Quad Graphics today reported results for its second quarter and year-to-date ending June 30, 2012.
Highlights:
-- Generates second quarter net sales of $934 million.
-- Achieves second quarter Adjusted EBITDA of $112 million and Adjusted EBITDA margin of 12.0%, as compared to 11.9% in 2011.
-- Creates $60 million in second quarter Recurring Free Cash Flow and $167 million year-to-date.
-- Repays $42 million in debt during the quarter and $132 million year-to-date.
-- Completes integration of Worldcolor and confirms annual synergy savings of more than $275 million, exceeding original guidance of $225 million.
