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Recorded third quarter net sales of $1.1 billion and increased free cash flow by $134 million to $202 million.
November 4, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
Quad/Graphics, Inc. reported results for its third quarter ending Sept. 30, 2016. Net sales for the three months ended Sept. 30, 2016, were $1.1 billion, a 7.0% decrease from the three months ended Sept. 30, 2015. Organic sales decreased 4.6% due to ongoing industry volume and pricing pressures, after excluding acquisitions (1.0% impact), foreign exchange (-0.5% impact) and pass through paper sales (-2.9% impact). This decrease is consistent with annual guidance of down 4% to 7%. GAAP net ea...
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