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Achieved net sales of $2.0 billion, year-to-date cash flow from operations of $112 million.
August 2, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Quad/Graphics, Inc. reported results for its second quarter ending June 30, 2017. Net earnings improved during the second quarter of 2017 to $7 million, a $15 million increase, versus an $8 million net loss in 2016, despite a 6.7% decrease in net sales to $963 million. Organic sales decreased 4.8% due to ongoing industry volume and pricing pressures after excluding pass-through paper sales (-1.7% impact) and foreign exchange (-0.2% impact). Second quarter 2017 non-GAAP adjusted EBITDA de...
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