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Cenveo Inc. Message Board

  • webmagic49 webmagic49 Nov 8, 2013 8:51 AM Flag

    New Excuse, this is a first!

    This is so funny! What is pre-fire throughput levels!

    And I quote, "Our packaging facility, which experienced the press fire earlier this year, finally achieved similar pre-fire throughput levels during September as well."

    And how dismal is this?

    And I quote. "Operating income was $16.5 million for the three months ended September 28, 2013, compared to $32.3 million for the same period last year. Non-GAAP operating income was $28.8 million for the three months ended September 28, 2013, compared to $39.6 million for the same period last year. Operating income was $45.0 million for the nine months ended September 28, 2013, compared to $69.5 million for the same period last year. Non-GAAP operating income was $69.5 million for the nine months ended September 28, 2013, compared to $101.5 million for the same period last year. The decrease in operating income in both periods was primarily due to lower average selling prices and higher input costs within our envelope and commercial printing operations, and acquisition costs related to National Envelope. A reconciliation of operating income to non-GAAP operating income is presented in the attached tables."

    A 30% YOY and a 50% Q3 reduction in Operating Income! Bob, step down while there is at least a crumb left. Or, promote your sons, give David #$%$ another raise, close 4 plants, reduce headcount, shutter the National Corp HQ, eliminate all duplication and slash all the sales people's income. This should gain you a little in 2014. I know this is coming since you want all the right-offs in 2013.

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