Quad Reports Third Quarter and Year-to-Date 2022 Results

Quad/Graphics, Inc. (NYSE: QUAD) (“Quad” or the “Company”), today reported results for the third quarter ended September 30, 2022.

Recent Highlights
*Achieved sixth consecutive quarter of year-over-year growth as Net Sales increased 18% in the third quarter of 2022 compared to the third quarter of 2021 due to print segment share gains, increased pricing in response to inflationary cost pressures, and increased sales in the Company’s international locations.
*Recognized Net Earnings of $14 million in both the third quarter of 2022 and 2021, with 2021 Net Earnings including non-recurring gains of $18 million, net of tax, from a property insurance claim and a sale and leaseback of a production facility.
*Increased Adjusted EBITDA to $69 million in the third quarter of 2022 compared to Adjusted EBITDA of $55 million in the third quarter of 2021, when excluding a $13 million property insurance gain in 2021.
*Grew Adjusted Diluted Earnings Per Share to $0.32 compared to Adjusted Diluted Earnings Per Share of $0.18 in the third quarter of 2021.
*Raised net sales guidance from 3%-7% growth to 8%-10% growth; narrowed other guidance within the previously provided ranges.
*Repurchased 3.1 million shares of Quad Class A common stock for $10 million year-to-date, representing more than 5% of Quad’s outstanding shares.

Joel Quadracci, Chairman, President & CEO of Quad, said: “This quarter’s results, which include a sixth consecutive quarter of Net Sales growth, exhibit the effectiveness of our business strategy as we have transformed into a marketing experience, or MX, company. The world’s best brands increasingly recognize the unique value we provide through our holistic, multichannel, through-the-line marketing solutions. As an MX company, we guide brands through every effort intended to drive an action, from consumer awareness and trust, to brand preference and
purchase. We will continue to strategically invest in our platform to give our clients a more streamlined, flexible and frictionless way to go to market and reach consumers while enhancing our competitive position to drive profitable growth.

“As a result of investments we made in the first half of the year, we are able to deliver industry-leading client service, and drive sales and profitability higher during our seasonally busier second half of the year. Additionally, our team continues to work diligently to mitigate the impacts of persisting macro-economic headwinds, such as cost inflation and supply chain constraints that impact productivity. This includes implementing inflation-offsetting price increases, the next of which will be effective January 1, 2023.
details at: https://www.quad.com/resources/news_release/quad-reports-third-quarter-and-year-to-date-2022-results/

Related Posts

Allen Press Adds Scholarly Publishing Veteran Tim Rinda to Sales Team

Allen Press, Inc. is pleased to announce the addition of Tim Rinda as Scholarly Sales Executive. Rinda has nearly 30 years of experience in the scholarly publishing and information industries and is tasked with growing Allen Press’s scholarly publisher services. “Allen Press continues to invest in scholarly publishing by recruiting top talent and adding new technologies,” said Randy Radosevich, Allen Press CEO. “We’re well-positioned to be the premier on-shore provider of full author-to-reader services,” he added.

Production Inkjet Printing Delivers Flexibility, Cost Savings

Despite the popularity of digital platforms, print is still alive and well – and it’s ripe for innovation. Nowhere is that more evident than with production inkjet printing. Offset printing continues to occupy the largest segment in the printing technology space, but production inkjet printing is growing in popularity among book printers, direct mail providers and marketers looking for cost-effective ways to create customized content and/or respond dynamically to consumer demand. “Print buyers are interested in smaller print runs with hundreds or thousands of pieces instead of tens of thousands or more. And they want variable data and customization capabilities so they can run more targeted campaigns and niche promotions,” says Meredith Collins, channel marketing manager for Domtar Paper. “Advancements in production inkjet printing mean you can now do all of that with greater flexibility.”
Back To Top
×Close search
Search