Quad/Graphics Posts Decline in Net Sales, Strengthens Balance Sheet

“In the end, we expect to exceed our original synergy guidance by more than 20 percent, achieving over $275 million of annual savings. Our one-time cost to achieve these synergies will be less than $225 million, well within the expected range of $195 million to $240 million, resulting in a ratio of approximately 80 cents of cost for every dollar of synergy. This represents a significant achievement for the Company and a proud moment for all employees who worked hard to merge these two leading companies together during a time of significant industry transformation and economic challenge,” Quadracci added.