Quad/Graphics Reports Flat Sales, Details Plant Closures

“We are pleased that our strong free cash flow has allowed us to immediately begin reducing debt,” said John Fowler, Executive Vice President & CFO of Quad/Graphics. “In fact, even though we are seasonally in our peak need for working capital and are incurring integration-related costs, we have paid down $44 million in debt since the Worldcolor transaction closed. We expect to continue to have strong cash flow in the fourth quarter, which will result in an increased rate of debt repayment through the end of the year.”