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