Aug 09, 2012. /Lesprom Network/. Cenveo, Inc. announced results for the three and six months ended June 30, 2012. The Company generated net sales of $438.9 million for the 2Q 2012, compared to $469.9 million for the 2Q 2011. The decrease in net sales was primarily due to lower sales in print and envelope product lines as a result of lower direct mail volumes from financial services customers, the closure and consolidation of a print plant and decision to exit certain low margin businesses, as the company said in the press release received by Lesprom Network. The Company generated net sales of $894.5 million for the first six months of 2012, compared to $946.9 million for the first six months of 2011. The Company expects the direct mail market to strengthen in the second half of 2012. Net sales from label and packaging business lines remained relatively flat for the 2Q 2012 and for the six months of 2012 despite decision to exit low margin businesses within those platforms, which has been offset in part by e-commerce initiatives and new account wins in packaging business. Operating income was $29 million for the 2Q 2012, compared to $26.3 million for the 2Q 2011. Non-GAAP operating income was $36.3 million for the 2Q 2012, compared to $37.3 million for the 2Q 2011. Operating income was $43.2 million for the first six months of 2012, compared to $45.5 million for the first six months of 2011. Non-GAAP operating income was $67.9 million for the first six months of 2012, compared to $68.8 million for the first six months of 2011. For the 2Q 2012, the Company had income from continuing operations of less than $0.1 million, or less than $0.01 per share, compared to loss from continuing operations of $1.6 million, or $0.02 per share for the 2Q 2011. On a Non-GAAP basis, income from continuing operations was $8.4 million, or $0.13 per share, for the 2Q 2012 as compared to $7.5 million, or $0.12 per share, for the 2Q 2011. For the first six months of 2012, the Company had a loss from continuing operations of $22.5 million, or $0.36 per share, compared to loss from continuing operations of $0.5 million, or $0.01 per share for the first six months of 2011. On a Non-GAAP basis, income from continuing operations was $11.7 million, or $0.18 per share, for the first six months of 2012 as compared to $8.6 million, or $0.14 per share, for the first six months of 2011. Adjusted EBITDA for the 2Q 2012 was $53.1 million, compared to Adjusted EBITDA for the 2Q 2011 of $53.5 million. Adjusted EBITDA for the first six months of 2012 was $100.1 million, compared to Adjusted EBITDA for the first six months of 2011 of $100.9 million. Robert G. Burton, Sr., Chairman and CEO stated: “Our 2Q results were in line with our expectations as we continued to execute well despite a challenging economic back drop. We were able to generate over $33 million in cash flow from operating activities of continuing operations, pay down debt and materially address our notes maturing in December 2013 by retiring $50 million of these notes. I feel highly confident in our plan to quickly address the remaining $98.5 million by continuing to generate strong cash flow and continuing to drive working capital improvements. Also, the passage of MAP-21 with its pension plan interest rate stabilization is very positive for Cenveo. We currently estimate this legislation will reduce our planned pension contributions in excess of $10.5 million through 2013 and provides us additional cash to reduce our notes maturing in 2013, repay other outstanding debt or invest in our growing businesses.” Cenveo is a leading global provider of print and related resources, offering world-class solutions in the areas of custom labels, specialty packaging, envelopes, commercial print, content management and publisher solutions.