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Jun 30, 2021
Quad Q2 2021 Earnings Report
Net sales increased by 19% and net earnings from continuing operations increased by $49 million.
Key Takeaways
Quad reported a strong second quarter of 2021 with a 19% increase in net sales and a significant increase in net earnings from continuing operations. The company also reduced its net debt by $120 million year-to-date and raised its full-year outlook.
Net sales increased by 19% from Q2 2020, driven by higher print, logistics, and agency solutions sales.
Net earnings from continuing operations increased by $49 million to $34 million.
Adjusted EBITDA was $60 million, consistent with the same period in 2020.
Net Debt reduced by $120 million year-to-date.
Revenue by Segment
Forward Guidance
The Company provided the following 2021 financial outlook: Annual Net Sales Change 1% to 3% increase, Full-Year Adjusted EBITDA $240 to $260 million, Year-End Debt Leverage Ratio Approximately 2.75x
Positive Outlook
- Net Sales outlook increases to a 1% to 3% increase compared to 2020
- Strong sales momentum heading into the second half of 2021
- Further significant reductions in debt in the second half of the year
- Expect to end 2021 with a Debt Leverage Ratio of approximately 2.75x
- Improved and expanded financial outlook for fiscal 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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