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Delivers results in line with company expectations and reaffirms full-year 2023 financial guidance.
August 3, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
Quad/Graphics, Inc. reported results for the second quarter ended June 30, 2023. Net sales were $703 million in the second quarter of 2023, a decrease of 7% compared to the same period in 2022 primarily due to lower paper and print sales, as well as the 2022 divestiture of the company’s Argentina print operations. Net loss was $6 million in the second quarter of 2023 compared to net earnings of $5 million in the second quarter of 2022. The decrease is primarily due to lower sales, higher ...
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