Perelman’s Vericast Reports Earnings Drop Amid Inflation Pain

Ronald Perelman’s Vericast Corp. saw its revenue and earnings tumble amid inflationary pressures and a pullback in consumer spending.

A measure of the company’s earnings for the three months through July 2 dropped 29% from a year earlier to $76.9 million, according to people with knowledge of the results. Total revenue for the quarter was down 11% to $557.9 million, from $626.1 million the year before.

The closely held marketing firm formerly known as Harland Clarke Holdings Corp. reported its second quarter results to investors on Thursday evening. Based in San Antonio, Texas, Vericast’s businesses focus on marketing, coupons ...