Core Insights - Quad/Graphics, Inc. reaffirmed its full-year 2025 financial guidance while continuing to invest in strategic growth areas such as data and audience intelligence, AI-enabled tools, and in-store retail media networks [1][3][11] Recent Highlights - The second quarter results met expectations, with ongoing investments aimed at differentiating the company as a marketing experience provider [3][4] - Quad launched Audience Builder 2.0, an AI-powered tool enhancing audience targeting capabilities [4][7] - A new partnership was established with Vallarta Supermarkets, expanding the In-Store Connect retail media network [5][7] Financial Performance - Net Sales for Q2 2025 were $572 million, a 10% decline from $634 million in Q2 2024, with a 4% decline when excluding the impact of the European operations divestiture [7][8] - The company reported a net loss of $0.1 million in Q2 2025, an improvement from a net loss of $3 million in Q2 2024 [8][15] - Adjusted EBITDA for Q2 2025 was $43 million, down from $52 million in Q2 2024 [8][15] Year-to-Date Financial Results - For the six months ended June 30, 2025, net sales were $1.2 billion, a 7% decrease compared to the same period in 2024 [15] - Net earnings for the first half of 2025 were $6 million, compared to a net loss of $31 million in the same period in 2024 [15][29] - Free Cash Flow improved to negative $66 million in the first half of 2025, compared to negative $82 million in the same period in 2024 [15][40] Guidance for 2025 - The company maintains its guidance for 2025, projecting a 2% to 6% decline in adjusted annual net sales, adjusted EBITDA between $180 million to $220 million, and free cash flow of $40 million to $60 million [11][15]

Company Overview - Quad/Graphics, Inc. is a marketing experience company that addresses complex marketing challenges for clients through its MX Solutions Suite, which integrates creative, production, and media solutions across various channels [2][3] - The company employs approximately 11,000 people across 11 countries and serves around 2,100 clients, including leading blue-chip companies in multiple industries such as retail, consumer packaged goods, financial services, and health [3] Recent Developments - The Board of Directors of Quad declared a quarterly dividend of $0.075 per share, payable on September 5, 2025, to shareholders of record as of August 18, 2025 [1] Industry Position - Quad is ranked among the largest agency companies in the U.S. by Ad Age, supported by its full-service media agency, Rise, and creative agency, Betty [3] - The company is also recognized as one of the largest commercial printers in North America according to Printing Impressions [3]

Core Insights - Quad/Graphics Inc. is expanding its In-Store Connect retail media network into Vallarta Supermarkets, enhancing shopper engagement and providing new opportunities for consumer packaged goods (CPG) brands [1][2] Company Overview - Quad is a marketing experience company that integrates creative, production, and media solutions across online and offline channels, serving approximately 2,100 clients and employing around 11,000 people in 11 countries [5][6] Partnership Details - The partnership will introduce digital signage in 15 Vallarta stores, focusing on high-traffic areas to promote CPG brands, local products, and special promotions, with messaging available in both English and Spanish [2][3] - Vallarta Supermarkets aims to enhance customer experience and loyalty through innovative tools like In-Store Connect, which allows for effective communication of unique products and savings [3][4] Market Impact - The collaboration is expected to deepen shopper loyalty and create immersive shopping experiences, as 88% of consumers find it easy to remember engaging physical store experiences [4]

Core Viewpoint - Quad/Graphics, Inc. will release its second quarter and year-to-date 2025 financial results on July 29, 2025, followed by a conference call on July 30, 2025, to discuss the results [1][2]. Company Overview - Quad is a marketing experience company that addresses complex marketing challenges for clients through its MX Solutions Suite, which integrates creative, production, and media solutions across various channels [4]. - The company employs approximately 11,000 people across 11 countries and serves around 2,100 clients, including leading blue-chip companies in sectors such as retail, consumer packaged goods, financial services, and health [5]. Conference Call Details - The conference call will be hosted by Joel Quadracci (Chairman, President, and CEO) and Tony Staniak (CFO) [2]. - Participants can pre-register for the webcast or dial in on the day of the call, with an audio replay available shortly after the call ends [3]. Additional Information - Quad is recognized as one of the largest agency companies in the U.S. and one of the largest commercial printers in North America [5]. - The company emphasizes its commitment to responsible operations, intentional innovation, and a values-driven culture [6].

Core Insights - Quad/Graphics, Inc. has been ranked 21st in Ad Age's list of the largest agency companies, marking its sixth consecutive year on the list [1][4]. Company Overview - Quad is a marketing experience company that provides solutions to complex marketing challenges, integrating creative, production, and media services across various channels [5]. - The company employs approximately 11,000 people across 11 countries and serves around 2,100 clients, including major blue-chip companies in sectors such as retail, consumer packaged goods, financial services, and health [6]. Industry Context - The marketing industry is characterized by increasing complexity, with clients facing pressure to drive growth while balancing collaboration with senior talent and comprehensive service offerings [2]. - Ad Age, a leading media brand in marketing, produces an annual report analyzing industry data to rank top advertising and marketing agencies, which includes notable companies like WPP and Publicis alongside Quad [3]. Strategic Approach - Quad emphasizes a culture of collaboration and innovation, utilizing its creative agency, Betty, and media agency, Rise, to enhance marketing effectiveness and foster direct connections between brands and consumers [4][6]. - The company aims to simplify marketing processes by removing friction and tailoring solutions to meet client objectives, thereby driving cost efficiencies and improving speed-to-market [5].

Quad/Graphics, Inc. | 2 4 th Quarter 2014 Earnings Conference Call February 24, 2015 Joel Quadracci Chairman, President & CEO Dave Honan Executive Vice President & CFO Cautionary Note Regarding Forward-Looking Statements To the extent any statements made in this investor presentation contain information that is not historical, these statements are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as ...

Financial Performance - 2015 - Full year net sales were $4.678 billion, compared to $4.862 billion in 2014[11] - Full year Adjusted EBITDA was $462 million, with an Adjusted EBITDA Margin of 9.9%, compared to $543 million and 11.2% respectively in 2014[11] - The company recorded a non-cash goodwill impairment charge of $808 million during 2015[11] - Free cash flow for the year was $215 million[4] Debt and Leverage - The debt leverage ratio was 2.92x as of December 31, 2015[4] - Total debt and capital lease obligations were $1.349 billion as of December 31, 2015[18] - The company aims to operate in a 20x to 2.5x leverage range long-term[19] 2016 Guidance - Net sales are projected to be between $4.4 billion and $4.6 billion[24] - Adjusted EBITDA is expected to be between $420 million and $460 million[24] - Free cash flow is projected to be between $190 million and $230 million[24] Shareholder Returns - The company declared a dividend of $0.30 per share[28] - The dividend yield is 11% based on the closing stock price on February 19, 2016[27]

Financial Performance - Full-year 2016 net sales were $4330 million, compared to $4597 million in 2015[5, 11] - Full-year 2016 Adjusted EBITDA was $480 million, up from $469 million in 2015, with an Adjusted EBITDA Margin of 111% versus 102%[4, 11] - Full-year 2016 Free Cash Flow was $246 million, an increase of $31 million or 14% compared to $215 million in 2015[4, 13] - The company's debt leverage ratio improved to 236x at the end of 2016, compared to 288x at the end of 2015[4, 16, 32] - Fourth-quarter 2016 net sales were $1198 million, compared to $1314 million in 2015[11] - Fourth-quarter 2016 Adjusted EBITDA was $140 million, compared to $154 million in 2015, with an Adjusted EBITDA Margin of 117% for both periods[11, 29] Debt and Capital Structure - The company has paid down $10 billion in debt and pension obligations since July 2010[17] - The company extended maturities by two years on its Revolving Credit Facility ($725 million due January 2021) and Term Loan A ($375 million due January 2021)[19, 20] - The company effectively converted $250 million of variable-rate debt to a fixed rate of 39%[20] 2017 Guidance - The company expects 2017 net sales to be in the range of $41 billion to $43 billion[21] - The company expects 2017 Adjusted EBITDA to be in the range of $440 million to $480 million[21] - The company expects 2017 Free Cash Flow to be in the range of $225 million to $275 million[21]

4 th Quarter 2017 Earnings Call Quad/Graphics, Inc. • To the extent any statements in this investor presentation contain information that is not historical, these statements are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to, among other things, our current expectations about the Company's future results, financial condition, revenue, earning ...

Financial Performance - Net sales for the full year 2018 were $4.1937 billion, compared to $4.1314 billion in 2017[18] - Adjusted EBITDA for the full year 2018 was $414.6 million, with an Adjusted EBITDA Margin of 9.9%, compared to $448.2 million and 10.8% respectively in 2017[18] - Free cash flow for the full year 2018 was $164.3 million, compared to $258.1 million in 2017[18] - The company's debt leverage ratio as of December 31, 2018, was 2.25x[20] Strategic Initiatives - The company is pursuing a Quad 3.0 transformation, focusing on integrated marketing solutions[11] - A pending acquisition of LSC Communications is expected to generate $135 million in net synergies in less than two years[11] - Pro forma net sales for 2018 were $4.3 billion, with Integrated Services accounting for 19%, Targeted Execution for 40%, and Large Scale Execution for 30%[16] 2019 Guidance - The company anticipates net sales between $4.05 billion and $4.25 billion in 2019[26] - Adjusted EBITDA is projected to be between $360 million and $400 million in 2019[26] - Free cash flow before LSC-related payments is expected to be between $145 million and $185 million in 2019[26] Shareholder Returns - The company declared a dividend of $0.30 per share[30] - The dividend yield as of February 19, 2019, was 8%[31]