Quad announced Q4 2019 earnings February 18, with net sales of $1.1 billion, down 4.9 percent from a year ago–or 5.9 percent excluding sales from the Periscope acquisition. Adjusted EBITDA was also down, to $96 million from $118 million in 2018. Previously announced plans to sell the increasingly unprofitable book printing business are “progressing as expected,” according to ceo Joel Quadracci. That business is reported as discontinued operations, and that segment recorded a $100 million loss for 2019, though it was just above break-even in the fourth quarter. Assets are listed at $56.5 million. “In 2020, we will continue to […]
