Sussex-based Quad/Graphics Inc. reported third quarter net earnings of $24.4 million, or 50 cents per share, up from $12.6 million, or 26 cents per share, in the third quarter of 2013.
Revenue at the printing company was $1.2 billion, flat from the third quarter a year ago.
Quad attributed the increase to the acquisition of Brown Printing, which was completed on May 30.
“Our third quarter results were in-line with our expectations and we remain on track to achieve our 2014 financial objectives,” said Joel Quadracci, Quad/Graphics chairman, president and chief executive officer. “We continue to move forward with our disciplined integration of Brown Printing, which includes a strong focus on serving our clients well while improving the efficiency and productivity of our platform to drive future cost savings. As always, we are committed to our priorities to maintain a strong and flexible balance sheet, invest in our business, pursue profitable investment opportunities, and create long-term value for our shareholders and clients.”
