Cenveo sales fall 2.3%

八月 5, 2016
Cenveo, Inc. generated net sales of $404 million for the three months ended July 2, 2016, compared to $413.4 million for the same period last year, a decline of 2.3%, as the company said in the press release received by Lesprom Network.

Robert G. Burton, Sr., Chairman and CEO, stated: "Since the beginning of the 2Q we achieved several of our financial and operational objectives. We completed several financing transactions which resulted in reducing our outstanding debt by approximately $80 million, and ultimately reducing our annual interest expense by over $20 million while extending our debt maturities and increasing our liquidity. I am pleased to say that we accomplished all of these objectives with minimal disruption to our business. We also saw solid operational performance in our business, led by strong direct mail volumes, allowing us to achieve our goal of continued margin expansion."

The Company generated net sales of $836.8 million for the six months ended July 2, 2016, compared to $843 million for the same period last year, a decline of 0.7%.

Operating income was $21.6 million for the three months ended July 2, 2016, compared to operating income of $21.7 million for the same period last year, a decline of 0.4%. Operating income was $38.6 million for the six months ended July 2, 2016, compared to operating income of $39.5 million for the same period last year, a decline of 2.2%.

Net income was $47.6 million for the three months ended July 2, 2016, compared to a net loss of $2.4 million for the same period last year. For the six months ended July 2, 2016, net income was $58.8 million, compared to a net loss of $10.1 million for the same period last year.

Adjusted EBITDA was $37.5 million for the three months ended July 2, 2016, compared to $37.4 million for the same period last year. Adjusted EBITDA was $72.4 million for the six months ended July 2, 2016, compared to $71.9 million for the same period last year.

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.


標籤: Cenveo, Inc.

主題: 财务

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