Cenveo Posts Gains Primarily Due to Acquisition
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STAMFORD, CT—Nov. 9, 2011—Cenveo Inc.announced results for the three and nine months ended Oct. 1, 2011.
Third-Quarter Highlights:
- Net Sales of $500.6 million, up 10 percent from 2010.
- Net Income of $2.8 million.
- Non-GAAP Operating Income of $44.3 million, up 12 percent from 2010.
- Adjusted EBITDA of $61.6 million, up 8.9 percent from 2010.
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For the three months, net sales increased approximately 10 percent to $500.6 million, compared to $455.1 million for the three months ended Oct. 2, 2010, primarily due to the acquisition of MeadWestvaco Corp.’s Envelope Product Group, which closed in February, and growth from the company’s direct envelope group, which benefited from strong direct mail volumes.
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