Quad Reports Fourth Quarter and Full-Year 2021 Results
Recent Highlights *Increased Net Sales 1% (3% excluding divestitures) in 2021, driven by higher print volumes, including print segment share gains from new clients, growth in Agency Solutions Net Sales, and increased pricing in response to inflationary cost pressures. *Delivered $38 million of Net Earnings From Continuing Operations in 2021 and Adjusted Diluted Earnings Per Share From Continuing Operations of $0.60 per share in 2021 compared to $0.29 per share in 2020. *Generated $137 million of Net Cash From Operating Activities and Free Cash Flow of $87 million in 2021. *Divested non-core assets, generating $166 million of cash proceeds in 2021. *Reduced Net Debt by $410 million or 40% over the past two years, reaching Debt Leverage of 2.5x.