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Net Sales
Net sales in the quarter were $3.1 billion, up $314.0 million, or 11.4 percent, from the fourth quarter of 2013, largely due to the acquisitions of Consolidated Graphics and the North American operations of Esselte. After adjusting for the impact of acquisitions, changes in foreign exchange rates, dispositions and changes in pass-through paper, organic sales increased 0.5 percent from the fourth quarter of 2013, as increases in the strategic services, international and variable print segments were partially offset by the decline in the publishing and retail services segment.
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