Perelman’s Vericast Reports 24% Earnings Gain on Cost Savings

Ronald Perelman’s Vericast Corp. saw its earnings jump in the year’s first quarter as lower costs allowed the closely held marketing firm to reap bigger margins, according to people with knowledge of the results.

A measure of the company’s earnings rose 24% from a year earlier to $100.5 million, said the people who asked not to be named because results are private. The company said second-quarter earnings are on track to be up by 10% compared to the first three months of the year, the people added.

The boost in performance was attributed to cost savings as revenue for ...