Cenveo Posts Net Loss on Net Sales Decline

Cenveo expects the direct mail market to strengthen in the second half of 2012. It’s custom label and specialty packaging products both displayed strong growth relating to customer wins and sales channel expansion.

In the first quarter of 2012, Cenveo had a net loss of $27.2 million, compared to net income of $2.8 million in the first quarter of 2011. The 2012 results include a loss on early extinguishment of debt, net of $10.6 million related to our recent debt refinancing and restructuring, impairment and other charges of $14.0 million as a result of a print plant closure and other cost savings actions executed in the first quarter of 2012.