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Company continues to pay down debt, achieving net debt reduction of $95 million year-to-date and $222 million over the past 12 months.
November 6, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
Quad/Graphics, Inc. reported results for its third quarter ending Sept. 30, 2020. Net sales were $679 million in 2020, down 28% from 2019. Sales declined 26% during the quarter, excluding the impact of the January 2020 sale of the Omaha packaging plant, primarily due to the economic impact from the COVID-19 pandemic, and ongoing print industry volume and pricing pressures. Net earnings from continuing operations increased $50 million from the third quarter of 2019, from a net loss of...
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