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Sep 30, 2021
Quad Q3 2021 Earnings Report
Quad reported strong third quarter results driven by higher print volumes and continued positive trend in Agency Solutions, resulting in year-over-year organic growth in net sales and increased profitability.
Key Takeaways
Quad's third quarter results showed a 4% increase in net sales, with 7% organic growth, and a rise in net earnings from continuing operations by $12 million to $14 million compared to 2020. Adjusted EBITDA increased by 6% to $64 million. The company reaffirms its full-year financial outlook for 2021.
Net sales increased by 4% with 7% organic growth, driven by higher print volumes and Agency Solutions net sales.
Net earnings from continuing operations increased by $12 million to $14 million.
Adjusted EBITDA increased by 6% to $64 million.
Net debt reduced by $140 million or 15% over the past 12 months.
Revenue by Segment
Forward Guidance
The Company reaffirms the following full-year 2021 financial outlook: Annual Net Sales Change (1) 1% to 3% increase Full-Year Adjusted EBITDA $240 to $260 million Year-End Debt Leverage Ratio (2) Approximately 2.75x
Positive 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
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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