Quad/Graphics(US:QUAD)2025-10-29 12:30Financial Performance - Net sales for the third quarter of 2025 were $588 million, compared to $674.8 million in the same period of 2024[34] - Adjusted EBITDA for the third quarter of 2025 was $52.6 million, with an Adjusted EBITDA Margin of 8.9%[34, 54] - Adjusted diluted earnings per share for the third quarter of 2025 was $0.31[34, 59] - Free cash flow year-to-date was negative $86.5 million[34, 56] - The company narrowed ranges for sales, Adjusted EBITDA and cash flow, representing continued progress in support of long-term financial goals[5] Strategic Initiatives - The company is investing in AI-powered tools and systems, data and audience intelligence services, and its In-Store Connect retail media network[5] - The company executed $8 million of share repurchases as part of its balanced capital allocation strategy[5, 34] - Quad's MX Suite of products and services is flexibly tailored for the unique needs of the marketer[7] - Quad's proprietary core dataset features 250 million consumers, mapped to a resilient identifier ⎯ their physical home address ⎯ coupled with additional data and contextual insights that can be activated across any media channel[9] Updated Guidance - Adjusted Annual Net Sales are expected to decline by 3% to 5%[44, 46] - Full-Year Adjusted EBITDA is projected to be between $190 million and $200 million[44, 46] - Free Cash Flow is expected to be between $50 million and $60 million[44, 46] - Year-End Net Debt Leverage Ratio is anticipated to be approximately 1.6x[44, 46]