Quad/Graphics Financials in Line With Expectations

The company said that adjusted EBITDA decline reflects ongoing industry volume and pricing pressures, as well as $3 million in favorable gains in 2013 that did not repeat in 2014 primarily related to a gain on the sale of the company’s business in Recife, Brazil.

“Our first quarter results were in-line with our expectations,” said Joel Quadracci, Quad/Graphics chairman, president and CEO. “We continue to focus on ways to grow market share and remain disciplined in our approach to improve productivity and create sustainable cost reduction initiatives; maintain a strong and flexible balance sheet; invest in our business; and pursue value-driven consolidation opportunities like Brown Printing. This acquisition is consistent with our ongoing strategy to transform Quad/Graphics and create value for our clients and shareholders.