Cenveo Reports Larger Loss on Small Uptick in Sales
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STAMFORD, CT—March 2, 2011—Cenveo, Inc. announced results for the three months and full year ended Jan. 1, 2011. For the quarter, its net sales were $460.4 million, as compared to $456.8 million for the same period in the previous year. For the three months, the company reported a net loss of $9.8 million, as compared to a net loss of $9.4 million for the quarter in 2010. The net loss includes non-cash restructuring charges of $12 million, primarily related to real estate actively being marketed for sale and the company’s decision to exit two multi-employer pension funds as well as a loss on early extinguishment of debt of $7.0 million relating to the refinancing of its credit facility.
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