earnings
confidence high
sentiment neutral
materiality 0.70
Quad/Graphics FY2024 net loss $51M; sales down 9.7%; raises dividend 50%, guides FY2025 Adj EBITDA $180-220M
Quad/Graphics, Inc.
2024-FY EPS reported
-$1.07
revenue$2,672,200,000
- Net sales $2.7B (-9.7% YoY); net loss $51M vs $55M loss in 2023; adj. diluted EPS $0.85 vs $0.52.
- Reduced net debt to $350M (leverage 1.6x) from $470M (2.0x); free cash flow $56M.
- Quarterly dividend increased 50% to $0.075/share; payable Mar 14, 2025 to holders of record Feb 28.
- FY2025 guidance (ex-Europe): organic sales decline 2%-6%, Adj EBITDA $180M-$220M, leverage target ~1.5x.
- European operations sale to Capmont expected to close early 2025; 2024 Europe net sales $153M excluded from guidance.