Quad Reveals Plans to Sell $200M Book Printing Platform Amidst Dismal Q3 Report

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Joel Quadracci

Just two days short of a year after Quad Chairman, President, and CEO Joel Quadracci first announced the proposed $1.4 billion, all-stock acquisition of LSC Communications and described it at the time as a “defining moment” in Quad’s 47-year history, the printing industry behemoth is finding itself facing another defining moment as it attempts to further execute its Quad 3.0 transformation strategy.

On Oct. 29, Quad reported a third quarter 2019 net loss; cut its quarterly shareholder dividend payout in half (from 30 cents to 15 cents per share); lowered its full-year guidance; announced an additional $50 million cost reduction initiative; and revealed plans to sell its U.S.



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