Cenveo Reports Larger Loss on Small Uptick in Sales
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Adjusted EBITDA for the year ended Jan. 1, 2011 was $216.3 million, as compared t $201.7 million for the year ended Jan. 2, 2010.
Robert G. Burton, Sr., Chairman and CEO stated, “Our fourth-quarter results, combined with our recently announced acquisitions of Gilbreth and MeadWestvaco’s Envelope Products Group (EPG), marked a strong finish for Cenveo in 2010. Despite still dealing with some volatile industry conditions, we were able to deliver sequential operational and financial improvements in the fourth quarter, highlighted by delivering Non-GAAP operating income margin of 9.7 percent for the quarter.
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