The Company generated net sales of $1.8 billion for the year ended December 28, 2013, compared to $1.7 billion for the prior year. The increase in net sales was primarily due to the acquisition of certain assets of National Envelope in the 3Q.
Operating loss was $15.7 million for the three months ended December 28, 2013, compared to operating income of $31.7 million for the same period last year.
For the year ended December 28, 2013, operating income was $29.4 million, compared to $101.2 million for the prior year. The decrease in operating income was primarily due to a $33.4 million impairment charge related to the retirement of certain trade names, lower sales from its print operations and acquisition-related costs due to the acquisition of certain assets of National Envelope. These decreases were offset in part by higher gross margins in its envelope operations from volume increases.
For the three months ended December 28, 2013, the Company had a loss from continuing operations of $59.5 million, or $0.90 per share, compared to a loss of $57.4 million, or $0.90 per share for the same period last year.
Robert G. Burton, Sr., Chairman and CEO stated: "We are very pleased with our 4Q performance and the continuation of the positive operational trends we experienced for the past couple of quarters. In the 4Q, we delivered 3.5% organic revenue growth from both our envelope and label and packaging segments. Direct mail continued to perform well as we saw strong growth in credit card mailings during the quarter. Recent leadership changes and selected capital investments are showing results in our print and label and packaging operations. The integration of National Envelope continues to progress well and remains on track with our expectations, as many cost actions have been implemented to date and we are relatively complete with the anticipated working capital build associated with the transaction."
Cenveo is a leading global provider of print and related resources, offering world-class solutions in the areas of custom boxes, custom labels, shrink sleeve labels, envelopes, commercial print, content management and publisher solutions.