Quad/Graphics Reports Volume Declines Continued

The company continues to make progress with the Worldcolor integration. “We remain confident in our ability to achieve more than $225 million in synergy savings on an annual run-rate basis within 24 months of the acquisition closing, and we achieved $32 million in incremental synergy savings during the third quarter 2011,” Quadracci said. “Last month we announced the next phase of facility closures in Richmond, VA, and Stillwater, OK, and will continue to identify additional cost-saving opportunities as we move forward with this very large and complex integration.”