Quad/Graphics (QUAD) Misses Q1 EPS by 12c, Revenues In-Line
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Quad Reports First Quarter 2019 Results
April 30, 2019 4:30 PM EDTConsistent Execution Against Strategic Priorities Drives Increased Net Sales
SUSSEX, Wis.--(BUSINESS WIRE)-- Quad/Graphics, Inc. (NYSE: QUAD) (Quad or the Company) today reported results for its first quarter ending March31, 2019.
First Quarter Highlights
Increased net sales by 3.8% to $1billion primarily driven by the acquisition of Periscope partially offset by a 0.6% organic sales decline, and realized a net loss of $23million, or $0.45 diluted loss per share. Achieved Non-GAAP Adjusted EBITDA of $70million, within the Companys anticipated Q1 2019 guidance range of $65million to... More