Troubled printer LSC Communications announced second quarter results on Thursday morning, with net sales of $869 million, down 7.8 percent from $943 million in the same period last year. As expected, they had a net loss of $24 million, which included after-tax charges of $26 million, “primarily due to the impairment of intangible assets in the magazines, catalogs and logistics segment and other restructuring costs.” With the planned Quad exit door slammed shut, ceo Thomas J. Quinlan III is now proceeding with a two-part plan to improve margins and free cash flow, and lower debt: First, using consultants to poll […]
