing operations for the 2014 fiscal year ended January 3, 2015, including consolidated net sales from continuing operations of $831.8 million, compared to $854.0 million of net sales from continuing operations for the fiscal year ended December 28, 2013. Visant reported a consolidated net loss from continuing operations of $11.4 million (including the loss on repurchase and redemption of debt of $26.6 million) for the fiscal year ended January 3, 2015, compared to a consolidated net loss from continuing operations of $14.9 million for the fiscal year ended December 28, 2013. Visant's consolidated Adjusted EBITDA (defined in the accompanying summary of financial data) from continuing operations totaled $228.8 million for the 2014 fiscal year, a decrease of $8.5 million, compared to consolidated Adjusted EBITDA from continuing operations of $237.3 million for the 2013 fiscal year.read more