Quad/Graphics Reports Slight Gains and Declares First Cash Dividend

The company reaffirmed its Adjusted EBITDA guidance for 2011.

“We continue to anticipate full year 2011 Adjusted EBITDA to be slightly in excess of $700 million,” Fowler said. “We believe this number to be achievable, although we have a lot of work ahead of us this year. Our projection remains dependent on the competitive environment in the print market, our ability to manage the costs incurred during ongoing integration activities and the degree to which increasing commodity costs affect our cost structure as well as our customers. We remain confident in our ability to address current business realities while moving the business forward.”