earnings
confidence high
sentiment negative
materiality 0.75
Quad/Graphics Q1 net loss of $1M, sales up 5%; maintains 2022 guidance
Quad/Graphics, Inc.
2022-Q1 EPS reported
-$0.02
revenue$744,200,000
- Net loss of $1M ($0.04 adj. EPS) vs net earnings of $10M ($0.19 adj. EPS) in Q1 2021.
- Net sales up 5% to $744M (9% ex-divestitures); driven by pricing, share gains, and Targeted Print growth.
- Adjusted EBITDA fell to $49M from $70M due to supply chain disruptions and cost inflation.
- Paid remaining $209M of 7.00% senior notes; liquidity $138M cash + $397M revolving credit.
- Full-year 2022 guidance unchanged: net sales up 3-7%, EBITDA $230-270M, FCF $70-100M.