Headquartered in Stamford, Connecticut, Cenveo, Inc. announced results for the three months ended March 31, 2012.
The company generated net sales of $455.6 million for the first quarter of 2012, compared to $477.0 million in the first quarter of 2011. The decrease in net sales was primarily due to lower sales in the company’s print and envelope product lines as a result of customer product launches in the first quarter of 2011 that did not repeat in the first quarter of 2012 and lower direct mail volumes from its financial services customers. Cenveo expects the direct mail market to strengthen in the second half of 2012. The company's custom label and specialty packaging products both displayed strong growth relating to customer wins and sales channel expansion.
- People:
- Robert G. Burton, Sr.
- Places:
- Stamford, Connecticut