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Jun 30, 2023
Quad Q2 2023 Earnings Report
Delivered results in line with company expectations and reaffirmed full-year 2023 financial guidance.
Key Takeaways
Quad reported Net Sales of $703 million and a Net Loss of $6 million for the second quarter of 2023. The company achieved an Adjusted EBITDA of $50 million and an Adjusted Diluted Earnings Per Share of $0.02. Despite economic uncertainty, Quad continues to execute its growth strategy and reaffirmed its full-year 2023 financial guidance.
Net Sales were $703 million with a Net Loss of $6 million, or $0.12 diluted loss per share.
Adjusted EBITDA was $50 million compared to $56 million in the second quarter of 2022.
Adjusted Diluted Earnings Per Share was $0.02 compared to $0.13 in the second quarter of 2022.
Free Cash Flow generation was $34 million in the second quarter of 2023.
Revenue by Segment
Forward Guidance
The Company’s full-year 2023 financial guidance remains unchanged.
Positive Outlook
- Annual Net Sales Change between 0% to 5% decline
- Full-Year Adjusted EBITDA between $210 million to $250 million
- Free Cash Flow between $50 million to $90 million
- Capital Expenditures between $65 million to $75 million
- Year-End Debt Leverage Ratio approximately 2.0x
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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