Cenveo Reports Sales, Income Up Primarily Due to Nashua Acquisition
On a non-GAAP basis, income from continuing operations was $5.8 million, or $0.09 per share, for the second quarter of 2010 as compared to non-GAAP income from continuing operations of $8.8 million, or $0.16 per share, in the same prior year period. Non-GAAP income from continuing operations was $5.3 million, or $0.08 per share, for the first six months of 2010 as compared to non-GAAP income from continuing operations of $0.6 million, or $0.01 per share, in the same prior year period. Non-GAAP income from continuing operations excludes integration, acquisition and other charges, stock-based compensation provision, restructuring and impairment charges, divested operations or assets held for sale, (gain) loss on early extinguishment of debt and adjusts income taxes to reflect an estimated cash tax rate. A reconciliation of loss from continuing operations to non-GAAP income from continuing operations is presented in the attached tables.
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