Mail-Well Inc. announced a net loss of $2.3 million for the second quarter ended June 30. Sales for the second quarter were $408 million.
For the six months of 2003, net income was $400,000. Sales for the six-month period were $835 million.
For the same periods of 2002, net loss was $38.2 million for the second quarter, and $17 million for the six-month period. The 2002 losses included a charge for restructuring of $9.3 million, a loss of $8.7 million on debt restructuring and impairment losses related to discontinued operations and assets held for sale of $19.3 million.
The second quarter has always been weak, and the results were in line with expectations, said Paul Reilly, chairman of the Englewood, CO, printer.
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