Quad Q2 sales decline 10% but beat expectations
Overview
Quad Q2 2025 net sales decline 10% yr/yr, but beat analyst expectations
Adjusted EPS meets analyst expectations at $0.14, per LSEG data
Co reaffirms full-year 2025 guidance, continues strategic investments in growth areas
Outlook
Quad reaffirms 2025 guidance with 2%-6% net sales decline
Company expects 2025 adjusted EBITDA of $180 mln to $220 mln
Quad projects 2025 free cash flow of $40 mln to $60 mln
Company anticipates year-end debt leverage ratio of approximately 1.5x
Result Drivers
SALES DECLINE - Quad's net sales fell 10% in Q2 2025, mainly due to the divestiture of European operations and lower paper and logistics sales
INVESTMENTS - Co continues to invest in data and audience intelligence, AI tools, and retail media network to drive future growth
COST REDUCTION - Improved net loss due to lower expenses and increased manufacturing productivity, despite lower sales
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | $572 mln | $555 mln (2 Analysts) |
Q2 Adjusted EPS | Meet | $0.14 | $0.14 (2 Analysts) |
Q2 Net Income | -$100,000 | ||
Q2 Adjusted EBITDA | $43 mln |
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commercial printing services peer group is "buy."
Wall Street's median 12-month price target for Quad/Graphics Inc is $9.45, about 37.8% above its July 28 closing price of $5.88
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago
Press Release:
