Cenveo generated net sales of $1.74 billion for the year ended January 2, 2016, compared with $1.76 billion for the prior year, a decline of 1.1%. The decline in net sales for the year is primarily attributable to decreased capacity in envelope business due to the closure and consolidation related to the National Envelope integration during 2014, partially offset by one extra week in the full year 2015 versus the full year 2014, price increases and product mix changes with certain envelope customers.
Operating income was $24.8 million for the three months ended January 2, 2016, compared to operating income of $11.2 million for the same period last year, an improvement of 121%.
Operating income was $83.8 million for the year ended January 2, 2016, compared to operating income of $42.8 million for the prior year, an improvement of 95.9%.
Adjusted EBITDA was $44.1 million and $33.3 million for the three months ended January 2, 2016 and December 27, 2014, respectively, an improvement of 32.5%. The increase over the prior year quarter is primarily attributable to the improvement of our envelope operations subsequent to the prior year consolidation efforts and operating improvements from its print operations.
For the year ended January 2, 2016, Adjusted EBITDA was $158.0 million, compared to $139.4 million for the prior year, an improvement of 13.3%.
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.
