re: QUAD! Great turn around!

- reported fourth-quarter net income of $7.5 million, after reporting a loss in the same period a year earlier.

- Exceeded revised 2019 guidance for net sales, Adjusted EBITDA and Free Cash Flow.

- Reduced Debt Leverage Ratio to 3.1x in the fourth quarter.

- Expands cost reduction program to $100 million, to be fully realized in 2020.

- Divested Omaha, Neb., packaging plant for $41 million as part of ongoing efforts to optimize its product portfolio.

sold dead weight.

quote:

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Quad/Graphics, Inc. (NYSE: QUAD) ("Quad" or the "Company"), a leading marketing solutions partner, announced today that it has reached a definitive agreement to sell its Omaha packaging plant for $40 million to Graphic Packaging International (NYSE: GPK ) ("Graphic Packaging"), a leading provider of packaging solutions to food, beverage, foodservice, and other consumer products companies. The transaction is expected to close on or about January 31, 2020, and Quad will use proceeds from the sale to reduce debt.

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