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Sep 30, 2024
Quad Q3 2024 Earnings Report
Quad reported third quarter results, achieving increased Adjusted EBITDA Margin and updating full-year financial guidance.
Key Takeaways
Quad reported Net Sales of $675 million and a Net Loss of $25 million, or $0.52 Diluted Loss Per Share, for the third quarter of 2024. The company achieved Non-GAAP Adjusted EBITDA of $59 million, increased from $57 million in the third quarter of 2023, and delivered $0.26 Adjusted Diluted Earnings Per Share. Quad also updated its full-year 2024 financial guidance, anticipating Net Sales trending to the higher end of decline in its original guidance range and improving anticipated year-end Net Debt Leverage from approximately 1.8x to 1.5x.
Net Sales reached $675 million, while experiencing a Net Loss of $25 million or $0.52 Diluted Loss Per Share.
Non-GAAP Adjusted EBITDA increased to $59 million, resulting in Adjusted Diluted Earnings Per Share of $0.26.
Adjusted EBITDA Margin increased by 54 basis points to 8.7% compared to the same period in 2023.
Full-year 2024 financial guidance updated, expecting Net Sales trending to the higher end of decline and Net Debt Leverage improving to approximately 1.5x.
Revenue by Segment
Forward Guidance
Quad updated its full-year 2024 financial guidance, expecting Net Sales trending to the higher end of decline in its original guidance range, while maintaining guidance midpoints for Adjusted EBITDA and Free Cash Flow and improving anticipated year-end 2024 Net Debt Leverage from approximately 1.8x to 1.5x.
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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