Quad Graphics Reports Q1 Earnings with Margin Expansion and Guidance Reiteration
Quad Graphics reported first-quarter net sales of $581 million (down ~4.3% excluding Europe) alongside adjusted EBITDA of $45 million, margin expansion to 7.7%, and an adjusted EPS of $0.25. The company reiterated full-year guidance despite macroeconomic headwinds like a USPS rate change expected in July that could raise postage costs by up to 10% for some clients.
Topics: adjusted EBITDA cost pressures financial results free cash flow guidance