Cenveo Posts Mixed, but Mostly Flat or Lower Financial Results

Operating income was $35.0 million for the latest quarter, compared to $33.2 million for the third quarter of 2011. The increase in operating income was primarily due to our lower cost structure as a result of the integration of our Envelope Product Group (EPG) acquisition and lower compensation related expenses, offset by lower byproduct recoveries and increased pension expense. Non-GAAP operating income was $42.4 million, compared to $41.6 million for the third quarter of 2011.