Quad reported earnings for the first quarter ended March 31, 2020, with net sales from continuing operations — which excludes the book printing business that has been up for sale for over six months — of $822.5 million, down from $961 million last year, or 14.4 percent. The declines largely reflect “ongoing print industry volume and pricing pressures, including the initial impact from COVID-19 pandemic.” Adjusted EBITDA for the quarter was $75.4 million, down from $78.4 million. The book printing business showed a net loss of $(8.6) million for the quarter, compared to a loss of $(12.7) million a year […]
