Quad Graphics, Inc

5.32-0.75 (-12.4%)

Oct 29, 4:00:02 PM EDT · NYSE · QUAD · USD

Upcoming Earnings

Report date

EPS

0.24 (0.24 ~ 0.24)

Revenue

620.60M (620.60M ~ 620.60M)

Key Stats

Market Cap

268.52M

P/E (TTM)

12.37

Basic EPS (TTM)

0.43

Dividend Yield

Recent Filings

8-K

Quad narrows 2025 guidance

10/28/25Oct 28, 2025

Quad/Graphics reported Q3 2025 net sales of $588 million, down 13% from $675 million in 2024, or 7% excluding the European divestiture. Yet net earnings swung to $10 million from a $25 million loss, with Adjusted EBITDA at $53 million and Adjusted EPS up 19% to $0.31, fueled by lower restructuring charges and productivity gains. The company narrowed full-year guidance to a 3-5% sales decline, $190-200 million Adjusted EBITDA, and $50-60 million free cash flow, while returning $19 million to shareholders. Momentum builds in AI tools and retail media, but sales pressures persist.

10-Q

Q2 FY2025 results

7/30/25Jul 30, 2025

Quad/Graphics posted Q2 net sales of $571.9M, down 9.8% y/y from $634.2M, yet operating income held steady at $13.7M with a 2.4% margin, thanks to lower costs and a $4.3M gain from selling its West Sacramento facility. Gross margins edged up as manufacturing productivity improved, offsetting softer print volumes amid postal rate hikes and digital shifts. The Enru co-mail assets acquisition closed April 1, 2025, for $27.0M (cash/earn-out/deferred), adding $7.3M goodwill and $11.5M intangibles amortized over 5-6 years to bolster logistics. Cash dipped to $6.7M with $454.9M total debt, but $217.6M liquidity supports ongoing buybacks. European ops sale in February fetched $24.1M in notes, trimming international exposure. Free cash flow improved to $(65.9)M YTD (derived). Diluted EPS matched at $0.00, reconciling to 47.6M shares. Non-GAAP metrics not disclosed in the 10-Q. Postal reforms risk further eroding print demand.

8-K

Quad's Q2 sales dip, guidance steady

7/29/25Jul 29, 2025

Quad/Graphics reported Q2 2025 net sales of $572 million, down 10% from $634 million in 2024, with a 4% organic drop excluding the European divestiture. Yet Adjusted EBITDA held at $43 million, buoyed by cost cuts and productivity gains, while net loss narrowed to $0.1 million from $3 million. The company launched Audience Builder 2.0 and partnered with Vallarta Supermarkets, reaffirming full-year guidance of 2-6% sales decline and $180-220 million Adjusted EBITDA. Macro uncertainties loom large.

8-K

Board reduced to nine

5/23/25May 23, 2025

Quad/Graphics trimmed its board from ten to nine directors effective May 21, 2025, just before the annual meeting. Shareholders then elected the nine-person slate—Douglas P. Buth, Beth-Ann Eason, Dr. Kathryn Quadracci Flores, John C. Fowler, Stephen M. Fuller, Christopher B. Harned, Melanie A. Huet, J. Joel Quadracci, and Jay O. Rothman—for one-year terms, with support ranging 91.7% to 94.4%. They also approved amending the 2020 Omnibus Incentive Plan by 93.0%. Board shrinks signal efficiency.

10-Q

Q1 FY2025 results

4/30/25Apr 30, 2025

Quad/Graphics swung to operating income of $19.6M in Q1 FY2025 ended March 31, 2025, up from a $10.7M loss y/y, while net sales dipped 3.9% to $629.4M on softer print volumes and the February 2025 sale of European operations for $24.1M (note receivable plus contingent $10.0M). Gross margins held steady at 20.5%, buoyed by productivity gains and lower depreciation ($19.7M, down 31.1% y/y), though diluted EPS of $0.11 reflects interest expense of $12.4M (down 18.4% y/y) and taxes; it reconciles to 50.7M diluted shares with no anti-dilution flagged. Cash fell to $8.1M amid $89.0M operating outflow from seasonality, yielding negative FCF of $100.3M (derived), while total debt climbed to $471.0M under a $324.6M revolver (7.1% weighted rate) with $201.1M availability and covenants met (Total Leverage 2.09x). On April 1, 2025, Quad acquired Enru co-mail assets for $18.3M cash plus $16.0M earn-out, bolstering logistics. Postal rate hikes loom as a persistent drag.

About

Quad/Graphics, Inc. provides marketing solutions in North America, Mexico, Central America, the Caribbean, Europe, the Middle East, Africa, South America, and Asia. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; paper procurement services; and manufactures ink. The company also provides marketing and other services, including data intelligence and analytics, technology solutions, media planning, placement and optimization, creative strategy, and content creation, as well as execution in non-print digital and broadcast channels; and imaging and medical services. It serves blue-chip companies that operate in various industries and serve businesses and consumers across various industry verticals, including retail, consumer packaged goods and direct-to-consumer, financial services, and health. Quad/Graphics, Inc. was founded in 1971 and is headquartered in Sussex, Wisconsin.

CEO

Mr. J. Joel Quadracci

IPO

7/6/2010

Website

https://www.quad.com

Employees

11,000

Sector

Industrials

Industry

Specialty Business Services