Quad's Q1 Performance in Line with Expectations

“As expected, our adjusted EBITDA margin was 10.1 percent. This reflects Vertis' lower margin profile; continued pressure on Vertis' margins due to pre-acquisition financial challenges, including its bankruptcy filing; the seasonality of Vertis' business, which has volumes and profitability more heavily weighted in the back half of the year; and ongoing industry pricing pressures,” said John Fowler, Quad/Graphics executive vice president and CFO.