Quad/Graphics, Inc. operates as a marketing experience company that combines commercial printing, media services, creative agency work and data-driven audience strategy for clients in commerce, financial services and health. Company news commonly covers quarterly results, guidance, dividend actions and capital allocation, alongside updates on manufacturing productivity, cost structure, automation and responses to postage-cost pressure through optimization services such as co-mailing.
Updates also track Quad’s marketing-services portfolio, including the full-service media agency Rise, the creative agency Betty, direct marketing services, its proprietary household-based data stack, AI-enabled tools and client agency-of-record assignments. Corporate news may include executive leadership changes, investor conference participation and the continuing shift from traditional print operations toward integrated marketing solutions.
Quad/Graphics reported its fourth quarter and full-year results for 2022. The company achieved a 9% increase in net sales, with 11% growth when excluding divestitures, surpassing its guidance of 8% to 10%. Adjusted EBITDA reached $252 million, near the high end of its guidance, while net earnings fell to $9 million, down from $38 million in 2021 due to prior asset sales. Free cash flow improved to $94 million, and net debt leverage decreased to 2.16x. For 2023, Quad anticipates a 0% to 5% decline in net sales and aims to reduce debt leverage to approximately 2.0x.
SUSSEX, Wis.--(BUSINESS WIRE)-- Quad/Graphics, Inc. (NYSE: QUAD) will hold a conference call on February 22 at 10 a.m. ET to discuss its fourth quarter and full year 2022 results. The call will be led by Joel Quadracci, Chairman & CEO, and Tony Staniak, CFO. Investors can access the earnings release and presentation on Quad's website and submit questions via email. Pre-registration for the webcast is available, providing a unique PIN for quick access. Participants can also join by dialing in on the call day. An audio replay will be available afterward until March 22, 2023.
Quad serves over 2,900 clients globally with approximately 15,000 employees across 14 countries, focusing on innovative marketing experiences.
Quad/Graphics (NYSE: QUAD) has appointed Beth-Ann Eason to its board of directors, effective January 31, 2023. Eason, previously a senior digital transformation executive at Accenture, will enhance Quad's strategic growth as a marketing experience company. Her extensive background in advertising and digital transformation is expected to drive revenue growth and improve Quad's competitive position. Eason's appointment expands the board from nine to ten directors. Quad serves over 4,600 clients and employs approximately 15,000 people across 14 countries.
On January 30, 2023, Periscope announced the appointment of Annette Fonte as SVP of Business & Brand Leadership and Veronica Padilla as VP, Head of Design. These leadership changes aim to bolster Periscope's commitment to design excellence, operational efficiency, and enhanced client relations. Fonte will oversee integrated marketing for key clients, while Padilla is tasked with elevating the agency's design practice, Favorite Child. Both leaders bring extensive experience from renowned agencies and are expected to drive growth and creativity at Periscope, aligning with its mission to build impactful brands.
Quad/Graphics, Inc. (NYSE: QUAD) reported an 18% increase in Q3 2022 net sales, reaching $830 million, driven by print segment gains and price adjustments amid inflation. Net earnings remained steady at $14 million, while adjusted EBITDA rose to $69 million. The company raised its full-year net sales guidance to 8%-10% from 3%-7%. Notably, $10 million was spent repurchasing 3.1 million shares. Despite challenges from inflation and supply chain issues, proactive investments are expected to improve production and earnings in Q4.
Quad (NYSE: QUAD) will host a conference call on November 2, 2022, at 10 a.m. ET to discuss its third quarter and year-to-date results. The call will feature Joel Quadracci, Quad's Chairman, President & CEO, and Tony Staniak, CFO. Investors can access the earnings release and slide presentation on Quad's website. Participants can pre-register for the webcast or call in on the day. Replay of the call will be available until December 2, 2022.
On September 22, 2022, Rise Interactive announced a significant expansion of its Connex® technology to integrate various marketplaces and retail media networks, including Amazon and Walmart. This integration allows for real-time data analysis across multiple advertising platforms, enhancing brands' ability to measure and optimize their marketing efforts. The upgrade aims to streamline campaign management and boost performance across channels like Google, Meta, and YouTube. The company remains focused on addressing challenges in the evolving retail media landscape, maximizing client results efficiently.
Quad/Graphics, Inc. (NYSE: QUAD) reported a 9% increase in net sales for Q2 2022, or 14% excluding divestitures, with total net sales reaching $758 million. Despite revenue growth, net earnings declined to $5 million, down from $34 million in Q2 2021. Adjusted EBITDA also decreased to $56 million. The company repurchased 1.7 million shares by August 1, 2022, and maintains a liquidity of $298 million. Full-year financial guidance remains unchanged, aiming for a 3% to 7% increase in annual net sales.
Quad (NYSE: QUAD) will host a conference call on August 3, 2022, at 10 a.m. ET, to discuss its second quarter results. The call will be led by Joel Quadracci, Chairman, President & CEO, and Tony Staniak, CFO. Participants can pre-register for the webcast or dial in on the day of the call. An audio replay will be available shortly after the call, with playback accessible until September 3, 2022. Quad, a global marketing experience company, serves over 4,600 clients globally.
On July 13, 2022, Rise Interactive announced the appointment of Kimberly Harris-Mooring as Senior Vice President of People & Culture. With over 30 years of experience in Human Resources, her role aims to bolster the agency's growth strategy. Harris-Mooring previously served as Chief Administrative Officer at Cook County Assessor's Office and led HR at First Midwest Bank. Rise, a subsidiary of Quad (NYSE: QUAD), focuses on client and employee investment to drive innovation, talent management, and expand diversity initiatives.