Quad/Graphics Reports Flat Sales, Details Plant Closures

• Quick implementation of integration plans including the expected closure of six North American printing plants by year end, impacting approximately 2,400 positions.

“Our results in the third quarter were in line with our expectations,” said Joel Quadracci, Chairman, President & CEO of Quad/Graphics. “Revenues were down slightly vs. the pro forma $1.24 billion due to lower volumes in the legacy Worldcolor business, contractual pricing inherited from legacy Worldcolor and continued pricing pressures from industry overcapacity. This was partially offset by increased volumes in the legacy Quad/Graphics business, as well as increases in paper and byproduct revenues.