Quad/Graphics has 139% increase in earnings in ’17

Freeman Staff

Feb. 22, 2018

SUSSEX —Quad/Graphics reported a 47 percent increase in its net earnings for fourth quarter of 2017 and a total increase of 139 percent for the year.

The Sussex-based company released its financial figures Wednesday for the fourth quarter of 2017 and the entire fiscal year. Quad/Graphics had net sales of $1.2 billion for the fourth quarter and $4.1 billion for full-year 2017.

“We are pleased with our fourth quarter and full-year 2017 results, which were inline with our expectations and demonstrate continued execution of our strategic priorities to generate consistent earnings and strong, sustainable free cash flow that further strengthen our balance sheet, provide longterm shareholder value and accelerate our Quad 3.0 transformation,” said Joel Quadracci, Quad/Graphics chairman, president & chief executive officer, in a statement. “We have made great progress with our transformation and will continue to leverage our strong print foundation as part of a much larger and more robust integrated marketing platform.”

Quad/Graphics also reported that its net earnings increased during the fourth quarter of 2017 to $55 million, an $18 million yearover- year increase, despite a 2.8 percent decrease in net sales to $1.2 billion. Organic sales decreased 2.8 percent due to ongoing industry volume and pricing pressures. Net earnings improved for 2017 to $107 million, a $62 million increase from 2016, despite a 4.6 percent decrease in net sales to $4.1 billion. Organic sales decreased 3.5 percent due to ongoing industry volume and pricing pressures after excluding pass-through paper sales.