Cenveo Posts Gains Primarily Due to Acquisition

For the nine months ended Oct. 1, 2011, the company recorded net income of $6.0 million, compared to a net loss of $176.6 million for the nine months ended Oct. 2, 2010. The improvement in net income was primarily due to lower restructuring and impairment charges, a preliminary bargain purchase gain related to the EPG acquisition and lower interest expense in the first nine months of 2011, compared to the first nine months of 2010, partially offset by higher income tax expense in the first nine months of 2011, compared to the first nine months of 2010 and a loss on early extinguishment of debt in the first nine months of 2010.