Quad/Graphics generates $1.2 billion in sales during third quarter

Freeman Staff

Nov. 6, 2014

SUSSEX - Quad/Graphics, Inc. on Wednesday reported results for its third quarter ending September 30.

For the third quarter of 2014, net sales were $1.2 billion, an increase of 2.5 percent compared to the same period in 2013 due to the Brown Printing acquisition. Third-quarter 2014 Adjusted EBITDA was $151 million as compared to $154 million for the same period in 2013, and Adjusted EBITDA Margin was 12.2 percent as compared to 12.8 percent in 2013, which reflects the impacts of ongoing volume and pricing pressures.

For the first nine months of 2014, net sales were $3.4 billion, consistent with the same period in 2013. Year-to-date Adjusted EBITDA was $360 million versus $379 million for the same period in 2013, and Adjusted EBITDA Margin was 10.5 percent as compared to 11.0 percent in 2013.

“Our third quarter results were in-line with our expectations and we remain on track to achieve our 2014 financial objectives,” said Joel Quadracci, Quad/Graphics chairman, president & CEO.

“We continue to move forward with our disciplined integration of Brown Printing, which includes a strong focus on serving our clients well while improving the efficiency and productivity of our platform to drive future cost savings.”

Quad/Graphics’ quarterly dividend of $0.30 per share will be payable on Dec. 19 to shareholders of record as of Dec. 8.

www.qg.com