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Quad/Graphics(QUAD) - 2019 Q4 - Earnings Call Presentation
2025-06-23 15:04
Financial Performance - Net sales for 2019 were $3.9 billion, a decrease from $4.0 billion in 2018 [11] - Adjusted EBITDA for 2019 was $334.9 million, compared to $427.8 million in 2018 [12] - Free cash flow for 2019 was $105.8 million, down from $164.3 million in 2018 [12] - Debt and finance lease obligations stood at $1.1 billion as of December 31, 2019 [14] Sales Breakdown - Large Scale Print accounted for 30% of 2019 net sales, down from 33% in 2018 [11] - Targeted Print represented 39% of 2019 net sales, an increase from 37% in 2018 [11] - Integrated Solutions accounted for 21% of 2019 net sales, up from 20% in 2018 [11] 2020 Guidance - The company projects net sales of $3.5 to $3.7 billion for 2020 [17] - Adjusted EBITDA is expected to be between $285 and $315 million in 2020 [17] - Free cash flow is projected to be $100 to $130 million for 2020 [17]