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Cenveo Announces Conference Call for Fourth Quarter Results

         Cenveo Announces Conference Call for Fourth Quarter Results

PR Newswire

STAMFORD, Conn., Feb. 6, 2014

STAMFORD, Conn., Feb. 6, 2014 /PRNewswire/ -- Cenveo, Inc. (NYSE: CVO)
announced today that it will host a conference call at 10:00 a.m. Eastern Time
on Thursday, February 27^th to discuss the company's fourth quarter 2013
results. A live webcast of the call will be accessible on Cenveo's website:
www.cenveo.com.

(Logo: http://photos.prnewswire.com/prnh/20070618/CENVEOLOGO)

Robert G. Burton, Sr., Chairman and Chief Executive Officer stated:
"I look forward to speaking with our investors in more detail on February
27^th as we are very pleased with the Company's operating performance during
the fourth quarter of 2013. These results moderately exceeded our forecast on
an Adjusted EBITDA basis. While we have much work to do in order to complete
our integration, we remain on track to deliver our financial commitments
regarding our purchase of National Envelope as early cost actions are well
underway. I am also encouraged by the momentum we are currently seeing across
our operations from capital investments we made in our labels and packaging
operations to leadership changes in our print group that are beginning to
deliver improvement. As the largest individual shareholder of the Company, I
am excited about our future prospects and current opportunities we have in
2014, and I look forward to sharing them in more detail on our conference call
later this month."

In addition to results presented in accordance with accounting principles
generally accepted in the U.S. ("GAAP"), we use certain non-GAAP financial
measures, including Adjusted EBITDA, non-GAAP income/(loss) from continuing
operations, non-GAAP operating income, non-GAAP operating income margin, and
adjusted free cash flow. Adjusted EBITDA is defined as earnings before
interest, taxes, depreciation, amortization, integration, acquisition and
other charges, stock-based compensation provision, restructuring, impairment
and other charges, gain on bargain purchase, loss/(gain) on early
extinguishment of debt, net income/(loss) from discontinued operations, net of
taxes. Non-GAAP operating income is defined as operating income excluding
integration, acquisition and other charges, stock-based compensation
provision, and restructuring, impairment and other charges. Non-GAAP operating
income margin is calculated by dividing non-GAAP operating income into net
sales. Non-GAAP income/(loss) from continuing operations excludes
integration, acquisition and other charges, stock-based compensation
provision, restructuring, impairment and other charges, gain on bargain
purchase, loss/(gain) on early extinguishment of debt, net, and an adjustment
to income taxes to reflect an estimated cash tax rate. Adjusted free cash flow
is defined as Adjusted EBITDA less cash interest, cash taxes, and capital
expenditures, net of proceeds from plant, property and equipment. These are
non-GAAP financial measures, as defined herein, and should be read in
conjunction with GAAP financial measures. A reconciliation of income/(loss)
from continuing operations to non-GAAP income/(loss) from continuing
operations and operating income/(loss) to non-GAAP operating income is
presented in the attached tables. These non-GAAP financial measures are not
presented as an alternative to cash flows from continuing operations, as a
measure of our liquidity or as an alternative to reported net loss as an
indicator of our operating performance. The non-GAAP financial measures as
used herein may not be comparable to similarly titled measures reported by
competitors.

We believe the use of Adjusted EBITDA, non-GAAP income/(loss) from continuing
operations, non-GAAP operating income/(loss), non-GAAP operating income margin
and adjusted free cash flow along with GAAP financial measures enhances the
understanding of our operating results and may be useful to investors in
comparing our operating performance with that of our competitors and
estimating our enterprise value. Adjusted EBITDA is also a useful tool in
evaluating the core operating results of the Company given the significant
variation that can result from, for example, the timing of capital
expenditures, the amount of intangible assets recorded or the differences in
assets' lives. We also use Adjusted EBITDA internally to evaluate the
operating performance of our segments, to allocate resources and capital to
such segments, to measure performance for incentive compensation programs, and
to evaluate future growth opportunities. The non-GAAP financial measures
included in this press release are reconciled to their most directly
comparable GAAP financial measures in the tables included herein.

Cenveo (NYSE: CVO), headquartered in Stamford, Connecticut, 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. The company provides a
one-stop offering through services ranging from design and content management
to fulfillment and distribution. With a worldwide distribution platform, we
pride ourselves on delivering quality solutions and service every day for our
more than 100,000 customers. For more information please visit us at
www.cenveo.com.

Statements made in this release, other than those concerning historical
financial information, may be considered "forward-looking statements," which
are based upon current expectations and involve a number of assumptions, risks
and uncertainties that could cause actual results to differ materially from
such forward-looking statements. In view of such uncertainties, investors
should not place undue reliance on our forward-looking statements. Such
statements speak only as of the date of this release, and we undertake no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise. Factors
that could cause actual results to differ materially from management's
expectations include, without limitation: (i) the recent United States and
global economic conditions, which have adversely affected us and could
continue to do so; (ii) our substantial level of indebtedness, which could
impair our financial condition and prevent us from fulfilling our business
obligations; (iii) our ability to service or refinance our debt; (iv) the
terms of our indebtedness imposing significant restrictions on our operating
and financial flexibility; (v) additional borrowings that are available to us
could further exacerbate our risk exposure from debt; (vi) our ability to
successfully integrate acquired businesses into our business; (vii) a decline
of our consolidated profitability or profitability within one of our
individual reporting units could result in the impairment of our assets,
including goodwill, other long-lived assets and deferred tax assets; (viii)
intense competition and fragmentation in our industry; (ix) the general
absence of long-term customer agreements in our industry, subjecting our
business to quarterly and cyclical fluctuations; (x) factors affecting the
United States postal services impacting demand for our products; (xi) the
availability of the internet and other electronic media may adversely affect
our business; (xii) increases in paper costs and decreases in the availability
of raw materials; (xiii) our labor relations; (xiv) our compliance with
environmental laws; (xv) our dependence on key management personnel; (xvi) our
dependence upon information technology systems; and (xvii) our international
operations and the risks associated with operating outside of the United
States. This list of factors is not exhaustive, and new factors may emerge or
changes to the foregoing factors may occur that would impact our business.
Additional information regarding these and other factors can be found in
Cenveo, Inc.'s periodic filings with the SEC, which are available at
www.cenveo.com.

Inquiries from analysts and investors should be directed to Robert G. Burton,
Jr. at (203) 595-3005.

SOURCE Cenveo, Inc.

Website: http://www.cenveo.com
 
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