Quad/Graphics (QUAD) Tops Q2 EPS by 18c; Trims FY16 Sales Outlook
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Quad/Graphics Reports Second Quarter and Year-to-Date Results
August 1, 2016 4:27 PM EDTCompany Updates Full-Year 2016 Guidance Based on Improved Earnings and Cash Flow
Recorded second quarter net sales of $1.0Â billion and a GAAP net loss of $8Â million which represents a $37Â million, or 83% improvement in earnings from 2015. Increased second quarter Adjusted EBITDA of $98Â million by $6Â million, or 7%, over 2015. Increased year-to-date GAAP cash flow from operations by $96Â million to $220Â million, and increased Free Cash Flow by $139Â million to $179Â million. Reduced debt by $153Â million, or 11% through six months of 2016, and Debt Leverage Ratio reduced to 2.43x as of June 30, 2016, within the... More