FCL Graphics Upgrades Two Commercial Web Offset Presses, Sees 50% Reduction in Waste (piworld.com)

Quad/Graphics Inc. has announced the appointment of Josh Golden as Chief Marketing Officer effective July 5, 2021. Golden most recently served as president and publisher of the advertising and marketing trade magazine Ad Age. Golden brings to Quad a unique ability to transform organizations, including Ad Age and before that Xerox and NBC Universal. His experience will position Quad to be more accessible to brands and businesses and help the company grow. “Josh has incredible insight into what keeps marketers up at night and is an advocate of our uncomplicated approach to addressing those challenges,” said Joel Quadracci, Quad Chairman, President and CEO. “The energy and expertise he will bring to our organization is key to highlighting our singular place in the market, where we offer the breadth of service of a massive holding company with the ease of engagement of a specialized agency. We are a formidable force as a marketing solutions partner, and we are excited about the future with Josh as part of our team.”

RRD is an industry leading marketing and business communications company with a well-defined strategy focused on creating long-term stakeholder value. Through the focused execution of its three strategic priorities – to strengthen core performance, drive revenue growth through higher value offerings, and improve financial flexibility – RRD is well positioned for the future. As described in its August 2, 2021 press release, RRD has delivered solid results over the last two years and through Friday, September 24, 2021, has delivered 67.8% in total stockholder return vs. pre-COVID period (assumes February 20, 2020) and has outperformed the average return of Russell 3,000 companies, which delivered a total stockholder return of 37.0% during the same period. Since the spin in 2016, RRD has made strategic investments to drive profitable growth, divested non-core businesses, and proactively improved its balance sheet. In 2020, the Company expanded its technology solutions portfolio and introduced new products that enable its clients to simplify complexity, reduce costs, and enhance the effectiveness of their communications. The Company also invested to increase production capacity in its core growth businesses, including labels and packaging, where RRD has delivered sales growth in each of the last five quarters, including double-digit organic sales growth in the second quarter of 2021. In addition, at the end of 2020, RRD reported its lowest gross and net leverage levels since the spin.

Q4 2023 *Revenue of $1.77 billion, down 9.1 percent year-over-year or down 10.6 percent in constant currency. *GAAP net loss of $(58) million, down $179 million, year-over-year, respectively. This quarter includes an after-tax Restructuring and related costs, net charge of $78 million, related to the recently announced workforce reduction. *Operating cash flow of $389 million, up $203 million year-over-year. FY 2023 *Revenue of $6.89 billion, down 3.1 percent year-over-year, or down 3.3 percent in constant currency. *GAAP net income of $1 million, up $323 million, year-over-year, respectively. 2023 includes a Q4 after-tax Restructuring and related costs, net charge of $78 million, related to the recently announced workforce reduction. 2022 includes an after-tax non-cash goodwill impairment charge of $395 million. *Operating cash flow of $686 million, up $527 million year-over-year.