Quad/Graphics Reports Slight Gains and Declares First Cash Dividend

To date, the company has announced or completed 10 North American plant closures, including three announced since the beginning of 2011: St. Laurent, Quebec; Mt. Morris, IL; and Buffalo, NY. The impact of these and other restructuring actions will result in the closure of more than five million square feet of manufacturing, warehousing and office space, and a gross reduction of 5,000 employees. Currently, the company has realized a net reduction of approximately 3,300 full-time equivalent employees.