earnings
confidence high
sentiment positive
materiality 0.75
Quad/Graphics Q4 net loss $21M; FY 2021 net earnings $38M, adj EPS $0.60; guides 2022 sales growth 3-7%
Quad/Graphics, Inc.
2021-FY EPS reported
$0.71
revenue$2,960,400,000
- Q4 2021 net sales $855M (+1% YoY; +5% ex-divestiture); net loss $21M vs loss $86M Q4 2020.
- Full-year 2021 net sales $3.0B (+1%; +3% ex-divestitures); net earnings $38M vs loss $107M; adj diluted EPS $0.60 (vs $0.29).
- Adjusted EBITDA FY2021 $246M (down from $260M due to non-recurrence of COVID savings and cost inflation).
- Net debt reduced 40% over two years to $624M; leverage ratio improved to 2.54x from 3.35x.
- 2022 guidance: net sales growth 3-7%, adj EBITDA $230-270M, free cash flow $70-100M, capex $55-65M, leverage ~2.25x.