Quad/Graphics reports increased earnings in 3Q

Freeman Staff

Nov. 1, 2017

SUSSEX — Quad/Graphics, Inc. said by executing its company objectives, it has been able to succeed financially in the third quarter.

Net earnings increased during the third quarter of 2017 to $20 million, a $9 million year-over-year increase, despite a 4.8 percent decrease in net sales to $1 billion. Diluted earnings per share for the third quarter of 2017 improved to $0.38 compared to $0.22 in 2016 primarily due to lower depreciation and amortization, and cost reductions and productivity improvement activities. “Our third quarter results were in line with our expectations, reflecting the continued great work our team is doing to sustainably reduce costs, win profitable new work and expand relationships with existing clients,” said Joel Quadracci, chairman, president and CEO of Quad/Graphics, in a statement. “Through our consistent, disciplined approach to managing all aspects of our business, we remain the industry’s high-quality, low-cost producer. Our sales momentum, which includes securing exclusive multi-year, multi-million-dollar contracts with premier publishers, retailers and marketers, will fuel Quad/Graphics’ ongoing strategic transformation to expand our integrated marketing services platform, which helps brand owners improve both process efficiencies and marketing spend effectiveness. In Quad 3.0 we are transforming into a marketing services provider that helps brand owners market their products, services and content more efficiently and effectively. This transformation creates significant value for our clients by addressing their urgent marketing needs.”