Quad/Graphics CEO says strategic investments paying off

Freeman Staff

August 5, 2015

SUSSEX — Quad/Graphics CEO Joel Quadracci said Wednesday the fiscal results for the company’s second quarter illustrated that the company is continually able to generate value for its shareholders.

During the second quarter, Quad/Graphics achieved free cash flow of $40 million year-to-date, representing a $45 million increase compared to the prior year. Net sales for the second quarter were $1.1 billion, representing a 1.8 percent decrease from the second quarter of 2014.

“Our ability to generate strong free cash flow comes from ongoing strategic investments in our core print platform, including technology, automation and processes that drive productivity and efficiencies,” Quadracci said in a statement. “Our second quarter operating results reflect ongoing industry headwinds, a sluggish advertising environment for publishers and a less than robust retail environment, all of which impacted our sales. As we continue on our transformational journey, we remain committed to helping our clients perform better in today’s rapidly changing world through innovative and integrated solutions that capitalize on print’s ability to connect with other media channels to drive engagement and response while also reducing overall costs."

For the first six months of 2015, net sales were $2.2 billion, representing a 0.7 percent decrease from the first six months of 2014, according to the report. Quad/Graphics next quarterly dividend of $0.30 per share will be payable on Sept. 18, to shareholders of record as of Sept. 7.