Cenveo reports 1st-quarter loss widens from year-ago period helped by big 1-time gain

Cenveo 1Q loss widens from 2009 1Q helped by gain

STAMFORD, Conn. — Commercial printing company Cenveo Inc. said Wednesday that its first-quarter loss widened compared with a year-ago quarter boosted by a large gain from debt retirement.

For the quarter ended April 3, Cenveo reported a loss of $11.1 million, or 18 cents per share, compared with a loss of $4.3 million, or 8 cents per share, in the year-ago quarter.

The most recent quarter included a $2.6 million loss for retiring debt early, while the year-ago quarter included a corresponding gain of $17.6 million.

When excluding one-time items, Cenveo’s loss from continuing operations totaled a penny per share, compared with a loss of 15 cents per share in the same period last year.

Revenue climbed 10 percent to $453.9 million, helped mostly by revenue from Cenveo’s purchase last year of specialty paper and label maker Nashua Corp.

Cenveo shares rose 9 cents to close at $7.97.