Quad/Graphics beats 2011 financial performance estimates

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Quad/Graphics Inc., which has a print operation in Evans, reported fourth quarter income of $197 million, compared to $224 million in the fourth quarter of 2010.

For fiscal year 2011, the company reported net sales of $4.67 billion versus net sales of $4.76 billion for the previous year. The company reported Wednesday that its income for the year was $638 million due to stronger fourth quarter performance, beating its own estimate of $625 million.

“We are pleased with our 2011 fourth quarter results, which reflect our ongoing focus on improving productivity and aggressively managing costs, while continuing to pay down debt to strengthen our credit metrics and balance sheet,” said Joel Quadracci, Quad/Graphics Chairman, President & CEO.

On Feb.7, the company, based in Sussex, Wis., received authorization from the Canadian Competition Bureau to proceed with the sale of its Canadian business to Transcontinental, and expects the transaction to close shortly. Quad/Graphics entered into a agreement with Transcontinental in July to swap its Canadian operations for Transcontinental’s Mexican assets.

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pearlthesquirrel
786
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pearlthesquirrel 02/29/12 - 10:31 am
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Interesting. Paragraph
Unpublished

Interesting. Paragraph three: "....aggressively managing costs...." Let me put that into English for you - "We have terminated numerous peoples employment with the company." Let me give you - excuse me - let me give ya'll a free Economics lesson. Please read Democracy For The Few by Michael Parenti - 8th edition or newer. Like I always tell my bro' that works at Kroger - "You make Kroger the money but, the CEO gets the money." And by the way, the CEO of Kroger makes $7.5 million and my bro makes $30k. And just remember one thing.......it's always best to keep your hands away from pearlthesquirrels nuts!

raul
4864
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raul 02/29/12 - 10:55 am
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Pearl, if the CEO of Kroger

Pearl, if the CEO of Kroger did your bro's job he too would make $30K. I wouldn't think that your bro has a very complex job with enormous responsibility, that's the difference.

pearlthesquirrel
786
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pearlthesquirrel 02/29/12 - 11:35 am
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Students, students, students,
Unpublished

Students, students, students, please be quiet - math class is about to begin. Pay attention and take copious notes, will you?
40 hrs. per week x 52 weeks = 2080 hours per year.
$30,000 divided by 2080 hours = $14.42 per hour.
$7,500,000 divided by 2080 hours = $3605.77 per hour.
3605.77 divide by 14.42 = 250.05.
So, the CEO makes 250 times what the "average worker" does at Kroger.
Case closed....the defense rests, your honor.
And one more thing.....to quote David Lee Roth from Van Halen in the song Hot For Teacher from Van Halens 1984 album....................
"Class dismisssssssssed !!!!!"
Lesson learned? It's simple: The amount of pay you recieve is inversely proportional to the amount of work you do!

bdouglas
5008
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bdouglas 02/29/12 - 03:38 pm
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That's a lot of typing to not

That's a lot of typing to not at all prove a point...

Does nothing to refute or change what Raul said.

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