Quad/Graphics(QUAD) - 2022 Q4 - Earnings Call Presentation

Financial Performance - Net sales reached $32 billion in 2022, an 11% increase compared to 2021, excluding divestitures[60] - The company achieved an Adjusted EBITDA of $2522 million for the full year 2022[20] - Adjusted Diluted Earnings Per Share for the full year 2022 was $089[78] - Free Cash Flow for the year ended December 31, 2022, was $943 million[100] Debt Management - Net debt was reduced by $489 million, a 47% reduction over the past three years[46] - Net Debt as of December 31, 2022, was $545 million[22] - The Debt Leverage Ratio as of December 31, 2022, was 216x[22] - The company is targeting approximately 20x Debt Leverage by the end of 2023, a 55% reduction in debt since January 1, 2020[6] 2023 Guidance - The company anticipates an annual net sales change of 0% to 5% decline in 2023[84] - Full-year Adjusted EBITDA is projected to be between $210 million and $250 million in 2023[74]