earnings
confidence high
sentiment neutral
materiality 0.60
Quad/Graphics Q2 sales up 9% but net earnings fall to $5M from $34M; maintains guidance
Quad/Graphics, Inc.
2022-Q2 EPS reported
$0.08
revenue$1,501,900,000
- Q2 Net Sales $758M (+14% ex-divestitures); Net Earnings $5M vs $34M in Q2 2021 due to prior-year gains.
- Adjusted EBITDA $56M (down from $63M); Adjusted Diluted EPS $0.13, flat YoY.
- H1 2022 Net Sales $1.5B (+7%); Adj. EBITDA $105M vs $133M; FCF negative $57M.
- Repurchased 1.7M shares as of Aug 1; paid remaining $209M of 7.00% senior notes on May 2.
- FY 2022 guidance unchanged: Net Sales +3-7%, Adj. EBITDA $230-270M, FCF $70-100M.