8-K
filed November 1, 2022, 7:59 PM ET
ticker QUAD
CIK 0001481792
earnings
confidence high
sentiment positive
materiality 0.75
Quad/Graphics Q3 net sales up 18% to $830M; raises full-year sales growth guidance to 8%-10%
Quad/Graphics, Inc.
2022-Q3 EPS reported
$0.34
revenue$2,331,800,000
- Net sales $830M, up 18% YoY; net earnings $14M flat YoY, but excluding $18M non-recurring gains in 2021 underlying earnings improved.
- Adjusted diluted EPS $0.32 vs $0.18 YoY, up 78%.
- Full-year net sales growth guidance raised to 8%-10% from 3%-7%; Adj. EBITDA guidance narrowed to $235-$255M.
- Repurchased 3.1M shares YTD for $10M, over 5% of outstanding.
- Free cash flow negative $80M YTD; net debt up $91M to $715M; management expects strong Q4 FCF and debt reduction.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Quad/Graphics, Inc. reported nine months ended September 30, 2022 results: revenue $2.3 billion, net income $18 million, EPS $0.49. Guidance raised.
- Period
- nine months ended September 30, 2022
- Revenue
- $2.3 billion
- Net income
- $18 million
- EPS
- $0.49
- Guidance
- raised
- Result
- reported results
Exact text from the filing
due to increased recurring earnings and benefited by our recent stock repurchases. Results for the nine months ended September 30, 2022, include: • Net Sales — Net Sales were $2.3 billion in the nine months ended September 30, 2022, up 11% from the same period in 2021, or up 14% excluding the impact of the QuadExpress divestiture. Net Sales growth was achieved due
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
Quad/Graphics, Inc. reported third quarter ended September 30, 2022 results: revenue $830 million, net income $14 million, EPS $0.32. Guidance raised.
- Period
- third quarter ended September 30, 2022
- Revenue
- $830 million
- Net income
- $14 million
- EPS
- $0.32
- Guidance
- raised
- Result
- reported results
Exact text from the filing
to enhance our financial strength and create shareholder value.” Summary Results Results for the three months ended September 30, 2022, include: • Net Sales — Net Sales were $830 million in the third quarter of 2022, reflecting top-line growth of 18% compared to the same period in 2021. Net Sales growth was driven by print segment share gains, increased pricing
View on SEC.gov
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