Cenveo Reports Sales, Income Up Primarily Due to Nashua Acquisition
For the second quarter of 2010, the company recorded a net loss of $8.3 million, or $0.13 per share, compared to a net loss of $18.3 million, or $0.34 per share, for the second quarter of 2009. The improvement in net loss in the second quarter of 2010 as compared to 2009 is primarily due to lower restructuring and impairment charges partially offset by a lower income tax benefit. For the first six months of 2010, the Company recorded a net loss of $19.4 million, or $0.31 per share, compared to a net loss of $22.6 million, or $0.41 per share, for the same prior year period. In addition to lower restructuring and impairment charges, the results for the first six months of 2010 include a loss of $2.6 million on early extinguishment of debt while the results for the first six months of 2009 include a gain of $16.9 million on early extinguishment of debt.
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