Cenveo's Net Income Drops on Sales Decline in Third Quarter

Adjusted EBITDA for the three months ended October 3, 2009 was $56.3 million, compared to $82.5 million for the same period of 2008. 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, (gain) loss on early extinguishment of debt, and income (loss) from discontinued operations, net of taxes. An explanation of the Company’s use of Non-GAAP measures and Adjusted EBITDA is detailed below.