earnings
confidence high
sentiment neutral
materiality 0.65
Quad Q2 net sales $634M (-10% YoY), adj EBITDA $52M (+4% YoY), reaffirms FY2024 guidance
Quad/Graphics, Inc.
2024-Q2 EPS reported
-$0.65
revenue$1,289,000,000
- Q2 net loss narrowed to $3M ($0.06 loss) from $6M loss; adj diluted EPS $0.12 vs $0.02.
- Launched Betty creative agency and 3D Commerce, expanding In-Store Connect retail media network.
- Generated $22M from sale of Manipal Technologies stake; dividend of $0.05/share maintained.
- Reaffirms FY2024: net sales decline 5-9%, adj EBITDA $205-245M, year-end debt leverage ~1.8x.