LSC Communications, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company's net sales were $929 million against $821 million a year ago. Loss from operations was $6 million compared to income of $7 million a year ago. Loss before income taxes was $15 million compared to income of $1 million a year ago. Net loss was $11 million or $0.32 per basic and diluted share against $1 million or $0.02 per basic and diluted share a year ago. Non-GAAP adjusted EBITDA was $53 million against $65 million a year ago. Non-GAAP net loss was $4 million or $0.11 per diluted share against income of $4 million or $0.14 per diluted share a year ago. Net cash used in operating activities was $24 million compared to net cash provided by operating activities of $64 million a year ago. Capital expenditures were $20 million compared to $21 million a year ago. The decrease in non-GAAP adjusted EBITDA margin was primarily due to sales mix, pricing pressure and the impact of lower margins related to recent acquisitions partially offset by on-going productivity and cost control initiatives.

The company re-affirmed earnings guidance for the full year 2018. For the period, the company expects net sales to be in the range of $3.8 billion to $3.9 billion. Non-GAAP adjusted EBITDA expected to be in the range of $320 to $360 million. Depreciation and amortization expected to be in the range of $135 to $145 million. Interest expense expected to be in the range of $72 to $76 million. Non-GAAP effective tax rate expected to be in the range of 25% to 29%. Capital expenditures expected to be in the range of $65 to $75 million. Free cash flow expected to be in the range of $120 to $160 million.

For the quarter, the company reported impairment reduction of $1 million.