Quad/Graphics’ Sales Dip, but Earnings Rebound

The results reflect expected volume and pricing pressures, which were partially offset by continued productivity improvements and incremental synergy savings totaling $25 million during the quarter and $221 million since the Worldcolor acquisition.

“Our performance during the first quarter gave us a solid start to the year,” said Joel Quadracci, Quad/Graphics chairman, president and CEO. “Our results are in line with our expectations and we are pleased with the progress we made on our key priorities to improve productivity, reduce costs, lower our debt and meet our synergy objectives, which enabled us to generate significant Recurring Free Cash Flow and improve upon our already strong credit metrics.”