NYSE$QUAD

Quad/Graphics Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Quad reported second quarter results, focusing on marketing experience strategy and innovative service offerings.

Quad reported a net sales of $634 million and a net loss of $3 million. The company achieved an adjusted EBITDA of $52 million and an adjusted diluted earnings per share of $0.12. They also reaffirmed their full-year 2024 financial guidance.

  • Net Sales reached $634 million, while Net Loss was $3 million, translating to a Diluted Loss Per Share of $0.06.
  • Non-GAAP Adjusted EBITDA increased to $52 million, resulting in an Adjusted Diluted Earnings Per Share of $0.12.
  • Adjusted EBITDA Margin improved by 100 basis points to 8.2%.
  • The company reaffirmed its full-year 2024 financial guidance.

Headline financials

Total Revenue

$634M

Previous: $703M-9.8%
EPS

-$0.06

Previous: $0.02-400.0%
Adjusted EBITDA Margin

8.2%

No prior period
Capital Expenditures

-$33.5M

Previous: -$45.2M+25.9%
Free Cash Flow

-$36.3M

Previous: -$51.3M+29.2%
Net Income

-$2.8M

Previous: -$6.1M+54.1%
Operating Income

$15.1M

Previous: $8.4M+79.8%
Gross Profit

$140M

Previous: $133M+5.3%
Cash & Equivalents

$12.8M

Previous: $11.3M+13.3%
Total Assets

$1.37B

Previous: $1.54B-11.0%
Stock-Based Comp

$2.6M

Previous: $2.3M+13.0%

Revenue & EPS history

Quad · Revenue · Quarterly

$634M

Q2 2024-9.8%vs Q2 2023
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Revenue by segment

Quad · $700M total across 2 segments · Q3 2023

  • United States Print and Related Services
    $608M-14.7%
  • International
    $92.2M-21.1%

Forward guidance

The Company’s full-year 2024 financial guidance ranges are 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 Q2 2024

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (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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