Financial Data and Key Metrics Changes - In Q4 2025, net sales were $631 million, a decrease of 5.7% compared to Q4 2024, excluding the divestiture of European operations [24] - For the full year 2025, net sales were $2.4 billion, a 4.8% decline compared to 2024, also excluding the European divestiture [24] - Adjusted EBITDA for Q4 2025 was $55 million, down from $63 million in Q4 2024, while full-year adjusted EBITDA was $196 million, compared to $224 million in 2024 [26] - Adjusted diluted earnings per share for Q4 2025 was $0.36, consistent with Q4 2024, while full-year adjusted diluted earnings per share increased by 19% to $1.01 [26] Business Line Data and Key Metrics Changes - Targeted print categories, including direct mail and packaging, experienced net sales growth, while traditional print product lines like magazines and catalogs saw declines [4][25] - The QuadMed employer-sponsored healthcare business also showed revenue increases, offsetting declines in logistics and agency sales [25] Market Data and Key Metrics Changes - The company reported a significant increase in co-mail volumes by over 50%, enhancing carrier route density levels and achieving postal savings [57] - The postal service is expected to implement a mid-year rate increase of 6%-8%, which could impact marketing spend [80] Company Strategy and Development Direction - The company is focused on revenue diversification and has made targeted investments in artificial intelligence to drive efficiency and effectiveness in marketing solutions [4][19] - Quad aims to return to net sales growth by 2028, with a strategic emphasis on integrated marketing solutions and targeted print offerings [4][42] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the operating environment, noting increased confidence among clients and a potential for reinvestment [75] - The company is closely monitoring inflationary pressures and postal rate increases, which could affect marketing spend [40] Other Important Information - The company increased its quarterly dividend by 33% to $0.10 per share, reflecting a commitment to shareholder returns [5][31] - A significant transition in the manufacturing network was announced, with the closure of a plant in Thomaston, Georgia, expected to be completed by early March [22] Q&A Session Summary Question: Insights on direct mail performance and future trends - Management clarified the distinction between direct mail as a product and the direct marketing agency, emphasizing the importance of personalized, data-driven approaches to enhance response rates [47][48] Question: Impact of postal rate increases on catalogs - Management noted that while catalogs have been responsive, the significant increases in postal rates have led to further declines in catalog usage, particularly in prospecting mailings [56] Question: Updates on In-Store Connect and future deployments - Management indicated that there has been an acceleration in conversations and opportunities regarding In-Store Connect, with plans for further rollouts [60] Question: Factors influencing 2026 sales and Adjusted EBITDA guidance - Management highlighted that postal impacts and the momentum in targeted print categories will influence the sales trend, with expectations for improved margins as the revenue mix evolves [66][67] Question: Capital allocation strategy moving forward - Management confirmed a balanced approach to capital allocation, focusing on shareholder returns, potential tuck-in acquisitions, and growth investments [68][69]

Quad/Graphics (NYSE:QUAD) Q4 2025 Earnings call February 18, 2026 08:30 AM ET Company ParticipantsJoel Quadracci - Chairman and CEOJulie Currie - EVP and Chief Revenue OfficerTony Staniak - CFO and TreasurerConference Call ParticipantsBarton Crockett - Managing Director and Senior Research AnalystKevin Steinke - Equity Research AnalystOperatorA slide presentation accompanies today's webcast, and participants are invited to follow along, advancing the slides themselves. To access the webcast, follow the inst ...

Quad/Graphics (NYSE:QUAD) Q4 2025 Earnings call February 18, 2026 08:30 AM ET Speaker4A slide presentation accompanies today's webcast, and participants are invited to follow along, advancing the slides themselves. To access the webcast, follow the instructions posted on the earnings release. Alternatively, you can access the slide presentation on the Investors section of Quad's website under the Events and Presentations link. After today's presentation, there will be an opportunity to ask questions. To ask ...

February 18, 2026 The factors that could cause actual results to materially differ include, among others: the impact of increased business complexity as a result of the Company's transformation to a marketing experience company, including adapting marketing offerings and business processes as required by new markets; the impact of decreasing demand for printing services and significant overcapacity in a highly competitive environment creating downward pricing pressures and potential under-utilization of ass ...

Quad Reports Fourth Quarter and Full-Year 2025 Results [Accessibility Statement] Skip NavigationAchieved 2025 Financial GuidanceIntroduces 2026 Financial Guidance Consistent with Progress Toward 2028 OutlookIncreased Quarterly Dividend by 33% to $0.10 Per ShareSUSSEX, Wis., Feb. 17, 2026 /PRNewswire/ - - Quad/Graphics, Inc. (NYSE: QUAD) ("Quad" or the "Company"), a marketing experience company that solves complex marketing challenges for its clients, today reported results for the fourth quarter and fiscal ...

Core Viewpoint - Quad/Graphics, Inc. announced a 33% increase in its quarterly dividend, reflecting confidence in its cash flow generation and capital allocation strategy [1] Group 1: Dividend Announcement - The Board of Directors approved an increase in the quarterly dividend from $0.075 per share to $0.10 per share, translating to an annualized increase from $0.30 to $0.40 per share [1] - The increased dividend is payable on March 13, 2026, to shareholders of record as of February 27, 2026 [1] Group 2: Company Strategy and Financial Position - The company aims to strengthen its financial position and create long-term shareholder value through disciplined capital allocation and growth investments [1] - Joel Quadracci, Chairman, President, and CEO, emphasized the company's confidence in its cash flow generation and low debt leverage [1] Group 3: Company Overview - Quad is a marketing experience company that provides integrated marketing and print services across various channels, serving approximately 2,100 clients [1] - The company employs around 10,000 people in 10 countries and is recognized as one of the largest commercial printers in North America [1]

Core Insights - Quad/Graphics, Inc. will release its fourth quarter and full-year 2025 financial results on February 17, 2026, after market close [1] - A conference call to discuss the results will be hosted by Quad's Chairman, President, and CEO Joel Quadracci, along with CFO Tony Staniak, on February 18, 2026, at 8:30 a.m. ET [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] - Quad is recognized as one of the largest agency companies in the U.S. and is also one of the largest commercial printers in North America [5]

Core Insights - Quad/Graphics, Inc. narrows its full-year 2025 financial guidance for sales, adjusted EBITDA, and cash flow, indicating a strategic focus on improving operational efficiencies and shareholder value [1][5][12] - The company reported a third-quarter net sales of $588 million, a 13% decline from the same period in 2024, primarily due to lower paper sales and print volumes [8][9] - Quad continues to invest in AI-powered tools and audience intelligence services to enhance marketing effectiveness and drive long-term growth [3][4] Financial Performance - Net sales for the third quarter of 2025 were $588 million, down from $675 million in Q3 2024, reflecting a 13% decline [8][9] - Net earnings improved to $10 million or $0.21 diluted earnings per share in Q3 2025, compared to a net loss of $25 million or $0.52 diluted loss per share in Q3 2024 [9][25] - Adjusted EBITDA for Q3 2025 was $53 million, down from $59 million in the same period last year [9][29] Year-to-Date Results - For the nine months ended September 30, 2025, net sales totaled $1.8 billion, a 9% decrease compared to the same period in 2024 [9][25] - Year-to-date net earnings were $16 million or $0.32 diluted earnings per share, compared to a net loss of $56 million or $1.17 diluted loss per share in 2024 [9][25] - Adjusted EBITDA for the nine months was $141 million, down from $161 million in 2024 [9][25] Shareholder Returns - The company returned $19 million of capital to shareholders year-to-date, consisting of $11 million in cash dividends and $8 million in share repurchases [5][9] - A quarterly dividend of $0.075 per share has been declared, payable on December 5, 2025 [11] Updated Financial Guidance - Quad has updated its full-year 2025 financial guidance, narrowing the adjusted annual net sales change to a 3% to 5% decline, improved from the previous guidance of a 2% to 6% decline [12] - Adjusted EBITDA guidance has been revised to a range of $190 million to $200 million, up from the original range of $180 million to $220 million [12] - The anticipated year-end net debt leverage ratio has been updated from approximately 1.5x to approximately 1.6x [12]

Core Insights - QuadMed has opened a new health center in West Bend, marking its fifth location in Wisconsin to support local employers and their employees [1][4] - The new facility aims to provide accessible and cost-effective health care solutions, enhancing the QuadMed Shared Health Center Network [2][3] Company Overview - QuadMed is a health care experience company that partners with employers to deliver whole-person care, focusing on improving health outcomes and reducing costs [6] - Founded in 1991, QuadMed has expanded its services across Wisconsin and beyond, maintaining a commitment to affordable health care [4][5] Services Offered - The West Bend Health Center provides a variety of services including primary care, occupational health, acute care, virtual care, lab, and pharmacy services [3] - The shared-site model allows employers to enhance employee health while controlling health care spending without the need for their own facilities [2] Commitment to Local Employers - QuadMed emphasizes its dedication to helping Wisconsin employers maximize their health care investments [5] - The company offers resources such as the QuadMed Shared Health Center Network Guidebook to assist employers in understanding available services and costs [5]

Core Insights - Quad/Graphics, Inc. will release its third quarter and year-to-date 2025 financial results on October 28, 2025, after market close [1] - A conference call to discuss the results will be hosted by the CEO and CFO on October 29, 2025, at 8:30 a.m. ET [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, focusing on sectors such as retail, consumer packaged goods, financial services, and health [5] - 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]