Quad/Graphics, Inc. : Quad/Graphics Renews OfficeMax Retail Insert and Catalog Work, and Adds Direct Mail With New Agreement
05/03/2012| 11:05am US/Eastern
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Additional Logistics Services and In-Store Signage Also Part of Growing
Partnership
Quad/Graphics, Inc. (NYSE:QUAD) has renewed its exclusive retail insert
and catalog printing business with OfficeMax Incorporated and added
significant direct mail volume for the leading office supply retailer in
a new multiyear agreement. With additional related freight logistics and
in-store signage business, total revenues from the long-time
Quad/Graphics customer are expected to grow approximately 20 percent
versus prior year levels.
"We have printed OfficeMax catalogs for more than 20 years and that has
given us a solid foundation to expand our services for this leading
retailer," said Joel Quadracci, Chairman, President & CEO of
Quad/Graphics. "Adding direct mail gives us another way to grow our
marketing solutions partnership with this important client and reflects
our commitment to serving our customers in more ways to deliver even
greater value to their businesses."
About Quad/Graphics
Quad/Graphics (NYSE: QUAD) is a global provider of print and related
multichannel solutions for consumer magazines, special interest
publications, catalogs, retail inserts/circulars, direct mail, books,
directories, and commercial and specialty products, including in-store
signage. Headquartered in Sussex, Wis. (just west of Milwaukee), the
company has approximately 22,000 full-time equivalent employees working
from more than 50 print-production facilities as well as other support
locations throughout North America, Latin America and Europe. As a
printing industry innovator, Quad/Graphics (www.QG.com)
is redefining the power of print in today's multimedia world by helping
its clients use print as the foundation of multichannel communications
strategies to drive their top-line revenues.
Notes Regarding Quad/Graphics Inc. Forward-Looking Statements
To the extent any statements in this press release contain information
that is not historical, these statements are forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended. These forward-looking statements relate to, among
other things, the objectives, goals, strategies, beliefs, intentions,
plans, estimates, prospects, projections and outlook of Quad/Graphics,
Inc. (the "Company" or "Quad/Graphics"), and can generally be identified
by the use of words such as "may", "will", "expect", "intend",
"estimate", "anticipate", "plan", "foresee", "believe" or "continue" or
the negatives of these terms, variations on them and other similar
expressions. In addition, any statements that refer to expectations,
projections or other characterizations of future events or circumstances
are forward-looking statements.
These forward-looking statements are not guarantees of future
performance and are subject to risks, uncertainties and other factors,
some of which are beyond the control of the Company. These risks,
uncertainties and other factors could cause actual results to differ
materially from those expressed or implied by those forward-looking
statements. Among risks, uncertainties and other factors that may impact
Quad/Graphics are those described in Item 1A of the company's most
recent Form 10-K and the following: the impact of significant
overcapacity in the highly competitive commercial printing industry,
which creates downward pricing pressure and fluctuating demand for
printing services; the potential inability of the Company to reduce
costs and improve operating efficiency rapidly enough to meet market
conditions; the impact of electronic media and similar technological
changes; the impact of changing future economic conditions; the
potential failure to renew long-term contracts with customers, the
renewal of those contracts under different terms, or customer
nonperformance in accordance with the terms and for the duration of
long-term contracts; significant capital expenditures may be needed to
maintain the Company's platform and processes and to remain
technologically and economically competitive; the impact of fluctuations
in costs (including labor-related costs, energy costs, freight rates and
raw materials) and the impact of fluctuations in the availability of raw
materials; the impact of regulatory matters and legislative developments
or changes in laws, including changes in environmental and privacy laws
and postal rates, regulations and services; the impact on Quad/Graphics
class A common shareholders of a limited active market for Quad/Graphics
common stock and the inability to independently elect directors or
control decisions due to the class B common stock voting rights; an
other than temporary decline in operating results and enterprise value
that could lead to non-cash impairment charges due to the impairment of
goodwill, other intangible assets and property, plant and equipment; the
liabilities of Worldcolor with respect to pension and postretirement
benefits could grow in the future and create additional costs;
restrictions imposed by various covenants in the Company's debt
facilities may affect the Company's ability to operate its business;
failure to successfully integrate the operations of Quad/Graphics and
Worldcolor; risks associated with the Company's operations outside of
the United States; and the inability to retain and attract additional,
key employees, or the adverse effects of any strikes or other labor
protests.
Quad/Graphics cautions that the foregoing list of risks, uncertainties
and other factors is not exhaustive and you should carefully consider
the other factors detailed from time to time in Quad/Graphics' filings
with the United States Securities and Exchange Commission and other
uncertainties and potential events when reviewing the Company's
forward-looking statements.
Because forward-looking statements are subject to assumptions and
uncertainties, actual results may differ materially from those expressed
or implied by such forward-looking statements. You are cautioned not to
place undue reliance on such statements, which speak only as of the date
of this press release. Except to the extent required by the federal
securities laws, Quad/Graphics undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
Media Contact:
Quad/Graphics
Claire Ho, 414-566-2955
Claire.Ho@qg.com
or
Investor
Relations Contact:
Quad/Graphics
Kelly Vanderboom,
414-566-2464
Kelly.Vanderboom@qg.com
© Business Wire 2012
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