Cenveo Posts Gains, Names Burton Jr. President
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In addition, the company's board of directors has appointed Robert "Rob" Burton Jr. to the position of president. His father, Robert "Bob" Burton, is chairman and CEO of Cenveo.
For the six months ending July 2, net sales increased approximately 11.0 percent to $998.3 million, compared to $899.2 million for the six months ending July 3, 2010. For the six months ended July 2, 2011, the company generated operating income of $51.5 million, compared to $31.6 million for the same period of the previous year. These increases were driven by the acquisition of EPG and organic growth in the company’s direct envelope, custom label, content, commercial print and specialty packaging product lines.
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