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Achieved year-to-date cash flow from operations of $180 million, in line with company’s guidance.
November 1, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Quad/Graphics, Inc. reported results for its third quarter ending Sept. 30, 2017. Net earnings improved during the third quarter of 2017 to $20 million, a $9 million year-over-year increase, despite a 4.8% decrease in net sales to $1.0 billion. Organic sales decreased 3.7% due to ongoing industry volume and pricing pressures after excluding pass-through paper sales (-1.2% impact) and foreign exchange (+0.1% impact), and is consistent with the company’s previous guidance. Third quarter 20...
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