2021 Annual Report: Shareholders Letter and Annual Report 10-K

April 14, 2022

Sales growth and strong execution helped Quad drive strong full-year 2021 results. These results were supported by higher print volumes, including print segment share gains from new clients, continued growth in Agency Solutions, and increased pricing. We were able to achieve these results despite a challenging operating and economic environment that included significant supply chain disruptions, inflationary cost pressures and labor shortages. We worked thoughtfully and diligently to mitigate these impacts on our business while prioritizing the health and well-being of our employees, proactively managing our clients’ service expectations, providing innovative solutions, and enhancing the financial health of the company.

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