Quad/Graphics(US:QUAD)2025-07-30 12:30Financial Performance & Guidance - Net sales for the second quarter of 2025 were $571.9 million, compared to $634.2 million in the second quarter of 2024[33] - Adjusted EBITDA for the second quarter of 2025 was $43.3 million, with an Adjusted EBITDA Margin of 7.6%[33, 51] - The company anticipates a 2% to 6% decline in adjusted annual net sales for 2025, excluding the divested European operations[41, 44] - Full-year Adjusted EBITDA is projected to be between $180 million and $220 million for 2025[41] - Free cash flow is expected to be between $40 million and $60 million for the full year 2025[41] Debt & Leverage - Net debt as of June 30, 2025, was $448.2 million[54] - The debt leverage ratio as of June 30, 2025, was 2.13x[54] - The company aims for a long-term targeted debt leverage range of 1.5x to 2.0x[43] Strategic Initiatives & Market Trends - Quad's proprietary core dataset features 250 million consumers, mapped to their physical home address[9] - A survey indicates that 71% of consumers feel a deeper connection and loyalty to brands experienced in physical stores[21] - 71% of consumers find print catalogs and magazines more authentic than digital campaigns[21]