Quad/Graphics Reports a Small Net Sales Decline

“We knew that the comparisons to second quarter 2010 were going to be difficult due to temporary cost reduction activities initiated by Worldcolor primarily during its bankruptcy. As a result, a decline this quarter from 2010 was expected,” said Joel Quadracci, chairman, president and CEO.

“The company experienced net sales declines in our book segment and continuing headwinds from industry pricing pressures. Operationally, we continued to experience temporary frictional costs resulting from the continued rapid ramp-up of facilities receiving work from those undergoing consolidation. Despite the headwinds we face, we are confident in our ability to manage short-term challenges and believe we are well-positioned for long-term success.”

Quad continues to make progress on the Worldcolor integration