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Strong operating performance drives increases in margin and free cash flow, enabling further debt reduction.
May 6, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
Quad/Graphics, Inc. reported that it achieved its third consecutive quarter of improvement in net sales decline rate since the height of the pandemic in its results for the first quarter of 2021. Quad increased cash from operating activities to $73 million and free cash flow to $56 million, up from $45 million and $16 million in 2020, respectively. This allowed the company to reduce its net debt by $61 million during the first quarter and improved the its debt leverage ratio to 3.24x at March 3...
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