LSC Communications, Inc. reported unaudited consolidated earnings results for the first quarter ended of March 31, 2017. For the quarter, the company's net sales were $821 million, down $59 million, or 6.7%, from the first quarter of 2016. Net loss was $1 million, or $0.02 per diluted share, compared to net income of $31 million, or $0.95 per diluted share, in the first quarter of 2016. Non-GAAP adjusted EBITDA was $65 million, or 7.9% of net sales, compared to $96 million, or 10.9% of net sales, in the first quarter of 2016. The decrease in non-GAAP adjusted EBITDA was primarily due to volume declines and price pressure in the Print and Office Products segments as well as product mix within the Print segment, partially offset by ongoing productivity and cost control initiatives. Non-GAAP net income totaled $4 million, or $0.14 per diluted share, in the first quarter of 2017 compared to non-GAAP net income in the first quarter of 2016 of $33 million, or $1.01 per diluted share. Income from operations was $18 million compared to $47 million a year ago. Income before income taxes was $1 million compared to $47 million a year ago. Net cash provided by operating activities was $64 million compared to $14 million a year ago. Capital expenditures were $21 million compared to $12 million a year ago.

The company re-affirmed earnings guidance for the full year of 2017. For the period, the company expects net sales to be in the range of $3.55 billion to $3.65 billion. Non-GAAP adjusted EBITDA margin expected to be of 9.75% to 10.25%. Depreciation and amortization expected to be of $155 million to $165 million. Interest expense expected to be of $68 million to $72 million. Non-GAAP effective tax rate expected to be of 33% to 36%. Capital expenditures expected to be of $60 million to $65 million. Free cash flow expected to be of $125 million to $155 million.