Quad/Graphics (QUAD) Misses Q3 EPS Views; Announces $100M Cost Reduction Program

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Go back to Quad/Graphics (QUAD) Misses Q3 EPS Views; Announces $100M Cost Reduction Program

Quad/Graphics Reports Third Quarter and Year-to-Date September 2015 Results

November 3, 2015 4:30 PM EST

Highlights:

Generated third quarter net sales of $1.2 billion and Adjusted EBITDA of $117 million. Achieved Free Cash Flow of $68 million year-to-date, representing a $106 million increase over prior year. Lowers full-year 2015 guidance for net sales to a range of $4.6 billion to $4.7 billion; Adjusted EBITDA to a range of $430 million to $450 million; and Free Cash Flow to a range of $165 million to $180 million. Announces $100 million cost reduction program. Completed the strategic acquisition of Specialty Finishing, a full-service paperboard folding carton manufacturer, to support transformative growth opportunities... More