Valassis Up in Q2

By: E&P Staff Valassis announced that Q2 revenues increased 7.7% to $276.4 million compared to the same quarter last year. Net earnings for the same period were $25.5 million or $.50 in earnings per share. EPS for the first six months of 2005 was up 7.1% from $.98 to $1.05. The company raised the full-year 2005 guidance range to be between $1.96 and $2.08.

"We are pleased with our first half performance and the positive trends in our business which have contributed to the raising of our EPS guidance for 2005," said Alan Schultz, chairman, president, and CEO of Valassis. "Our strategies to diversity our product portfolio and expand our customer base have positioned us well to deliver effective marketing solutions for our customers, while providing value to consumers in a non-intrusive way. We are excited about our success with integrated solutions and our position in the marketplace, a position we plan to further enhance.?"

Co-op FSI revenues for Q2 were up 1.6% to $134.4 million. The increase was due to continued industry unit growth and an additional publishing date in the second quarter compared to the prior year, offsetting a slight reduction in co-op FSI pricing.

ROP revenues generated from the brokering of advertising space on behalf of newspapers increased 1.5% to $27.3 million.

Neighborhood Targeted product revenues grew 28% to $72.2 million. The increase in revenue was primarily attributed to growth in preprints form the telecommunications, retail, and food service customer verticals.

Household Targeted product revenues advanced 3.1% to $16.6 million.