Thursday, August 9, 2012

Cenveo’s Net Sales Fall, Income Show Mixed Results

Cenveo’s Net Sales Fall, but Income Show Mixed Results:Cenveo Inc. announced its results for the three and six months ended June 30, 2012. The company generated net sales of $438.9 million for the second quarter of 2012, compared to $469.9 million for the same quarter of 2011. The decrease in net sales was primarily due to lower sales in its print and envelope product lines as a result of lower direct mail volumes from our financial services customers, the closure and consolidation of a print plant and our decision to exit certain low margin businesses.