Welcome to our dedicated page for Quad / Graphics news (Ticker: QUAD), a resource for investors and traders seeking the latest updates and insights on Quad / Graphics stock.
Quad/Graphics, Inc. (symbol: QUAD) is a distinguished printing company headquartered in Sussex, Wisconsin, with a global presence spanning North America, Latin America, and Europe. The company employs approximately 25,000 people across roughly 70 facilities worldwide.
Quad/Graphics specializes in providing comprehensive print and marketing services designed to help marketers and publishers leverage print media to complement and enhance their brand strategies across a multitude of other media channels. With a focus on reducing costs and improving efficiency, Quad/Graphics offers industry-leading postage-saving programs and a fully integrated national distribution network.
The company operates through three core divisions:
- United States Print and Related Services: This segment is the backbone of Quad/Graphics’ American operations, offering a complete suite of print and marketing solutions, including ink manufacturing.
- International Segment: This division encompasses the company's printing businesses in Europe and Latin America, ensuring a broad global footprint.
- Corporate Segment: This division handles the general and administrative activities of the company.
Quad/Graphics is renowned for its innovative approach, cutting-edge technology, and unwavering commitment to quality and environmental responsibility. The company is dedicated to helping clients achieve superior results through single-source simplicity and creative solutions.
Recent achievements and current projects highlight Quad/Graphics' relentless pursuit of excellence and innovation. The company's ongoing projects aim to capitalize on the strengths of print media while integrating them seamlessly with digital and other media channels to maximize reach and effectiveness.
To learn more about Quad/Graphics, visit their official website at www.qg.com.
Quad (NYSE: QUAD) reported its Q4 and full-year 2024 results, showing a decrease in net sales to $2.7 billion from $3.0 billion in 2023. The company reported a net loss of $51 million ($1.07 per share) in 2024, slightly improved from a $55 million loss in 2023. Adjusted EBITDA reached $224 million with an improved margin of 8.4%.
Notable achievements include reducing net debt to $350 million, achieving a leverage ratio of 1.6x, and generating $56 million in free cash flow plus $71 million from asset sales. The company increased its quarterly dividend by 50% to $0.075 per share and expects to complete the sale of its European operations in early 2025.
For 2025, Quad projects an organic net sales decline of 2-6%, Adjusted EBITDA between $180-220 million, and free cash flow of $40-60 million, while targeting a debt leverage ratio of approximately 1.5x.
Quad (NYSE: QUAD) announced an increase in its quarterly dividend from $0.05 to $0.075 per share, representing a 50% increase. The new dividend, equivalent to $0.30 per share annually, will be paid on March 14, 2025, to shareholders of record as of February 28, 2025.
CEO Joel Quadracci highlighted the company's focus on strategic growth and consistent cash generation, which enabled both the dividend increase and debt reduction while maintaining capital flexibility for investments in their marketing experience (MX) offerings. The company also indicated potential future share repurchases.
Quad (NYSE: QUAD), a global marketing experience company, has scheduled its fourth quarter and full-year 2024 financial results announcement for Tuesday, February 18, 2025, after market close. The company will host a conference call on Wednesday, February 19, 2025, at 8:30 a.m. ET, featuring Chairman, President and CEO Joel Quadracci and CFO Tony Staniak.
Participants can pre-register for the webcast through a provided link, receiving a unique PIN for access. Alternatively, they can dial in directly using U.S. Toll-Free (1-877-328-5508) or International Toll (1-412-317-5424) numbers. An audio replay will be available on Quad's website post-call, with telephone playback accessible until March 19, 2025.
Quad (NYSE: QUAD) received a credit rating upgrade from S&P Global Ratings to 'BB-' from 'B+' with a stable outlook. The upgrade reflects the company's successful debt reduction efforts and improved leverage metrics. S&P expects Quad's reported net leverage to reach 1.5x by end of 2024, with adjusted leverage remaining below 3x and free operating cash flow to debt above 15% over the next 12 months.
The company's EBITDA margin is projected to improve to 8%-9% range in 2024. During its recent Investor Day, Quad outlined its strategy focusing on AI-backed solutions, household-based data stack, and investments in retail media networks (RMNs). The company emphasized its commitment to operational excellence, balance sheet strength, and plans for strategic investments while maintaining shareholder returns through dividends and share buybacks.
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.
FAQ
What is the current stock price of Quad / Graphics (QUAD)?
What is the market cap of Quad / Graphics (QUAD)?
What does Quad/Graphics, Inc. do?
Where is Quad/Graphics headquartered?
How many employees does Quad/Graphics have?
Which regions does Quad/Graphics operate in?
What are the main divisions of Quad/Graphics?
What innovative solutions does Quad/Graphics offer?
Where does Quad/Graphics generate most of its revenue?
What makes Quad/Graphics unique in the printing industry?
How can I learn more about Quad/Graphics?
What recent projects is Quad/Graphics involved in?
