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Company uses cash generation to invest in integrated marketing platform, strengthen balance sheet through debt reduction.
November 2, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
Quad/Graphics, Inc. reported results for the third quarter ended Sept. 30, 2023. Net sales were $700 million in the third quarter of 2023, a decrease of 16% compared to the same period in 2022 primarily due to lower print, paper and logistics sales, as well as the 2022 divestiture of the company’s Argentina print operations. Net loss was $3 million in the third quarter of 2023 compared to net earnings of $14 million in the third quarter of 2022. Net sales were $2.2 billion in the nine mont...
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