Champion Industries Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended July 31, 2012
September 14, 2012 at 10:11 pm
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Champion Industries Inc. reported unaudited earnings results for the third quarter and nine months ended July 31, 2012. For the quarter, total revenues were $26,340,000 against $25,597,000 a year ago. This change represented an increase in revenues of $0.7 million or 2.9%. Net loss from continuing operations was $1,114,000 or $0.10 per basic and diluted share against net income from continuing operations of $783,000 or $0.08 per basic and diluted share a year ago. The reduction in net income from the third quarter of 2012 to the third quarter of 2011 was primarily reflective of a pre-tax gain on early extinguishment of debt to a related party recorded in the third quarter of 2011 of $1.3 million and higher SG&A expenses primarily associated with professional fees related to the company's secured syndicated debt.
For the nine months, total revenues were $80,160,000 against $76,603,000 a year ago. Net loss from continuing operations was $22,173,000 or $1.96 per basic and diluted share against net income from continuing operations of $1,155,000 or $0.11 per basic and diluted share a year ago.
Champion Industries, Inc. is a business solutions provider. The Company provides solutions in commercial printing, business forms manufacturing, office products, office furniture supply, and mailing solutions. Its two lines of business segments are commercial printing; and office products, office furniture and office design. It offers warehousing and fulfillment of prints and supplies goods in regional markets of the Mississippi River. Its printing services include business cards, books, tags, labels, brochures, posters, multi-part, continuous and snap-out business forms. Its office products, office furniture and office design segment provide a range of product offerings in two categories, which include supplies, such as file folders, paper products, pens and pencils, computer paper and laser cartridges, and furniture, including budget and middle price range desks, chairs, file cabinets and computer furniture. Its promotional products include apparel, bags, drinkware, and others.
CHAMPION INDUSTRIES, INC. 
