Schawk Inc. reported that its board of directors has declared a regular quarterly dividend of $0.08 per share, payable on June 28, 2013, to Class A common stockholders of record as of June 14, 2013.

Schawk Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net sales of $111,003,000 against $112,750,000 a year ago. Operating income was $1,971,000 against operating loss of $1,586,000 a year ago. Income before income taxes was $902,000 against loss before income taxes of $2,412,000 a year ago. Net income was $1,455,000 against net loss of $1,607,000 a year ago. Basic and diluted income per share was $0.06 against basic and diluted loss per share of $0.06 a year ago. Adjusted operating income was $4,670,000 against $3,138,000 a year ago. Adjusted net income was $2,278,000 against $1,397,000 a year ago. Adjusted earnings per diluted share were $0.09 against $0.05 a year ago. Adjusted EBITDA was $6,896,000 against $4,917,000 a year ago. Year-over-year sales were negatively impacted by changes in foreign currency translation rates of approximately $0.3 million, as the U.S. dollar increased in value relative to the local currencies of certain of the company's non-U.S. subsidiaries. The year-over-year operating income increase was driven by higher gross profit coupled with reductions in acquisition integration and restructuring, business and systems integration and SG&A expenses. Management adjusted EBITDA for first quarter of 2013 was $9.6 million, which was comparable to the prior-year period. The company generated $10.7 million of operating cash flow during the first quarter of 2013. The company reduced its spending on capital expenditures by approximately $1.8 million for the first quarter of 2013 compared to last year. The lower amount of capital spending for the 2013 period was a result of technology initiatives, principally the new ERP that the company started implementing in first quarter of 2012, which reduced the need for certain other technology expenditures. The company announced impairment charges for the first quarter ended March 31, 2013. For the quarter, the company reported impairment of long-lived assets of $36,000. In terms of general maintenance capital expenditures, the company anticipates spending of approximately $9 million to $11 million annually, assuming no significant business acquisitions. This is approximately $2 million less than its original expectation at 2011.

Schawk Inc. announced that it has appointed Richard McDonald to the newly created position of senior vice president, business development, CPG practice. McDonald will be responsible for integrating and leading the business development function for the full range of Schawk Inc.'s brand development and brand deployment services into a single business practice designed to serve CPGs. Prior to joining Schawk Inc., McDonald was leading business development at Ryan Partnership where he was building a collaborative sales culture and transforming the agency's ability to influence clients and expand its image for tactical problem-solving to one of providing strategic counsel, creative ideas and flawless execution.