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]

Core Insights - QuadMed has partnered with Utz Brands to manage the Utz Health & Wellness Center, enhancing personalized health care services for over 4,300 eligible members [1][2][3] - The transition to QuadMed aims to improve health outcomes and deliver measurable value to employers by integrating primary care and occupational health [3][4] - QuadMed's model focuses on whole-person care, which is customized for each patient, reflecting a commitment to employee well-being and productivity [4][5] Company Overview - QuadMed is a health care experience company that provides direct access to whole-person care for employees and families, with over 30 years of experience in improving health and reducing costs [5] - Quad, the parent company of QuadMed, is a marketing experience company that offers a comprehensive range of marketing and print services, serving approximately 2,100 clients across various industries [6][7] - Utz Brands, Inc. manufactures a diverse portfolio of savory snacks and has a strong family heritage, distributing products nationally through multiple channels [9]

Core Viewpoint - Quad/Graphics, Inc. has expanded its financial resources by adding Flagstar Bank to its lending group, increasing its Term Loan A by $20 million to $371 million and revolving credit availability by $15 million to $340 million [1][2]. Group 1: Financial Developments - The addition of Flagstar Bank enhances Quad's financial flexibility and supports its capital allocation strategy [2]. - The total outstanding principal amount of Quad's Term Loan A is now $371 million, while its revolving credit availability has increased to $340 million [1]. Group 2: Company Overview - Quad is a marketing experience company that provides integrated marketing and print services, leveraging technology and data-driven intelligence to simplify marketing complexities [3]. - The company employs approximately 11,000 people across 11 countries and serves around 2,100 clients, including major blue-chip companies in various sectors such as retail, financial services, and health [4].

Core Insights - Quad/Graphics, Inc. has appointed Kristin "KJ" Jones and Evan Hughes as Senior Vice Presidents at Rise, a Quad agency, to lead integrated teams focused on transforming client go-to-market strategies [1][3][4] Group 1: Leadership and Strategy - Jones and Hughes will leverage their extensive agency experience and Quad's proprietary data stack to enhance client engagement through intelligent segmentation and measurement [2][4] - Jones, with over 20 years of experience, will lead client acquisition and service, collaborating with senior executives to align marketing strategies for client growth [4][5] - Hughes will focus on transformation and operational excellence, bringing a strategic perspective to agency development and leading initiatives that drive client business growth [5][6] Group 2: Agency Capabilities - Rise is a full-service, omnichannel media agency that integrates audience, media, and measurement strategies, utilizing advanced analytics to achieve measurable business outcomes [6][7] - The agency serves clients across various industries, including consumer packaged goods, retail, health, entertainment, and technology, adapting to market dynamics [6][8] Group 3: Company Overview - Quad employs approximately 11,000 people across 11 countries and serves around 2,100 clients, including leading companies in multiple sectors [8][9] - Quad is recognized as one of the largest agency companies in the U.S. and is a significant player in commercial printing in North America [9]

Core Insights - Quad/Graphics, Inc. reaffirmed its full-year 2025 financial guidance while continuing to invest in strategic growth areas such as data and audience intelligence, AI-enabled tools, and in-store retail media networks [1][3][11] Recent Highlights - The second quarter results met expectations, with ongoing investments aimed at differentiating the company as a marketing experience provider [3][4] - Quad launched Audience Builder 2.0, an AI-powered tool enhancing audience targeting capabilities [4][7] - A new partnership was established with Vallarta Supermarkets, expanding the In-Store Connect retail media network [5][7] Financial Performance - Net Sales for Q2 2025 were $572 million, a 10% decline from $634 million in Q2 2024, with a 4% decline when excluding the impact of the European operations divestiture [7][8] - The company reported a net loss of $0.1 million in Q2 2025, an improvement from a net loss of $3 million in Q2 2024 [8][15] - Adjusted EBITDA for Q2 2025 was $43 million, down from $52 million in Q2 2024 [8][15] Year-to-Date Financial Results - For the six months ended June 30, 2025, net sales were $1.2 billion, a 7% decrease compared to the same period in 2024 [15] - Net earnings for the first half of 2025 were $6 million, compared to a net loss of $31 million in the same period in 2024 [15][29] - Free Cash Flow improved to negative $66 million in the first half of 2025, compared to negative $82 million in the same period in 2024 [15][40] Guidance for 2025 - The company maintains its guidance for 2025, projecting a 2% to 6% decline in adjusted annual net sales, adjusted EBITDA between $180 million to $220 million, and free cash flow of $40 million to $60 million [11][15]

Company Overview - Quad/Graphics, Inc. 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 [2][3] - The company employs approximately 11,000 people across 11 countries and serves around 2,100 clients, including leading blue-chip companies in multiple industries such as retail, consumer packaged goods, financial services, and health [3] Recent Developments - The Board of Directors of Quad declared a quarterly dividend of $0.075 per share, payable on September 5, 2025, to shareholders of record as of August 18, 2025 [1] Industry Position - Quad is ranked among the largest agency companies in the U.S. by Ad Age, supported by its full-service media agency, Rise, and creative agency, Betty [3] - The company is also recognized as one of the largest commercial printers in North America according to Printing Impressions [3]

Core Viewpoint - Quad/Graphics, Inc. will release its second quarter and year-to-date 2025 financial results on July 29, 2025, followed by a conference call on July 30, 2025, to discuss the results [1][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]. Conference Call Details - The conference call will be hosted by Joel Quadracci (Chairman, President, and CEO) and Tony Staniak (CFO) [2]. - Participants can pre-register for the webcast or dial in on the day of the call, with an audio replay available shortly after the call ends [3]. Additional Information - 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]. - The company emphasizes its commitment to responsible operations, intentional innovation, and a values-driven culture [6].

Core Insights - Quad/Graphics, Inc. has been ranked 21st in Ad Age's list of the largest agency companies, marking its sixth consecutive year on the list [1][4]. Company Overview - Quad is a marketing experience company that provides solutions to complex marketing challenges, integrating creative, production, and media services across various channels [5]. - The company employs approximately 11,000 people across 11 countries and serves around 2,100 clients, including major blue-chip companies in sectors such as retail, consumer packaged goods, financial services, and health [6]. Industry Context - The marketing industry is characterized by increasing complexity, with clients facing pressure to drive growth while balancing collaboration with senior talent and comprehensive service offerings [2]. - Ad Age, a leading media brand in marketing, produces an annual report analyzing industry data to rank top advertising and marketing agencies, which includes notable companies like WPP and Publicis alongside Quad [3]. Strategic Approach - Quad emphasizes a culture of collaboration and innovation, utilizing its creative agency, Betty, and media agency, Rise, to enhance marketing effectiveness and foster direct connections between brands and consumers [4][6]. - The company aims to simplify marketing processes by removing friction and tailoring solutions to meet client objectives, thereby driving cost efficiencies and improving speed-to-market [5].