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Strong cash flows reduce net debt by $410 million or 40% over the past two years and achieve net debt leverage of 2.5x.
February 23, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
Quad/Graphics, Inc. reported results for the fourth quarter and full year ended Dec. 31, 2021. Quad increased net sales 1% (3% excluding divestitures) in 2021, driven by higher print volumes, including print segment share gains from new clients, growth in Agency Solutions net sales, and increased pricing in response to inflationary cost pressures. The company reported $137 million of net cash from operating activities and free cash flow of $87 million in 2021, while divesting non-core asse...
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