Nov 09, 2006. /Lesprom Network/. Cenveo, Inc. announced on November 8 its results for the three and nine months ended September 30, 2006. For the third quarter, the company reported net income of $11.6 million, or $0.21 per diluted share, compared to a net loss of $64.1 million, or -$1.28 per diluted share, in the third quarter of 2005. The third quarter 2006 results include restructuring, impairment and other charges of $4.7 million, as compared to $24.4 million in 2005. Net sales for the quarter decreased to $383.9 million from $430.8 million in 2005, primarily due to the company's sale of Supremex. Non-GAAP net income totaled $14.9 million or $0.27 per diluted share in the third quarter of 2006. Non-GAAP net income excludes restructuring and impairment charges, and equity income from affiliate. A reconciliation of net income to Non-GAAP net income for these adjustments is presented in the attached tables. Adjusted EBITDA, as defined, (earnings before interest, taxes, depreciation and amortization, excluding restructuring, impairment, and other charges, gain (loss) on sale of non-strategic businesses, divested operations, additional stock compensation expense on the adoption of SFAS 123R, loss on early extinguishment of debt, and equity income in affiliate) in the third quarter of 2006, was $40.4 million compared to adjusted EBITDA of $22.1 million in the same period last year, an increase of 82%. An explanation of the company's use of adjusted EBITDA and a reconciliation of adjusted EBITDA to net income is provided below. For the first nine months, the company reported net income of $90.7 million, or $1.68 per diluted share compared to a net loss of $97.2 million, or -$1.99 per diluted share in the same period in 2005. The results for the first nine months of 2006 include restructuring and impairment charges of $35.4 million, the gain on sale of non-strategic businesses of $132.9 million, primarily relating to a sale of our 71.4% interest in Supremex, and the loss on early extinguishment of debt of $32.7 million. Net sales for the first nine months decreased to $1.17 billion from $1.30 billion in 2005, primarily due to the company's decision to sell Supremex, close certain facilities, and sell several other non-strategic businesses. Non-GAAP net income totaled $33.7 million or $0.62 per diluted share in the first nine months of 2006. Non-GAAP net income excludes restructuring and impairment charges, gain on sale of non-strategic businesses, loss on early extinguishment of debt and equity income in affiliate. A reconciliation of net income to Non-GAAP net income for these adjustments is presented in the attached tables. Cenveo is one of North America's leading providers of visual communications with one-stop services from design through fulfillment. The company's broad portfolio of services and products include e-services, envelopes, offset and digital printing, as well as printed office products. The company is uniquely positioned by serving both direct customers through their commercial segment and wholesalers and value-added resellers through its resale segment.