Cenveo Reports Smaller Loss on Lower Sales

Adjusted EBITDA for the three months ended January 2, 2010 was $60.8 million. Adjusted EBITDA is defined as earnings before interest, taxes, depreciation and amortization, integration, acquisition and other charges, stock-based compensation provision, restructuring, impairment and other charges, divested operations or assets held for sale, (gain) loss on early extinguishment of debt, and income (loss) from discontinued operations, net of taxes. Free cash flow is defined as Adjusted EBITDA less cash interest, cash taxes, and capital expenditure. An explanation of the Company’s use of Non-GAAP measures, Adjusted EBITDA and free cash flow is detailed below.