Cenveo Reports Mixed Results in First Quarter 2010
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The company generated operating income of $12.2 million in the first quarter of 2010, as compared to $0.2 million in the first quarter of 2009. Non-GAAP operating income increased 111% to $29.8 million as compared to $14.1 million in the prior year reflecting the benefits of the Company’s focus on cost containment. Non-GAAP operating income excludes integration, acquisition and other charges, stock-based compensation provision, restructuring and impairment charges and divested operations or asset held for sale.
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