Design industry veteran Kirstin Stahl rejoins design practice as Group Creative Director MINNEAPOLIS, Oct. 2, 2024 /PRNewswire/ -- Today, creative agency Betty (a Quad agency) announced the return of Kirstin Stahl as the company's newest Group Creative Director (GCD) for its dedicated design practice, Favorite Child. Stahl reports to Vice President, Head of Design, Veronica Padilla, and will be responsible for bolstering the momentum and success of Favorite Child's brand and packaging design offering for br ...

SUSSEX, Wis., Sept. 23, 2024 /PRNewswire/ -- Quad/Graphics, Inc. (NYSE: QUAD), a global marketing experience company, today announced a collaboration with Google Cloud to leverage its cloud services in the development of a data, creative and personalization powerhouse. Quad's leading-edge solutions are designed to give advertisers and marketers exceptional accuracy, transparency and cost-efficiency in making direct connections – on-line and off-line – with their customers. By empowering Quad's proprietary d ...

Core Insights - Quad/Graphics, Inc and the Windhover Foundation announced a new three-year, $1 million investment in The BrandLab to create career opportunities for diverse youth in marketing [1][2] - The partnership aims to enhance The BrandLab's programs, including increasing BIPOC youth exposure by 20% and internship placements by 40% by 2027 [2][3] Investment and Commitment - The new investment builds on a previous three-year, $1 million commitment made in 2021 to support The BrandLab's expansion in Milwaukee [1] - Quad's investment will support the enhancement of Fearless Workshops and events to introduce high school students to marketing careers [2] Scholarship Program - A new scholarship program has been established to support students pursuing degrees in marketing or advertising, including the Future Innovators Scholarship for Milwaukee youth [3] - The 2024 scholarship recipient is Cristal Ortiz, a junior at the University of Wisconsin-Madison, highlighting the program's impact on first-generation students [3] Impact and Achievements - Since its founding in 2009, The BrandLab has placed over 500 interns in various corporations and agencies, with a 94% full-time employment rate for recent graduates [3] - In the last three years, Quad has helped establish 35 partner relationships and placed 81 interns in Milwaukee [4] Company Overview - Quad is a global marketing experience company employing approximately 13,000 people across 14 countries, serving around 2,700 clients [6] - The company focuses on various industry verticals, including retail, consumer packaged goods, financial services, and health [6]

Investor Conferences - Quad/Graphics, Inc. will participate in the Midwest IDEAS Investor Conference on August 28, 2024, where CFO Tony Staniak will present and hold meetings with investors [1][2] - The company will also attend the Barrington Research Virtual Fall Investment Conference on September 12, 2024, with Tony Staniak and Don Pontes available for meetings [2] Investor Day - Quad will host its inaugural Investor Day on November 20, 2024, in New York City, starting at 8:30 a.m. ET and concluding around 12:00 p.m. ET [2][3] - The event will feature presentations from key management, including Chairman, President, and CEO Joel Quadracci, focusing on the company's strategy, growth opportunities, and long-term financial targets [3] Company Overview - Quad is a global marketing experience company that connects brands with consumers through various channels, including in-store and online [4] - The company employs approximately 13,000 people across 14 countries and serves around 2,700 clients, including major blue-chip companies in sectors like retail, consumer packaged goods, financial services, and health [5] - Quad is recognized as one of the largest agency companies in the U.S. and is also a leading commercial printer in North America [5]

SUSSEX, Wis., Aug. 15, 2024 /PRNewswire/ -- Quad/Graphics, Inc. (NYSE: QUAD), a global marketing experience company, announced today the appointment of marketing and advertising industry leader Courtney Ballantini to the position of Senior Vice President and Head of Client Experience at Rise, Quad's full-service integrated media agency. Ballantini will oversee all Rise client relationships and lead the Client Experience team in delivering media solutions and omnichannel execution that meet the evolving and ...

Quad 88 July 31, 2024 2nd Quarter 2024 Earnings Call Call Participants & Forward-Looking Statements Chairman, President & Chief Executive Officer Chief Financial Officer This communication contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, our current expectations about the Company's future results, financial condition, sales, earnings, free cash flow, margins, ...

Financial Data and Key Metrics Changes - Net sales for Q2 2024 were $634 million, a 10% decline compared to Q2 2023, with year-to-date net sales at $1.3 billion, a 12% decline from the first half of 2023 [18][19] - Adjusted EBITDA for Q2 2024 was $52 million, up from $50 million in Q2 2023, with an adjusted EBITDA margin increase of 100 basis points to 8.2% [20] - Adjusted diluted earnings per share increased to $0.12 in Q2 2024 from $0.02 in Q2 2023, with year-to-date adjusted diluted earnings per share at $0.22 compared to $0.17 in 2023 [21] Business Line Data and Key Metrics Changes - Print volumes were negatively impacted by external headwinds, including postal rate increases and elevated interest rates, leading to a decline in paper, print, and agency solution sales [4][18] - Magazines and catalogs increased as a portion of net sales mix by 3% due to recent segment share wins, such as AARP [19] - The company launched "In-Store Connect" to enhance retail media networks, partnering with Save Mart and Homeland Stores to drive consumer engagement [6][28] Market Data and Key Metrics Changes - Latin American net sales decreased by 2% primarily due to lower educational book volume exported to the U.S. [19] - The retail media networks are expected to grow significantly, with eMarketer predicting ad spend in omnichannel retail media networks to exceed $100 billion by 2027 [5] Company Strategy and Development Direction - The company is focusing on expanding its presence in retail media networks and enhancing its marketing experience offerings through integrated service excellence [5][6] - The launch of "Betty," a creative agency, aims to provide fully integrated, flexible creative solutions to meet market demands [7][8] - The company is committed to managing costs as variable and optimizing its manufacturing platform for efficiency [4] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing macroeconomic headwinds, including postal rate increases and elevated interest rates, impacting sales guidance [26] - The company expects a seasonal ramp-up in sales during the second half of 2024, driven by restructuring benefits and increased sales during peak periods [48] - Management expressed confidence in the pipeline for new business and the potential for growth in verticals with significant expansion opportunities [17] Other Important Information - The company anticipates generating over $740 million in free cash flow and proceeds from asset sales from 2020 to 2024, aiming to reduce net debt by over $600 million during the same period [22] - The company reaffirmed its full-year guidance, expecting a net sales decline of 5% to 9% for 2024 [26][27] Q&A Session Summary Question: What is the pipeline for your retail media networks? - Management indicated that the retail media networks are developing quickly, with significant interest from retailers to capitalize on the opportunity [31][32] Question: How do you view competition in the retail media network landscape? - Management acknowledged competition but emphasized their unique full-service offering, which includes content creation and digital screen deployment [37][38] Question: Can you provide an update on asset sales? - Management confirmed that four properties are for sale, with ongoing interest and a belief that they will eventually sell [51][54] Question: How is the competitive environment affecting your business? - Management noted that while there are pressures, they have gained segment share and are well-positioned to help clients offset postal rate increases [55][56]

This quarterly report represents an earnings surprise of 71.43%. A quarter ago, it was expected that this printing company would post earnings of $0.02 per share when it actually produced earnings of $0.10, delivering a surprise of 400%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the ...

FOR IMMEDIATE RELEASE • Achieved Non-GAAP Adjusted EBITDA of $52 million in the second quarter of 2024, increased from $50 million in the second quarter of 2023, and delivered $0.12 Adjusted Diluted Earnings Per Share for the second quarter of 2024. • Declared quarterly dividend of $0.05 per share. • Net Sales were $634 million in the second quarter of 2024, a decrease of 10% compared to the same period in 2023 primarily due to lower print volumes, a higher mix of lower unit price gravure versus offset prin ...

Company continues to drive its marketing experience strategy, launching multiple innovative service offerings SUSSEX, Wis., July 30, 2024 /PRNewswire/ -- Quad/Graphics, Inc. (NYSE: QUAD) ("Quad" or the "Company"), a global marketing experience company, today reported results for the second quarter ended June 30, 2024. Recent Highlights During the second quarter, Quad continued to focus on differentiating itself as a marketing experience company. Post this Recognized Net Sales of $634 million in the second q ...