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Quarterly ResultOct 28, 2026, 05:16 PM

Quad Reports Q3 Sales Flat; Adjusted EPS Up 13%; Updates Guidance

AI Summary

Quad/Graphics, Inc. reported third quarter 2026 financial results, with Net Sales of $587 million, consistent with the prior year. While Net Earnings decreased to $6 million ($0.11 EPS) from $10 million ($0.21 EPS) in Q3 2025, Adjusted Diluted EPS saw a 13% increase to $0.35. The company highlighted strategic initiatives including the launch of its 'Direct' marketing agency and acceleration of its 'In-Store Connect' program. Quad also updated its full-year 2026 financial guidance, improving the Net Sales outlook and narrowing ranges for Adjusted EBITDA and Free Cash Flow, while maintaining its Net Debt Leverage Ratio target.

Key Highlights

  • Quad reported Q3 2026 Net Sales of $587 million, consistent with $588 million in Q3 2025.
  • Q3 2026 Net Earnings were $6 million ($0.11 Diluted EPS), down from $10 million ($0.21 Diluted EPS) in Q3 2025.
  • Adjusted Diluted EPS increased 13% to $0.35 in Q3 2026 from $0.31 in Q3 2025.
  • Announced Direct, a new full-service direct marketing agency.
  • Accelerated growth of In-Store Connect by signing the first national retailer with screens in 30 Florida stores.
  • Declared a quarterly dividend of $0.10 per share, payable December 4, 2026.
  • Updated full-year 2026 financial guidance, improving Net Sales range midpoint and narrowing Adjusted EBITDA and Free Cash Flow guidance.