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May 06, 2015 7:40 PM ET

Media

Company Overview of VISANT Corporation

Company Overview

Visant Corporation, together with its subsidiaries, provides marketing and publishing services for the school affinity, and educational and trade publishing and packaging markets. The company operates in three segments: Scholastic, Memory Book, and Publishing and Packaging Services. The Scholastic segment produces, markets, and sells class rings, as well as various graduation products, including caps, gowns, diplomas and announcements, graduation-related accessories, and other scholastic affinity products to students and administrators in high schools, colleges, and universities through retail channel and online. This segment also offers championship rings for professional sports teams and a...

357 Main Street

Armonk, NY 10504

United States

Founded in 2003

3,404 Employees

Phone:

914-595-8200

Key Executives for VISANT Corporation

Chairman, Chief Executive Officer, President, Member of Executive Committee, Chairman of Visant Holding Corp, Chief Executive Officer of Visant Holding Corp and President of Visant Holding Corp
Age: 58
Chief Financial Officer and Senior Vice President
Age: 53
Director, Chief Executive Officer of Jostens, Inc and President of Jostens, Inc
Age: 53
Compensation as of Fiscal Year 2014.

VISANT Corporation Key Developments

Visant Corporation Announces Management Changes

On March 12, 2015, Visant Corporation announced that Mr. Paul Carousso, who currently serves as the company’s Senior Vice President, Chief Financial Officer, will be completing his tenure with Visant and resigning his position effective during April 2015. Consistent with the planned consolidation of Visant's corporate functions within its Jostens Inc. subsidiary initiated by Visant in 2014, Mr. Jim Simpson, who currently holds the position of Senior Vice President, Chief Financial Officer of Jostens will assume the additional role of Senior Vice President, Chief Financial Officer of Visant effective with Mr. Carousso's departure. Mr. Simpson has been with Jostens since 2010. Prior to joining Jostens, Mr. Simpson served for 10 years as the Chief Financial and Administrative Officer of International Dairy Queen, a subsidiary of Berkshire Hathaway, which owns, operates and franchises restaurants.

VISANT Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 3, 2015; Provides Capital Expenditures Guidance for 2015

VISANT Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended January 3, 2015. For the fourth quarter, the company's net sales were $149,651,000 against $150,542,000 a year ago. Operating loss was $6,725,000 against $4,387,000 a year ago. Loss before income taxes was $44,651,000 against $43,261,000 a year ago. Loss from continuing operations was $23,863,000 against $31,317,000 a year ago. Net loss was $23,571,000 against $13,656,000 a year ago. Adjusted EBITDA was $18,224,000 against $20,050,000 a year ago. For the year, the company's net sales were $831,770,000 against $854,007,000 a year ago. Operating income was $149,633,000 against $133,620,000 a year ago. Loss before income taxes was $31,065,000 against $21,381,000 a year ago. Loss from continuing operations was $11,427,000 against $14,947,000 a year ago. Net income was $84,528,000 against $1,081,000 a year ago. Adjusted EBITDA was $228,770,000 against $237,326,000 a year ago. 2014 capital expenditures from continuing operations were $27.2 million compared to $25.6 million in 2013. Net debt was $1.465 billion. For 2015, the company expects similar level of capital expenditures as in 2014. Expects cash interest in 2015 to be approximately $135 million. In 2015, it expects cash taxes of approximately $5 million due in part to the expected cash refund of approximately $5 million in 2015.

VISANT Corporation, Q4 2014 Earnings Call, Mar 12, 2015

VISANT Corporation, Q4 2014 Earnings Call, Mar 12, 2015

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