Quad/Graphics (NYSE: QUAD) reported Q1 EPS of $0.58, $0.13 worse than the analyst estimate of $0.71. Revenue for the quarter came in at $968 million versus the consensus estimate of $983.62 million.

“Our first quarter results were as expected and we remain on track with our 2018 guidance,” said Dave Honan, Quad/Graphics Executive Vice President & Chief Financial Officer. “We ended the first quarter of 2018 with a Debt Leverage Ratio of 2.28x, which includes the impact from the Ivie and Rise investments. Our leverage continues to be well within our long-term targeted range of 2.0x to 2.5x. We believe the strength of our balance sheet gives us the ability to balance our use of capital and provide sufficient opportunity for investment in our Quad 3.0 transformation.”

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