Quad/Graphics Q4 2022: Net sales +4% to $885M; FY22 Adj EBITDA $252M; guides FY23 sales down 0-5%

Quad/Graphics, Inc.

2022-FY EPS reported $0.18 revenue$3,217,000,000

Q4 net sales $885M (+4% YoY); net loss improved to $9M from $21M loss in Q4 2021.
FY22 net sales $3.2B (+9% YoY, +11% ex-divestitures); net earnings $9M vs $38M in 2021.
FY22 Adjusted EBITDA $252M (near high end of $235M-$255M guidance); Free Cash Flow $94M.
Net debt reduced to $545M; leverage ratio 2.16x, lowest since 2018; $10M share repurchases in 2022.
FY23 guidance: net sales decline 0-5%, Adj EBITDA $210M-$250M, FCF $50M-$90M, target leverage ~2.0x.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Quad/Graphics, Inc. reported financial results for fourth quarter and year ended December 31, 2022.

Period: fourth quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 21, 2023, Quad/Graphics, Inc. (the “Company”) issued a press release announcing financial results for its fourth quarter and year ended December 31, 2022.

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Quad/Graphics, Inc. filing history →

Source: SEC EDGAR

accession 0001481792-23-000008

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