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Adjusted EBITDA increased to $120 million and free cash flow increased to $86 million.
May 5, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
Quad/Graphics, Inc. reported results for its first quarter ending March 31, 2016. Net sales for the first quarter 2016 were $1.0 billion, a decrease of 4% due to ongoing volume and pricing pressures. First quarter Adjusted EBITDA was $120 million compared to $103 million for the same period in 2015, and Adjusted EBITDA margin was 11.5% compared to 9.5%. The increase in Adjusted EBITDA and Adjusted EBITDA margin primarily reflect the impact of enhanced operational efficiency from ongoing impro...
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