• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Top Companies
    • Printing Inks
    • Raw Materials
    • Equipment
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Exclusives
  • Top Companies
  • Printing Inks
  • Raw Materials
  • Equipment
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    eBook
    Top Features
    The Inkjet Ink Market in 2023

    The Pigment Market Continues to Grow in 2023

    TSCA and the Ink Industry

    Mike Oberski Receives NAPIM’s TAM Service Award

    Sustainability and Raw Materials
    Breaking News
    Distributor News
    Financial News
    Industry News
    Ink Manufacturers News
    Market Research
    Mergers and Acquisitions
    New Products
    Personnel
    Price Increases
    Printers News
    Suppliers News
    Live From Shows
    Video Bites
    Top News
    Weekly Recap: Sustainability and Pigments, TSCA and Raw Materials Top This Week’s Stories

    Roland DGA Announces Major Expansion of TrueVIS Printer Family

    Neos Expands Production Capacity, European Market Presence

    Celanese Launches Nine New Conductive Inks for Consumer Applications

    Crown Wins Multiple Awards for Innovative Designs Across Global Competitions
    Whitepapers
    Glossary
    Top North American Companies
    Top International Companies
    Conductive Inks and Printed Electronics
    Graphic Arts Coatings
    Inkjet Inks and Toners
    Marking and Pad Printing Inks
    News Inks
    Packaging Flexo Inks
    Packaging Gravure Inks
    Publication Gravure Inks
    Publication Offset Inks
    Screen Inks
    Sheetfed Inks
    Specialty Inks
    UV and EB Inks

    Roland DGA Announces Major Expansion of TrueVIS Printer Family

    Neos Expands Production Capacity, European Market Presence

    Celanese Launches Nine New Conductive Inks for Consumer Applications

    Crown Wins Multiple Awards for Innovative Designs Across Global Competitions

    Xerox Releases 4Q, Full-Year 2022 Results
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    Full Program for BIG IDEAS for UV+EB Technology 2023 Announced

    The Pigment Market Continues to Grow in 2023

    Eco Friendly PTFE Alternatives For Printing Inks

    Pigments and Sustainability in the Ink Industry

    BASF’s Monomers Division Announces Sustainability Roadmap
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    Full Program for BIG IDEAS for UV+EB Technology 2023 Announced

    The 2023 Ink Equipment Report

    RadTech Announces New President, President-Elect and Board Members

    ROSS Highlights FDA-3500 Dual Shaft Mixer

    X-Rite Announces New Ci7830 and Ci7630 Reflectance Benchtop Spectrophotometers
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    ALVAR Inc. /ALVAR Resins, Inc

    ChromaScape LLC

    Microtrac MRB, part of Verder Scientific

    Shamrock Technologies, Inc.

    Munzing
    Industry Events
    Live from Show Event
    Webinars
    Top Events
    Eastern Coatings Show 2023
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directory
      • Buyers Guide
      • Distributor Guide
      • European Ink Directory
      • U.S. Ink Directory
      • Trade Associations
    • Printing Inks
      • Conductive Inks and Printed Electronics
      • Graphic Arts Coatings
      • Inkjet Inks and Toners
      • Marking and Pad Printing Inks
      • News Inks
      • Packaging Flexo Inks
      • Packaging Gravure Inks
      • Publication Gravure Inks
      • Publication Offset Inks
      • Screen Inks
      • Sheetfed Inks
      • Specialty Inks
      • UV and EB Inks
    • Raw Materials
      • Additives
      • Energy-Curable Materials
      • Flushed Colors and Pigments
      • Metallics and Special Effects Pigments
      • Resins
      • Vehicles and Varnishes
      • Waxes
    • Equipment
      • Energy-Curing Equipment
      • Mills and Mixers
      • Testing, Color and QC
    • Top Companies
      • Top North American Companies
      • Top International Companies
    • Glossary
    • Online Exclusives
    • Slideshows
    • Expert's Opinion
    • Videos
    • Podcasts
    • eBook
    • Blog
    • Infographics
    • Whitepapers
    • Jobs
    • Supplier Microsites
      • Companies
      • Literature / Brochures
      • Whitepapers
      • Product Spec Sheets
      • Videos
      • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Quad/Graphics Reports 4Q, Full Year 2016 Results

    Net sales for 2016, were $4.3 billion, a 5.8% decrease from 2015, with free cash flow of $246 million.

    Related CONTENT
    • HP Inc. Reports Fiscal 3Q 2021 Results
    • WestRock Reports Record Net Sales in Fiscal 3Q 2021
    • Heidelberg Starts New Financial Year with High Order Volume, Improved Profitability
    • Quad Reports Second Quarter, Year-to-Date 2021 Results
    • Ingevity Reports 2Q 2021 Financial Results
    02.22.17
    Quad/Graphics, Inc. reported fourth quarter and full-year 2016 results.
     
    Net sales for the three months ended Dec. 31, 2016, were $1.2 billion, an 8.8% decrease from the three months ended Dec. 31, 2015. Organic sales decreased 6.3% due to ongoing industry volume and pricing pressures, after excluding foreign exchange (-0.3% impact) and pass-through paper sales (-2.2%).
     
    Net sales for the year ended Dec. 31, 2016, were $4.3 billion, a 5.8% decrease from the year ended Dec. 31, 2015. Organic sales declined 4.5% due to ongoing industry volume and pricing pressures, after excluding acquisitions (1.4% impact), foreign exchange (-0.6% impact) and pass-through paper sales (-2.1% impact).
     
    “We are pleased with our fourth quarter and full-year 2016 results, which exceeded our expectations and show that we more than accomplished what we set out to achieve at the start of the year,” said Joel Quadracci, Quad/Graphics chairman, president and CEO. “Throughout 2016, we continued to transform both our business and the industry through strategic investment in our assets and through the creation of new and innovative solutions designed to drive greater value for our clients. We also continued to implement sustainable cost reductions and productivity improvements while maintaining our focus on revenue to drive EBITDA enhancement.
     
    “As we look forward to 2017, we plan to continue to take advantage of our unique position in the industry as both a global printer and a marketing services provider,” Quadracci added. “We will leverage our growing BlueSoho integrated marketing agency, as well as our strategic investment in Rise Interactive, to create innovative, end-to-end solutions for our customers that will allow them to improve both the efficiency and effectiveness of their media spend across multiple channels. Further, we will remain diligent in our aggressive management of costs and productivity to hold the line on Adjusted EBITDA margins. This will allow us to meet our goal of being the industry’s high-quality, low-cost producer, and generate strong Free Cash Flow to support value-creating opportunities as part of our company’s ongoing transformation as a global marketing services provider.”
     
    GAAP net earnings improved to $38 million and GAAP diluted earnings per share improved to $0.73 per share during the three months ended Dec. 31, 2016. The improvement in earnings and diluted earnings per share was due to better operating performance from ongoing improvements in manufacturing productivity and labor management, sustainable cost reductions, lower depreciation and amortization expense and lower restructuring and non-cash impairment charges.
     
    Fourth quarter 2016 Adjusted EBITDA decreased $14 million to $140 million compared to $154 million in 2015 due to lower net sales, and Adjusted EBITDA margin remained flat at 11.7% year-over-year due to lower cost of sales and selling, general and administrative expenses driven by enhanced efficiency and sustainable cost reductions.
     
    GAAP net earnings improved to $45 million and GAAP diluted earnings per share improved to $0.90 per share during the year ended Dec. 31, 2016. Full-year 2016 adjusted EBITDA increased $11 million to $480 million compared to $469 million in 2015, and adjusted EBITDA margin increased to 11.1% in 2016 compared to 10.2% for the previous year.
     
    GAAP net cash provided by operating activities was $353 million for the year ended December 31, 2016, an increase of $4 million, or 1%, over 2015. Free cash flow was $246 million compared to $215 million for the previous year. The $31 million, or 14% increase over the prior year was due to lower capital expenditures, increased earnings, and sustainable ongoing improvement in working capital levels.
     
    “Quad/Graphics continues to generate significant free cash flow, which is important to maintaining a strong and flexible balance sheet that supports our disciplined capital deployment strategy,” said Dave Honan, Quad/Graphics EVP and CFO. “Our strong adjusted EBITDA and free cash flow throughout 2016 allowed us to reduce debt by $218 million and improve our year-end debt leverage ratio to 2.36x, which is well within our long-term targeted range of 2.0x to 2.5x.”
    Related Searches
    • Inkjet Inks and Toners
    • quad/graphics
    • sales
    • Publication Offset Inks
    Related Knowledge Center
    • Publication Gravure Inks
    • Inkjet Inks and Toners
    • Publication Offset Inks
    Suggested For You
    HP Inc. Reports Fiscal 3Q 2021 Results HP Inc. Reports Fiscal 3Q 2021 Results
    WestRock Reports Record Net Sales in Fiscal 3Q 2021 WestRock Reports Record Net Sales in Fiscal 3Q 2021
    Heidelberg Starts New Financial Year with High Order Volume, Improved Profitability Heidelberg Starts New Financial Year with High Order Volume, Improved Profitability
    Quad Reports Second Quarter, Year-to-Date 2021 Results Quad Reports Second Quarter, Year-to-Date 2021 Results
    Ingevity Reports 2Q 2021 Financial Results Ingevity Reports 2Q 2021 Financial Results
    3M Reports Second Quarter 2021 Results 3M Reports Second Quarter 2021 Results
    Xerox Releases 2Q 2021 Results Xerox Releases 2Q 2021 Results
    International Paper International Paper
    HP Inc. HP Inc.
    HP Inc. Reports Fiscal 2Q 2021 Results HP Inc. Reports Fiscal 2Q 2021 Results
    DuPont Reports 1Q 2021 Results DuPont Reports 1Q 2021 Results
    Avient Announces Record 1Q 2021 Results Avient Announces Record 1Q 2021 Results
    Quad Reports 1Q 2021 Results Quad Reports 1Q 2021 Results
    The Chemours Company Reports Strong 1Q 2021 Results The Chemours Company Reports Strong 1Q 2021 Results
    International Paper Reports 1Q 2021 Results International Paper Reports 1Q 2021 Results

    Related Breaking News

    • Breaking News | Financial News | Ink Manufacturers News | Inkjet Inks and Toners | Printers News
      HP Inc. Reports Fiscal 3Q 2021 Results

      HP Inc. Reports Fiscal 3Q 2021 Results

      Printing net revenue was $4.9 billion, up 24% year over with a 17.6% operating margin.
      08.30.21

    • Breaking News | Financial News | Printers News | Sheetfed Inks
      WestRock Reports Record Net Sales in Fiscal 3Q 2021

      WestRock Reports Record Net Sales in Fiscal 3Q 2021

      Notes sales of $4.8 billion, 40% increase in net income to $250 million.
      08.05.21

    • Breaking News | Financial News | Inkjet Inks and Toners | Printers News | Publication Offset Inks | Sheetfed Inks | UV and EB Inks
      Heidelberg Starts New Financial Year with High Order Volume, Improved Profitability

      Heidelberg Starts New Financial Year with High Order Volume, Improved Profitability

      Outlook for FY 2021/22: Increased sales of at least €2 billion, improved EBITDA margin of 6% to 7%, and slightly positive net result after taxes.
      08.05.21


    • Breaking News | Financial News | Ink Manufacturers News | Inkjet Inks and Toners | Printers News | Publication Gravure Inks | Publication Offset Inks
      Quad Reports Second Quarter, Year-to-Date 2021 Results

      Quad Reports Second Quarter, Year-to-Date 2021 Results

      Achieves 19% net sales increase from Q2 2020, significantly reduces net debt by $120 million since Dec. 31, 2020.
      08.04.21

    • Breaking News | Financial News | Resins | Suppliers News
      Ingevity Reports 2Q 2021 Financial Results

      Ingevity Reports 2Q 2021 Financial Results

      Net sales of $358.4 million are up 32.4%; net income of $44.3 million rose 119.3%.
      07.29.21

    Loading, Please Wait..
    Trending
    • Electronics For Imaging Names Frank Pennisi As CEO
    • Pulse Roll Label Shares Insights Into Fixed Anilox Printing
    • Xerox Releases 4Q, Full-Year 2022 Results
    • Ink World's Top 20 International Ink Companies Show Growth
    • Celanese Launches Nine New Conductive Inks For Consumer Applications
    Breaking News
    • Weekly Recap: Sustainability and Pigments, TSCA and Raw Materials Top This Week’s Stories
    • Roland DGA Announces Major Expansion of TrueVIS Printer Family
    • Neos Expands Production Capacity, European Market Presence
    • Celanese Launches Nine New Conductive Inks for Consumer Applications
    • Crown Wins Multiple Awards for Innovative Designs Across Global Competitions
    View Breaking News >
    CURRENT ISSUE

    October 2022

    • 2023 Buyers’ Guide
    • Raw Materials in 2022
    • The 2022 Digital Textile Ink Market
    • The Asia Pacific Ink Market Continues to Grow
    • Azelis Mexico Dedicates Innovation Center
    • Kodak Continues to Grow in Digital Printing
    • What's Next in Packaging and Food Contact Materials?
    • Africa’s Pharmaceutical Packaging, Inks Set for Growth
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Nutrasource Rebrands Clinical Trial Site to Apex Trials
    Kerry Sponsors Upcycled Food Foundation Research Fellowship
    Probiotics Supplementation Reduces Complications in Colorectal Cancer Patients
    Coatings World

    Latest Breaking News From Coatings World

    Epoxytec Announces New Website Launch
    Paints and Coatings Market Worth $212B by 2026: MarketsandMarkets
    Axalta Releases Fourth Quarter and Full Year 2022 Results
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    MPO's Most-Read Stories This Week—Jan. 28
    Alleviant Medical Closes $75M Financing Round
    Know Labs Founder Ron Erickson Named CEO
    Contract Pharma

    Latest Breaking News From Contract Pharma

    SK bioscience Introduces New Global Partnership Model for Vaccines
    Merck's KEYTRUDA Wins Expanded Approval in Non-Small Cell Lung Cancer
    Bone Biologics Engages Avania for NB1 Clinical Trial
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    LVMH Reports Record 2022
    Haircare Brand Uncle Funky’s Daughter Announces Retail Expansion
    TRESemmé Introduces New Pro Infusion Collection
    Happi

    Latest Breaking News From Happi

    Good Chemistry Launches New Coffee Fragrance
    Kobo Supports Itiah Angels for Learning
    Fenty Beauty Introduces Show Stopp’r Kit Ahead of Super Bowl LVII
    Ink World

    Latest Breaking News From Ink World

    Weekly Recap: Sustainability and Pigments, TSCA and Raw Materials Top This Week’s Stories
    Roland DGA Announces Major Expansion of TrueVIS Printer Family
    Neos Expands Production Capacity, European Market Presence
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Label industry mourns CCL's Alan Horn, Baldwin focuses on narrow web and more
    Channeled Resources launches blank labels with PET liner
    Infigo partners with Four Pees in Benelux region
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Weekly Recap: Thinx Settles Class Action Lawsuit, Abena, Finess Hygiene Announce Merger & More
    Essity’s Sales Grow
    Thinx to Pay up to $5 million to Settle Class Action Suit
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    ODT's Most-Read Stories This Week—Jan. 28
    Roche, Sysnav Partner on Movement Tracking Tech for Neuromuscular Disorders
    Orthopedic Braces/Support, Casting/Splints Market to Top $12B by 2030
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Weekly Recap: Avery Dennison, CES 2023 and Canatu’s LiDAR Deicing Top This Week’s Stories
    Celanese Launches Nine New Conductive Inks
    NREL Develops Thin, Lightweight Layer for Radiation Barrier for Perovskites in Space

    Copyright © 2023 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login