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Last $1.69 USD
Change Today -0.03 / -1.74%
Volume 118.4K
CVO On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 11:57 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

cenveo inc (CVO) Snapshot

Open
$1.70
Previous Close
$1.72
Day High
$1.72
Day Low
$1.62
52 Week High
09/2/14 - $3.10
52 Week Low
11/10/14 - $1.39
Market Cap
114.7M
Average Volume 10 Days
251.3K
EPS TTM
$-0.29
Shares Outstanding
67.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CENVEO INC (CVO)

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cenveo inc (CVO) Details

Cenveo, Inc. provides print related products in the United States and internationally. It operates through three segments: Envelope, Print, and Label and Packaging. The Envelope segment offers direct mail products and transactional envelopes for billing and remittance used in financial institutions, insurance companies, and telecommunications companies; and specialty and stock envelopes for the office product markets and office product superstores. The Print segment provides print products comprising car brochures, annual reports, direct mail products, advertising literature, corporate identity materials, and brand marketing materials; and content management services, such as editing, content processing, content management, electronic peer review, production, distribution, and reprint marketing services. This segment primarily serves customers in consumer products, automotive, travel and leisure, and telecommunications industries. The Label and Packaging segment offers custom labels for manufacturing, warehousing, packaging, food and beverage, and health and beauty industries; direct mail and overnight packaging labels, food and beverage labels, and shelf and scale labels for national and regional customers; pressure-sensitive prescription labels for the retail pharmacy chain market; and promotional packaging products, including folded carton and full body shrink sleeves. This segment serves pharmaceutical, apparel, tobacco, neutraceutical, and other multinational consumer product companies. The company was founded in 1993 and is headquartered in Stamford, Connecticut.

8,100 Employees
Last Reported Date: 02/18/15
Founded in 1993

cenveo inc (CVO) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.5M
President, Director and Member of Executive C...
Total Annual Compensation: $750.0K
Chief Financial Officer
Total Annual Compensation: $452.8K
Chief Operating Officer
Total Annual Compensation: $778.8K
Senior Vice President of Legal Affairs
Total Annual Compensation: $230.0K
Compensation as of Fiscal Year 2014.

cenveo inc (CVO) Key Developments

Cenveo Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 27, 2015; Reaffirms Earnings Guidance for the Year 2015

Cenveo Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 27, 2015. For the quarter, the company generated net sales of $460.9 million compared to $479.4 million for the same period last year, a decline of 3.9%. Operating income was $23.2 million compared to operating income of $13.3 million for the same period last year, an improvement of 74.0%. Non-GAAP operating income was $27.7 million compared to $25.5 million for the same period last year. The company had a loss from continuing operations of $2.4 million, or $0.04 per diluted share, compared to a loss of $39.3 million, or $0.59 per diluted share, for the same period last year. Non-GAAP income from continuing operations was $2.7 million, or $0.03 per diluted share compared to non-GAAP loss from continuing operations of $1.8 million, or $0.03 per diluted share, for the same period last year. Adjusted EBITDA was $42,143,000 compared to $42,113,000 a year ago. Loss from continuing operations before income taxes was $2,522,000 compared to $40,011,000 a year ago. Cash provided by continuing operating activities was $5.8 million in the second quarter of 2015 compared to a use of cash of $22 million in the prior year. The significant change in the cash flow from the prior year is primarily attributable to the change in the cash interest paid that it just discussed a few minutes ago. Cash flows relating to investing activities for the second quarter primarily or only reflect its net capital expenditures of $6.8 million. For the six months, the company generated net sales of $936.0 million compared to $969.5 million for the same period last year, a decline of 3.5%. The decline in net sales is attributable to the consolidation of several envelope facilities during the second half of 2014 in connection with the accelerated integration of the National Envelope assets with existing operations and two new envelope facilities and continued pricing pressure in print business. Operating income was $41.4 million compared to operating income of $23.4 million for the same period last year, an improvement of 76.9%. Non-GAAP operating income was $51.5 million for the six months ended June 27, 2015, compared to $45.7 million for the same period last year. The company had a loss from continuing operations of $10.1 million, or $0.15 per diluted share, compared to a loss of $56.1 million, or $0.84 per diluted share, for the same period last year. The improvement was primarily due to a $26.5 million debt extinguishment charge in the prior year in connection with the debt refinancing that was completed in June 2014, as well as the significant margin improvement and operating efficiencies resulting from the National Envelope integration. Non-GAAP loss from continuing operations was $0.1 million, or $0.00 per diluted share, compared to a loss of $9.6 million, or $0.14 per diluted share, for the same period last year. Adjusted EBITDA was $80.8 million, compared to $78.9 million for the same period last year. Cash flow used in operating activities of continuing operations for the six months ended June 27, 2015 was $1.6 million, compared to a use of cash of $25.4 million for the same period last year. This improvement was primarily driven by cost reductions and efficiencies resulting from the completion of the accelerated integration of the National Envelope assets with existing operations and two new facilities, the timing of interest payments on long-term debt, and lower contributions to post-retirement plans versus the prior period. Loss from continuing operations before income taxes was $10,235,000 compared to $57,358,000 a year ago. Net cash used in operating activities was $1,629,000 compared to $27,114,000 a year ago. Capital expenditures were $13,703,000 compared to $16,777,000 a year ago. The company reaffirmed earnings guidance for the year 2015. The company continues to expect net CapEx for the year to be in line with its previous guidance of $20 million to $25 million. The company believes that 2015 will be a much stronger year for cash flow generation for the company.

Cenveo To Sell Assets

Cenveo Inc. (NYSE:CVO) is moving forward with their plan to review and potentially divest certain non-strategic assets. The company has received multiple non-binding indications of interest for these assets and is currently evaluating them.

Cenveo Inc. to Report Q2, 2015 Results on Jul 22, 2015

Cenveo Inc. announced that they will report Q2, 2015 results at 5:00 PM, Central Standard Time on Jul 22, 2015

 

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