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Notes increases in full-year margin and cash flow while reducing debt by $184 million.
February 26, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
Noting the second straight quarter of sequential improvement in net sales since the beginning of the pandemic, Quad/Graphics, Inc. reported results for its fourth quarter and full year ending Dec. 31, 2020. Quad improved its adjusted EBITDA margin to 8.9% in 2020 from 8.5% in 2019 despite print industry volume and pricing pressures and the impact of the COVID-19 pandemic. Delivered cash from operating activities of $190 million and free cash flow of $129 million, increases of $35 million and $...
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