Cenveo’s Net Sales Fall, but Income Figures Show Mixed Results

Operating income was $29.0 million for the second quarter of 2012, compared to $26.3 million for the second quarter of 2011. The increase in operating income was primarily due to a lower cost structure as a result of the integration of the Envelope Product Group (EPG) acquisition and lower compensation related expenses, offset by increased pension expense and lower byproduct recoveries. Non-GAAP operating income was $36.3 million for the second quarter of 2012, compared to $37.3 million for the second quarter of 2011.