Revenue Growth
Consolidated revenue grew 6% on both a reported basis and an organic constant currency basis.
Strong Performance in Key Segments
Segment EBITDA increased in Upload and Print, National Pen, and all other businesses with higher gross margins and lower advertising as a percentage of revenue.
Vista's Growth
Vista's organic constant currency revenue growth was 8%, with strong performance in Europe and solid growth in North America.
Share Repurchases
Over the last 3 quarters, $168 million was allocated to the repurchase of about 8% of shares at attractive multiples.
Balance Sheet Improvements
Significant reduction in net leverage from 3.5x to 3.1x EBITDA over the past year.
Holiday Season Preparations
Positive trends in Vista's consumer product category and good preparations and plans for the holiday peak season.