Quad Reports Fourth Quarter and Full-Year 2024 Results

Core Insights - Quad/Graphics, Inc. reported a reduction in net debt leverage to 1.6x and increased its quarterly dividend by 50% from $0.05 to$0.075 per share, reflecting strong financial performance and strategic progress in 2024 [1][3][11] - The company anticipates a decline in organic annual net sales of 2% to 6% for 2025, while projecting adjusted EBITDA between $180 million and$220 million [12][8] Financial Performance - For the full year 2024, Quad reported net sales of $2.7 billion, a decrease of 9.7$2.96 billion in 2023, primarily due to lower paper sales and print volumes [7][29] - The net loss for 2024 was $51 million, or$1.07 diluted loss per share, an improvement from a net loss of $55 million, or$1.14 diluted loss per share in 2023 [7][29] - Adjusted EBITDA for 2024 was $224 million, down from$234 million in 2023, with an adjusted EBITDA margin increase of 48 basis points to 8.4% [7][38] Cash Flow and Debt Management - The company generated $113 million in net cash from operating activities and$56 million in free cash flow for 2024, alongside $71 million from asset sales [7][8] - Net debt was reduced to$350 million at the end of 2024, a decrease of $684 million or 66$180 million to $220 million and a year-end debt leverage ratio of approximately 1.5x [12][8]