Valassis Communications, Livonia, Mich., reported third-quarter net earnings soared 30.7% from a year ago to $26 million, as revenue climbed 6.2% to $177.5 million. For the first nine months, net earnings rose 40.6% to $88.3 million; revenue was up 7.8% to $594.7 million. Valassis cited continued industry growth in free-standing inserts, though its own FSI sales for the quarter were down 2.3% to $132.7 million, with one less publishing date than in the same period last year. Year-to-date, however, Valassis' FSI sales are up 4.3% from the comparable period in 1998.
Copyright October 1999, Crain Communications Inc.