Quad/Graphics Q2 net sales $703M (-7% YoY), net loss $6M; reaffirms FY2023 guidance

Quad/Graphics, Inc.

2023-Q2 EPS reported -$0.62 revenue$1,469,600,000

Net sales $703M, down 7% YoY; net loss $6M vs net earnings $5M in Q2 2022.
Adjusted EBITDA $50M vs $56M YoY; adjusted diluted EPS $0.02 vs $0.13.
Generated $34M free cash flow in Q2; reduced net debt $80M over last 12 months.
Repurchased $5M shares; total buyback 8% of outstanding stock since Q2 2022.
Reaffirms FY2023 guidance: adj EBITDA $210-250M, free cash flow $50-90M, debt leverage ~2.0x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Quad/Graphics, Inc. reported second quarter ended June 30, 2023 results: revenue $703 million, net income Net Loss of $6 million, EPS $0.12 diluted loss per share. Guidance reaffirmed.

Period: second quarter ended June 30, 2023
Revenue: $703 million
Net income: Net Loss of $6 million
EPS: $0.12 diluted loss per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

2023 — Quad/Graphics, Inc. (NYSE: QUAD) (“Quad” or the “Company”), today reported results for the second quarter ended June 30, 2023. Recent Highlights • Reported Net Sales of $703 million and Net Loss of $6 million in the second quarter of 2023, or $0.12 diluted loss per share. • Achieved Adjusted EBITDA of $50 million in the second quarter of 2023 compared to

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Source: SEC EDGAR

accession 0001481792-23-000040

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