"BIC's nine months results were solid," Mario Guevara, chief executive officer, said in a press release. "Our consumer business trend stayed positive despite the challenging economic environment; and importantly the group's profitability levels were above the historical average."
BIC Advertising and Promotional Products (BIC APP), which includes Norwood & BIC Graphic North America, saw normalized income from operations drop slightly for the quarter, from 11.4 percent to 9.7 percent, and for the nine-month period from 4.4 percent in 2010 to 2.8 percent this year.
Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.