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Quad/Graphics Announces 4Q, Full Year 2015 Results

Generated $4.7 billion in net sales, $215 million in free cash flow for 2015.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Quad/Graphics, Inc. reported fourth quarter and full-year 2015 results. Net sales for the fourth quarter 2015 were $1.3 billion, down 6% from the same period in 2014. Fourth quarter 2015 Adjusted EBITDA was $154 million compared to $183 million for the same period in 2014, and Adjusted EBITDA margin was 11.5% compared to 12.8%. The decline on the top-line and Adjusted EBITDA margin variance primarily reflects the impacts of ongoing pricing and volume pressures. For full-year 2015, net sale...

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