Quad reaffirms full-year 2026 guidance for adjusted net sales to decline 1% to 5%
Company expects 2026 adjusted EBITDA of $175 mln to $215 mln
Quad sees 2026 free cash flow of $40 mln to $60 mln
Result drivers
Higher paper and logistics sales - Co said Q2 net sales rose mainly due to increased paper and logistics sales
Lower interest and operating expenses - Co attributed improved net earnings to lower interest expense, depreciation and amortization, and selling, general and administrative expenses
Productivity and cost management - Co said ongoing automation, AI-enabled tools and disciplined cost management supported productivity in print business lines
Quarterly results
US marketing and print services firm's Q2 net sales rose 1% yr/yr, beating analyst expectations
Company's net earnings turned positive, driven by lower interest and operating expenses
Quad reaffirmed full-year 2026 financial guidance and expanded packaging business with new facility
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 $10.00, about 17.6% above its July 27 closing price of $8.50
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago
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