QUAD/GRAPHICS, INC. - QUAD STOCK NEWS

Quad (NYSE: QUAD) has appointed Tim Maleeny as Chief Client Strategy and Integration Officer. Maleeny, previously President, Chief Strategy and Innovation Officer at Havas North America, will focus on developing strategies for client acquisition and expansion. The appointment aligns with Quad's transformation as a marketing experience (MX) company. Maleeny brings extensive industry experience from leadership roles at Ogilvy North America, R/GA, Deloitte, and Hal Riney & Partners. He currently serves on the 4A's board of directors and was named one of ANA's Talent Champions.

Quad (NYSE: QUAD), a global marketing experience company, is hosting its 2024 Investor Day in New York City. The event features presentations from key executives who will discuss the company's strategy, growth opportunities, and long-term financial goals. Key topics include Quad's positioning as a marketing experience company, its AI-backed solutions and proprietary household-based data stack, opportunities in retail media networks (RMNs), and operational efficiency initiatives. The event includes presentations from CEO Joel Quadracci and other executives, plus a special Q&A session with Flowcode CEO Tim Armstrong focusing on data's role in marketing.

Quad (NYSE: QUAD) reported Q3 2024 financial results with Net Sales of $675 million, down 4% from $700 million in 2023, and a Net Loss of $25 million. The company achieved Non-GAAP Adjusted EBITDA of $59 million, up from $57 million in Q3 2023, and increased Adjusted EBITDA Margin by 54 basis points to 8.7%. Key developments include amending a $690 million bank debt agreement, expanding its In-Store Connect retail media network, and announcing plans to sell European operations for €41 million. The company updated its 2024 guidance, projecting approximately 9% decline in Net Sales and reducing anticipated year-end Net Debt Leverage from 1.8x to 1.5x.

Quad (NYSE: QUAD), a global marketing experience company, has announced a quarterly dividend declaration of $0.05 per share on its common stock. The dividend will be paid on December 6, 2024, to shareholders who are on record as of November 18, 2024.

Quad/Graphics, Inc. (NYSE: QUAD) has announced a definitive agreement to sell the majority of its European operations to Germany-based Capmont GmbH for €41 million (approximately $45 million). The transaction includes all employees and facilities for Quad/Graphics Europe print and ink-manufacturing in Poland, the Peppermint agency in Warsaw, and Quad POS with locations throughout Europe. Quad will maintain printing operations that support its marketing experience (MX) offering.

The sale, expected to close by year-end 2024, aligns with Quad's strategy to optimize its business portfolio for growth as a marketing experience company. Quad plans to use the proceeds to reduce debt and invest in solutions that advance its MX offering. The company will continue to focus on operations in the Americas, particularly North America, where it believes it can provide the greatest value to clients through its integrated marketing platform.

Quad/Graphics, Inc. (NYSE: QUAD) has completed the ninth amendment to its bank debt agreement from April 28, 2014. The key changes include:

1. Reducing the revolving credit facility from $342.5 million to $324.6 million, with $17.7 million due on November 2, 2026, and $306.9 million due on October 17, 2029.

2. Extending the maturity of a portion of the existing term loan facility, with $14.5 million due on November 2, 2026, and $351.3 million due on October 17, 2029.

3. Increasing the interest rate margin by 0.50% for loans maturing on October 17, 2029.

4. Modifying certain financial and operational covenants.

CFO Tony Staniak highlighted that by the end of 2024, Quad anticipates reducing its debt by over $670 million (65%) from January 1, 2020 levels. The extension provides additional financial flexibility for growth and development while allowing for capital return to shareholders.

Quad/Graphics, Inc. (NYSE: QUAD), a global marketing experience company, has announced its plans to release third quarter and year-to-date 2024 financial results on Monday, October 28, 2024, after the close of regular market trading. The company will host a conference call on Tuesday, October 29, 2024, at 8:30 a.m. ET to discuss these results.

The call will be led by Joel Quadracci, Quad Chairman, President and CEO, and Tony Staniak, Quad CFO. Participants can pre-register for the webcast or dial in on the day of the call. An audio replay will be available on Quad's website shortly after the call, with telephone playback accessible until November 29, 2024.

Betty, a Quad agency, has announced the return of Kirstin Stahl as the new Group Creative Director for its design practice, Favorite Child. Stahl, reporting to VP and Head of Design Veronica Padilla, will lead the packaging system design for a major national grocery retailer project. With over two decades of experience in the design industry, Stahl has worked with notable brands like Target, Walgreens, General Mills, and JCPenney.

Stahl's role will focus on creating people-first strategic design solutions and overseeing end-to-end design development. Her appointment comes as Favorite Child experiences significant growth, with Betty making 44 new hires in 2024 across various departments. This expansion follows Quad's integration of all creative business into one entity in May 2024, emphasizing strategy, creative, design, and content studios.

Quad/Graphics, Inc. (NYSE: QUAD) has announced a collaboration with Google Cloud to develop AI-powered marketing solutions. This partnership aims to create a data, creative, and personalization powerhouse by integrating Google Cloud's AI capabilities with Quad's proprietary data stack. The new solutions will enable brands to create highly personalized content across multiple marketing channels, addressing challenges such as managing large product catalogs and diverse audience segments.

Quad's data stack, which touches 92% of U.S. households and nearly 97% of the adult U.S. population, will be enhanced with Google Cloud's AI-infused data solutions. This collaboration is expected to deliver greater precision in targeting and improve marketing efficiency. The new AI-driven offerings for clients are scheduled to roll out in Q4 2024.