NYSE$QUAD
Quad/Graphics Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Quad reported first quarter results and reaffirmed full-year 2024 financial guidance.
Quad's first quarter results were in line with expectations. The company reported net sales of $655 million and a net loss of $28 million, or $0.60 diluted loss per share. Adjusted diluted earnings per share was $0.10. The company reaffirms its full-year 2024 financial guidance, including 1.8x Net Debt Leverage by year end.
- Net Sales of $655 million in the first quarter of 2024 compared to $767 million in 2023, and recognized a Net Loss of $28 million or $0.60 Diluted Loss Per Share for the first quarter of 2024.
- Achieved Non-GAAP Adjusted EBITDA of $51 million in the first quarter of 2024 compared to $60 million in the first quarter of 2023, and reported $0.10 Adjusted Diluted Earnings Per Share for the first quarter of 2024.
- Completed restructuring actions that are expected to generate $60 million of cost savings in 2024.
- Fitch corporate credit rating outlook revised to “Positive” from “Stable,” indicating future potential upgrade from current ‘B+’ rating in recognition of Quad’s strong financial and operational performance.
Headline financials
Revenue & EPS history
Quad · Revenue · Quarterly
$655M
Revenue by segment
Quad · $700M total across 2 segments · Q3 2023
- United States Print and Related Services$608M-14.7%86.8%
- International$92.2M-21.1%13.2%
Forward guidance
The Company’s full-year 2024 financial guidance is unchanged.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.3%
Avg return
Earnings day
-0.0%
Avg return
5 days after
-3.0%
Avg return
30 days after
52%
33 / 64 earnings
Positive
+33.9%
Q4 2017
Best reaction
-55.3%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -10.7% | +1.8% | -4.9% | |
| Q4 2025 | +0.9% | +6.7% | -0.6% | |
| Q3 2025 | -12.3% | -10.7% | -5.4% | |
| Q1 2025 | -7.9% | +6.0% | +12.5% | |
| Q4 2024 | +10.8% | -11.8% | -21.7% | |
| Q3 2024 | +14.9% | +24.5% | +41.7% | |
| Q2 2024 | -19.3% | -26.0% | -17.7% | |
| Q1 2024 | -1.5% | +4.6% | +0.0% | |
| Q4 2023 | -9.5% | -17.8% | -18.6% | |
| Q3 2023 | -14.1% | -9.5% | -7.2% | |
| Q2 2023 | -12.5% | -4.6% | -13.7% | |
| Q1 2023 | -10.0% | -17.3% | -1.8% | |
| Q4 2022 | +7.0% | +21.4% | -2.8% | |
| Q3 2022 | +14.0% | +18.0% | +34.5% | |
| Q2 2022 | +8.1% | +9.4% | +1.6% | |
| Q1 2022 | -24.6% | -25.2% | -35.2% | |
| Q4 2021 | +2.0% | +9.8% | +33.4% | |
| Q3 2021 | +14.5% | +8.1% | -7.4% | |
| Q2 2021 | +10.6% | +37.9% | +19.5% | |
| Q1 2021 | -3.2% | -13.7% | -0.8% | |
| Q4 2020 | -2.3% | -16.7% | -25.5% | |
| Q3 2020 | -4.3% | -6.1% | +45.5% | |
| Q2 2020 | +6.4% | +4.5% | +3.0% | |
| Q1 2020 | -0.6% | +9.4% | +12.0% | |
| Q4 2019 | +20.5% | +14.7% | -26.4% | |
| Q3 2019 | -55.3% | -57.3% | -58.7% | |
| Q2 2019 | +33.5% | +34.5% | +7.4% | |
| Q1 2019 | -10.0% | -9.0% | -29.8% | |
| Q4 2018 | +11.8% | +8.3% | -20.0% | |
| Q3 2018 | -7.0% | -11.9% | -10.2% | |
| Q2 2018 | +22.9% | +8.5% | +13.1% | |
| Q1 2018 | -15.3% | -25.5% | -20.0% | |
| Q4 2017 | +33.9% | +25.6% | +15.5% | |
| Q3 2017 | +2.0% | +4.5% | +2.4% | |
| Q2 2017 | -10.7% | -14.2% | -15.1% | |
| Q1 2017 | +5.0% | -1.6% | -15.2% | |
| Q4 2016 | -4.2% | +4.0% | -9.3% | |
| Q3 2016 | +0.6% | +1.8% | +2.7% | |
| Q2 2016 | +12.8% | +14.0% | +6.8% | |
| Q1 2016 | +24.5% | — | — | |
| Q4 2015 | +3.9% | — | — | |
| Q3 2015 | -25.6% | — | — | |
| Q2 2015 | -5.7% | — | — | |
| Q1 2015 | -1.5% | — | — | |
| Q4 2014 | +3.9% | — | — | |
| Q3 2014 | -1.0% | — | — | |
| Q2 2014 | -1.2% | — | — | |
| Q1 2014 | -2.1% | — | — | |
| Q4 2013 | -5.4% | — | — | |
| Q3 2013 | -19.3% | — | — | |
| Q2 2013 | +4.2% | — | — | |
| Q1 2013 | +5.5% | — | — | |
| Q4 2012 | +4.3% | — | — | |
| Q3 2012 | -12.3% | — | — | |
| Q2 2012 | -4.9% | — | — | |
| Q1 2011 | +5.0% | — | — | |
| Q1 2012 | +5.6% | — | — | |
| Q4 2009 | +10.1% | — | — | |
| Q4 2011 | +10.1% | — | — | |
| Q3 2011 | +1.4% | — | — | |
| Q2 2011 | +11.0% | — | — | |
| Q4 2010 | +11.0% | — | — | |
| Q3 2010 | -1.6% | — | — | |
| Q2 2010 | +1.9% | — | — | |
| Q1 2010 | — | — | — |
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