Quad/Graphics, Inc. Q4 2025 Earnings Call Summary

Achieved 2025 financial guidance by prioritizing revenue diversification into high-margin targeted print categories like packaging and in-store marketing. Direct mail performance exceeded expectations due to higher volumes and operational efficiencies gained through the integration of the DM agency model. Net sales for the fourth quarter of 2025 were $631 million, a 5.7% decrease compared to 2024 when excluding the divestiture of European operations, while full year net sales declined 4.8% due to lowe ...