STAMFORD, Conn., May 3 -- Robert G. Burton, Chairman and Chief Executive Officer of Cenveo, Inc., stated today that he expects Cenveo's non-GAAP net earnings to be $0.16 to $0.19 per diluted share for the first quarter ended March 31, 2006. This compares to previously released guidance of non-GAAP net earnings of $0.04 per diluted share. Non-GAAP net earnings exclude restructuring and impairment charges and the gain on the sale of non-strategic businesses. A reconciliation of net earnings per diluted share to non-GAAP net earnings per diluted share is presented in the attached table.
Mr. Burton stated:
"Based on the strong performance of all our business units, our continued focus on cost reductions, and our current sales momentum, Cenveo will report substantially improved year over year results for the first quarter. I feel very good about the direction that the company is heading in and the progress it continues to make. I will reserve additional comment on our positive momentum until we release first quarter results on May 10th."
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