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Quad/Graphics’ book business generates annual sales of $200 million.
November 4, 2019
By: DAVID SAVASTANO
Editor, Ink World Magazine
Quad/Graphics, Inc. reported results for its third quarter ending Sept. 30, 2019. The company announced key actions to accelerate its transformation, including plans to divest its book business that generates annual sales of $200 million as part of ongoing portfolio optimization. It is also expanding its cost reduction program to $50 million in annual savings. The company reset its quarterly dividend to $0.15 per share to provide additional financial flexibility to continue to scale its Quad 3...
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