Quad Graphics Reports Q2 Results In Line With Guidance
Quad Graphics (NYSE:QUAD) reported second-quarter results that met expectations with net sales rising to $578 million, up 1% year over year. Adjusted EBITDA declined slightly to $42 million from $43 million in the prior-year period due to lower-margin revenue streams such as paper and fuel surcharges. Chairman and CEO Joel Quadracci stated that Quad remains on track for its full-year guidance, with continued investment in targeted print categories, packaging, agency services, and retail media. CFO Tony Staniak highlighted strong free cash flow generation during the quarter, which enabled $13 million returned to shareholders through dividends and share repurchases. The company is expanding into new markets by opening a 100,000-square-foot packaging facility in Salt Lake City expected to begin operations in Q4. This expansion aims to improve logistics for Western U.S. customers and position Quad closer to consumer packaged goods companies.
Topics: cash flow EBITDA financial results revenue growth shareholder returns