Quad/Graphics Q3 net loss $3M; sales down 16%; lowers FY net sales guidance

Quad/Graphics, Inc.

2023-Q3 EPS reported -$0.68 revenue$2,169,800,000

Q3 net sales $700M, down 16% vs $830M YoY; net loss $3M ($0.06 loss per share) vs net earnings $14M.
Adjusted EBITDA $57M in Q3 vs $69M YoY; adjusted diluted EPS $0.11 vs $0.32.
Nine-month net sales $2.2B (-7%), net loss $33M, Adj EBITDA $168M, Adj EPS $0.28.
FY net sales guidance lowered to 7%-9% decline; Adj EBITDA narrowed to $220M-$240M; FCF $60M-$80M.
Net debt $584M, down $132M over 12 months; year-end leverage target ~2.0x; $20M in share buybacks since Q2 2022.

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 0.9

Quad/Graphics, Inc. reported third quarter ended September 30, 2023 results: revenue $700 million, net income Net Loss of $3 million, EPS $0.06 diluted loss per share. Guidance lowered.

Period: third quarter ended September 30, 2023
Revenue: $700 million
Net income: Net Loss of $3 million
EPS: $0.06 diluted loss per share
Guidance: lowered
Result: reported results

Exact text from the filing

Reported Net Sales of $700 million in the third quarter of 2023 compared to $830 million in the third quarter of 2022, and Net Loss of $3 million in the third quarter of 2023, or $0.06 diluted loss per share

View on SEC.gov

Browse all earnings releases →

Quad/Graphics, Inc. filing history →

Source: SEC EDGAR

accession 0001481792-23-000053

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.