Checkpoint Systems reports Q4 EPS of $0.36 vs. $0.40

Checkpoint Systems, Inc. CKP today reported financial results for the fourth quarter and full year ended December 26, 2010. Net revenues for the fourth quarter of 2010 were $235.5 million compared to net revenues for the fourth quarter of 2009 of $237.8 million. Net earnings attributable to Checkpoint Systems, Inc. for the fourth quarter of 2010 were $7.7 million, or $0.19 per diluted share, compared to net earnings attributable to Checkpoint Systems, Inc. for the fourth quarter of 2009 of $18.6 million, or $0.47 per diluted share. Non-GAAP net earnings attributable to Checkpoint Systems, Inc. for the fourth quarter of 2010 excluding restructuring expenses and pre-acquisition reserve adjustments were $14.5 million, or $0.36 per diluted share. Non-GAAP net earnings attributable to Checkpoint Systems, Inc. for the fourth quarter of 2009 were $23.4 million, or $0.59 per diluted share.