03.13.17
1951 Constitution Ave. Hartford, WI 53027
Phone: (262) 673-1400
Fax: (262) 673-1459
www.qg.com
Sales: $250 million (Ink World estimate).
Major Products: Offset, gravure, inkjet and specialty inks.
Key Personnel: Joel Quadracci, chairman, president and CEO of Quad/Graphics; John Fowler, vice chairman and EVP; Tom Frankowski, COO and president of Quad/Graphics Europe; Dave Blais, EVP of global procurement and platform strategy; Dave Honan, EVP and CFO; Jim Mercier, executive director of CR/T; Sunil Rao, technical director, CR/T.
Number of Employees: Approximately 100 (Ink World estimate) in CR/T.
Operating Facilities: Lomira, WI; Oklahoma City, OK; Martinsburg, WV; Greenfield, IA; Hartford, WI; Wyszków, Poland.
Comments: Quad/Graphics, Sussex, WI, is the second largest publication printer worldwide. Quad/Graphics is a global provider of print and related multichannel solutions for consumer magazines, special interest publications, catalogs, retail inserts and circulars, direct mail products, books and directories. The company employs more than 25,000 employees and operates more than 70 print-production facilities worldwide.
In 2015, the company reported net sales of $4.7 billion in 2015, which had declined from $4.9 billion in 2014. Free cash flow was $215 million in 2015 vs. $154 million in 2014.
Quad/Graphics’ net sales for the nine months ended Sept. 30, 2016, were $3.1 billion, down 4.6% decrease from the nine months ended Sept. 30, 2015. Organic sales decreased 3.7% due to ongoing industry volume and pricing pressures. However, the nine-month adjusted EBITDA increased $26 million to $340 million, and adjusted EBITDA margin rose to 10.9% as compared to 9.6%. Free cash flow was $202 million for the first nine months of 2016, compared to $68 million in the first nine months of 2015.
“Our operational efficiency and cost reduction programs have propelled us to stronger earnings and cash flow generation during the first nine months of 2016,” said Dave Honan, EVP and CFO. “We’ve used the strong cash flow to reduce debt by $346 million, or 23%, since peak debt levels at Sept. 30, 2015. The debt reduction, combined with increased earnings, resulted in a significant reduction of the debt leverage ratio from 3.07x at Sept. 30, 2015, to 2.37x at Sept. 30, 2016.”
Quad/Graphics produces most of the inks it uses through its subsidiary, Chemical Research/Technology (CR/T). Founded in 1982, CR/T produces high-quality offset and gravure inks, as well as inkjet inks and specialty products such as security inks.
Phone: (262) 673-1400
Fax: (262) 673-1459
www.qg.com
Sales: $250 million (Ink World estimate).
Major Products: Offset, gravure, inkjet and specialty inks.
Key Personnel: Joel Quadracci, chairman, president and CEO of Quad/Graphics; John Fowler, vice chairman and EVP; Tom Frankowski, COO and president of Quad/Graphics Europe; Dave Blais, EVP of global procurement and platform strategy; Dave Honan, EVP and CFO; Jim Mercier, executive director of CR/T; Sunil Rao, technical director, CR/T.
Number of Employees: Approximately 100 (Ink World estimate) in CR/T.
Operating Facilities: Lomira, WI; Oklahoma City, OK; Martinsburg, WV; Greenfield, IA; Hartford, WI; Wyszków, Poland.
Comments: Quad/Graphics, Sussex, WI, is the second largest publication printer worldwide. Quad/Graphics is a global provider of print and related multichannel solutions for consumer magazines, special interest publications, catalogs, retail inserts and circulars, direct mail products, books and directories. The company employs more than 25,000 employees and operates more than 70 print-production facilities worldwide.
In 2015, the company reported net sales of $4.7 billion in 2015, which had declined from $4.9 billion in 2014. Free cash flow was $215 million in 2015 vs. $154 million in 2014.
Quad/Graphics’ net sales for the nine months ended Sept. 30, 2016, were $3.1 billion, down 4.6% decrease from the nine months ended Sept. 30, 2015. Organic sales decreased 3.7% due to ongoing industry volume and pricing pressures. However, the nine-month adjusted EBITDA increased $26 million to $340 million, and adjusted EBITDA margin rose to 10.9% as compared to 9.6%. Free cash flow was $202 million for the first nine months of 2016, compared to $68 million in the first nine months of 2015.
“Our operational efficiency and cost reduction programs have propelled us to stronger earnings and cash flow generation during the first nine months of 2016,” said Dave Honan, EVP and CFO. “We’ve used the strong cash flow to reduce debt by $346 million, or 23%, since peak debt levels at Sept. 30, 2015. The debt reduction, combined with increased earnings, resulted in a significant reduction of the debt leverage ratio from 3.07x at Sept. 30, 2015, to 2.37x at Sept. 30, 2016.”
Quad/Graphics produces most of the inks it uses through its subsidiary, Chemical Research/Technology (CR/T). Founded in 1982, CR/T produces high-quality offset and gravure inks, as well as inkjet inks and specialty products such as security inks.