Cenveo, Inc. reported financial results for the 4Q and full year ended December 31, 2016. Net sales in the 4Q 2016 were $417.2 million compared to $479 million in the same period last year, a 12.9% decline. Net sales were $1.66 billion for the full year 2016 compared to $1.74 billion for the full year 2015, a 4.7% decline.
Operating income in the 4Q 2016 declined 33.2% to $16.6 million, compared to $24.8 million in the same period last year. For the full year, operating income declined 9.3% to $76 million from $83.8 million in 2015.
Net loss in the 4Q 2016 was $0.2 million compared to a net loss of $17.5 million for the same period last year. Net income for the full year of 2016 was $67.9 million, compared to a net loss of $30.9 million in 2015.
Adjusted EBITDA was $32.5 million in the 4Q 2016 compared to $44.1 million for the same period last year. For the full year 2016, Adjusted EBITDA was $143.9 million compared to $158.0 million in 2015.
Cenveo is a leading global provider of print and related resources, offering world-class solutions in the areas of custom labels, envelopes, commercial print, content management and publisher solutions.
