QUAD

Quad Graphics (NYSE:QUAD) reported second-quarter results that were in line with its expectations, with net sales rising 1% year over year to $578 million and adjusted EBITDA declining modestly to $42 million from $43 million a year earlier. Chairman and Chief Executive Officer Joel Quadracci said the company remains on track to meet its full-year 2026 guidance and is continuing to invest in targeted print categories, packaging, agency services and in-store retail media as part of its transformation into a marketing experience company. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now “During the quarter, net sales increased compared to the second quarter of 2025, representing progress toward our 2028 projected full-year revenue growth,” Quadracci said. He also cited strong second-quarter free cash flow and a balance sheet that enabled the company to return $13 million to shareholders during the first half, including $10 million in dividends and $3 million in share repurchases. Chief Financial Officer and Treasurer Tony Staniak said second-quarter sales growth was driven primarily by higher paper sales through Quad Supplied Paper and higher logistics revenue. Direct mail and in-store print operations also posted growth during the quarter, according to Staniak. → 3 Value ETFs to Consider as Growth Stocks Lag Behind For the first six months of 2026, net sales totaled $1.2 billion. Sales declined 2% from the prior-year period when excluding the effect of the February 2025 divestiture of Quad’s European operations. The year-to-date decline reflected lower large-scale print volumes and agency solution sales, partly offset by paper sales. Revenue mix improved in some of the company’s targeted categories. Targeted print offerings, including direct mail, packaging and install, represented a 2% larger share of total sales in the first half than a year earlier. Logistics increased by 1% as a percentage of sales, supported by fuel surcharges, volumes and expanded list services through co-mail operations. → 5 AI Stocks Are Pulling Back—Which Growth Catalysts Still Look Strongest? Those gains were offset by an expected 2% organic decline in large-scale print product lines, including magazines and retail inserts, as well as a 1% decline in agency solutions. Staniak said agency sales continued to be affected by spending pullbacks from certain existing clients and the company’s evolution from project-based work toward omnichannel agency-of-record relationships. Adjusted EBITDA margin was 7.3% in the second quarter, down from 7.6% a year earlier, largely because paper, ink and fuel-related revenue carries lower margins. Staniak said fuel and ink surcharges had a low-double-digit-million-dollar impact during the first half, helping preserve EBITDA dollars but not providing incremental profitability. Adjusted diluted earnings per share rose to $0.24 from $0.14 in the prior-year quarter. The increase reflected higher net earnings, lower interest expense from debt reduction, and lower depreciation and amortization, Staniak said. Quad is opening a 100,000-square-foot packaging facility in Salt Lake City that is expected to begin operations in the fourth quarter. The facility will complement packaging operations in Franklin, Wisconsin, and Spartanburg, South Carolina, while giving the company a Western U.S. presence. Quadracci said the site is intended to reduce lead times and improve logistics for customers, while positioning Quad near consumer packaged goods companies and co-manufacturers in the region. The company expects the facility to ramp with existing customer work and new opportunities. Staniak said the project requires less than $10 million of capital expenditures, is included in the company’s 2026 capital spending guidance, and could contribute low-double-digit millions of revenue in 2027. At full scale, Quad’s packaging plants generally generate roughly $45 million to $50 million in revenue, he said. Packaging currently represents about $135 million in annual revenue, according to Staniak. Quadracci said the company sees opportunity in folding cartons, including demand associated with consumer brands’ efforts to shift away from plastic packaging. Quad is targeting higher-value packaging categories rather than more commoditized products. The company also highlighted expansion in its In-Store Connect retail media offering. Wakefern Food Corp. selected Quad’s Rise agency as its media agency of record and plans to deploy In-Store Connect at 30 ShopRite locations later this year. Vallarta, a California grocery chain, has decided to more than double its in-store count following an initial test, while another unnamed West Coast grocer plans to deploy the offering across an initial 25 stores. Quadracci said Quad expects its in-store retail media network to grow from about 70 stores currently to nearly 130 stores as the new deployments are completed. Revenue from the offering remains low at this stage, Staniak said, but Quadracci emphasized that expanding the store network can attract more consumer packaged goods advertising budgets and additional retail partners. Year-to-date free cash flow was negative $66 million, unchanged from the first half of 2025, reflecting the seasonal nature of Quad’s business. However, second-quarter free cash flow improved by approximately $7 million year over year to $41 million. The company generally expects negative free cash flow through the first nine months, followed by significant fourth-quarter generation as collections rise after its production peak. Quad reduced net debt by $54 million, or 12%, from June 30, 2025, after adjusting for seasonal factors. Its second-quarter debt carried a blended interest rate of 6.6%, and available liquidity was $208 million. Its next significant debt maturity, totaling $205 million, is due in October 2029. The company has not received the first approximately $6 million installment due under a note receivable associated with the sale of its European operations to Capmont. Staniak said Quad received limited payments in the second quarter and expects additional limited payments in the third quarter as Capmont pursues alternatives to meet its obligation. Quad also recorded a $17 million accrual following an adverse income tax and value-added tax litigation ruling related to a 2011 audit assessment involving a Mexican subsidiary acquired in the World Color transaction. The final settlement amount and timing remain uncertain. Management said proceeds from the planned sale of its Lima, Peru, building are expected to substantially offset cash payments related to the Mexico tax matter, although timing is uncertain. Quad reaffirmed its 2026 outlook despite the planned wind-down of Peru operations. The company continues to expect net sales to decline 1% to 5% from 2025, excluding $23 million of prior-year sales tied to the European business divestiture. It forecast adjusted EBITDA of $175 million to $215 million and free cash flow of $40 million to $60 million. Management expects sales and EBITDA to increase in the third and fourth quarters as the company enters its seasonal production peak. Full-year capital expenditures are projected at $55 million to $65 million, including investments in automation, digital presses, direct mail and In-Store Connect. Quadracci said geopolitical instability and related pressures on petrochemical supply chains continue to raise costs, particularly for ink, while energy and transportation costs remain volatile. The company is responding through supplier diversification, inventory planning and targeted price actions. He also pointed to postage as a significant challenge for mailing customers after the U.S. Postal Service implemented a July 12 increase that Quad estimates will raise postage costs by up to 10% for many clients. Quad supports Postmaster General David Steiner’s proposal for public-service reimbursement tied to universal service obligations, which Quadracci said could reduce the Postal Service’s reliance on price increases over time. Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels. The company's core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Quad Graphics Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

This article first appeared on GuruFocus. Net Sales: $578 million in Q2 2026, a 1% increase compared to Q2 2025. First Half Net Sales: $1.2 billion, a 2% decline compared to the first half of 2025. Adjusted EBITDA: $42 million in Q2 2026, compared to $43 million in Q2 2025; margin declined from 7.6% to 7.3%. Adjusted Diluted Earnings Per Share: $0.24 in Q2 2026, up from $0.14 in Q2 2025, a 71% increase. Free Cash Flow: Negative $66 million year-to-date as of June 30, 2026, with $41 million generated in Q2 2026. Share Repurchases: 445,000 shares repurchased year-to-date for approximately $3 million. Dividend: $0.10 per share quarterly, increased by 33% in Q1 2026. Net Debt Reduction: Reduced by $54 million or 12% from June 30, 2025, to June 30, 2026. Debt Maturity: Next significant maturity of $205 million due in October 2029. 2026 Guidance: Net sales expected to decline 1% to 5% compared to 2025; adjusted EBITDA expected between $175 million and $215 million. Warning! GuruFocus has detected 6 Warning Signs with QUAD. Is QUAD fairly valued? Test your thesis with our free DCF calculator. Release Date: July 29, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Quad/Graphics Inc (NYSE:QUAD) reported net sales of $578 million in Q2 2026, marking a 1% increase compared to Q2 2025. The company generated strong free cash flow in the second quarter, improving by approximately $7 million from Q2 2025. Quad/Graphics Inc (NYSE:QUAD) returned $13 million to shareholders in the first half of 2026, including $10 million in regular cash dividends and $3 million in share repurchases. The expansion of the packaging business into Salt Lake City is expected to enhance logistics efficiency and reduce lead times for clients. Quad/Graphics Inc (NYSE:QUAD) continues to invest in AI and automation to optimize production schedules and improve client outcomes. Adjusted EBITDA margin declined from 7.6% in Q2 2025 to 7.3% in Q2 2026, primarily due to the mix of net sales. The company experienced cost pressures, particularly in ink, due to ongoing geopolitical instability and volatility in energy markets. Postage remains a significant macroeconomic challenge, with the USPS implementing a recent increase that could impact mailing clients. Quad/Graphics Inc (NYSE:QUAD) reported a year-to-date free cash flow of negative $66 million as of June 30, 2026. The company is dealing with a past due payment of approximately $6 million from the divestiture of its European operations. Q: Did you witness any growth outside of paper and logistics, and why didn't you tighten the annual revenue guidance with the upside? A: Anthony Staniak, CFO: We saw revenue growth in direct mail and in-store print operations, in addition to paper sales and ink surcharges due to increased petrochemical rates. The gross margin was impacted by these surcharges, which are more like pass-through at lower profit rates. We typically don't narrow revenue guidance until after the third quarter due to the seasonal nature of our business. Q: Can you discuss the new business with Wakefern and how you plan to scale it from the starting point at 30 ShopRite stores? A: J.Joel Quadracci, CEO: Wakefern is expanding its relationship with us, including a full test of 30 stores for in-store Connect. This is significant as it enhances our presence in the Northeast, a key geography for CPGs. The more stores we add, the more attractive we become to CPGs, allowing us to potentially secure larger national budgets. Q: How are the price increases you've implemented to offset cost pressures contributing to sales, and how should we think about this in the second half? A: J.Joel Quadracci, CEO: We've implemented surcharges for logistics and ink due to volatility in diesel and petrochemical costs. These adjustments help maintain our adjusted EBITDA dollars. We expect these trends to continue into the second half, influenced by geopolitical factors. Q: Can you elaborate on the packaging plant in Salt Lake City and its expected impact on capacity utilization and revenue? A: J.Joel Quadracci, CEO: The new plant will start with existing work and has a lot of potential in the pipeline. We expect it to ramp up quickly, contributing to revenue growth in 2027. The plant is part of our strategy to offer integrated solutions and capitalize on the shift from plastics to folding cartons. Q: How does the packaging business fit into your long-term strategy, and what is its current revenue contribution? A: J.Joel Quadracci, CEO: Packaging is part of our marketing flywheel, offering integrated solutions to clients. It currently contributes around $135 million in revenue. We see growth opportunities due to environmental shifts away from plastics and our ability to offer high-value packaging solutions. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Quad/Graphics (QUAD) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.2 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +20.00%. A quarter ago, it was expected that this printing company would post earnings of $0.22 per share when it actually produced earnings of $0.25, delivering a surprise of +13.64%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Quad/Graphics, which belongs to the Zacks Advertising and Marketing industry, posted revenues of $577.5 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 5.33%. This compares to year-ago revenues of $571.9 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Quad/Graphics shares have added about 35.6% since the beginning of the year versus the S&P 500's gain of 8.3%. While Quad/Graphics has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Quad/Graphics was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.34 on $572.3 million in revenues for the coming quarter and $1.20 on $2.32 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Advertising and Marketing is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Gambling.com Group Limited (GRSD), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 13. This company is expected to post quarterly loss of $0.04 per share in its upcoming report, which represents a year-over-year change of -110.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Gambling.com Group Limited's revenues are expected to be $37.5 million, down 5.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Quad Graphics, Inc (QUAD) : Free Stock Analysis Report Gambling.com Group Limited (GRSD) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Realizes Net Sales Increase in the Second Quarter and Reaffirms Full-Year 2026 Financial Guidance SUSSEX, Wis., July 28, 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 second quarter ended June 30, 2026. Recent Highlights Realized Net Sales of $578 million in the second quarter of 2026 compared to $572 million in the second quarter of 2025, representing a 1% increase in Net Sales. Recognized Net Earnings of $4 million and $0.07 Diluted Earnings Per Share in the second quarter of 2026, compared to a Net Loss of $0.1 million and $0.00 Diluted Loss Per Share in 2025. Reported Non-GAAP Adjusted EBITDA of $42 million in the second quarter of 2026, compared to $43 million in 2025. Achieved $0.24 Adjusted Diluted Earnings Per Share in the second quarter of 2026, an increase of 71% from $0.14 per share in 2025. Earned industry recognition for Rise media agency through inclusion in Forrester's report, "The Media Management Services Landscape, Q2 2026."* Named strategic marketing partner to Wakefern Food Corp., with Rise serving as client's media AOR and In-Store Connect by Quad to deploy across 30 ShopRite locations later this year. Enhancing the national footprint of Quad's Packaging business with the addition of a new 100,000 square-foot facility in Salt Lake City, Utah. Repurchased 0.4 million shares of Quad Class A common stock in 2026, bringing total repurchases to 7.9 million shares since commencing buybacks in 2022, representing 14.1% of Quad's March 31, 2022, outstanding shares. Declared quarterly dividend of $0.10 per share payable September 4, 2026. Reaffirms full-year 2026 financial guidance. Joel Quadracci, Chairman and Chief Executive Officer of Quad, said: "We continue to execute our long-term strategy by investing in growth-oriented offerings across our agency solutions and targeted print businesses. We announced the westward expansion of our Packaging division with a new facility in Salt Lake City, which is expected to be operational in the fourth quarter of 2026. This investment rounds out a national manufacturing footprint for our Packaging business, enhancing our ability to serve both national brands and regional packaging clients with greater speed, flexibility and reach. "We also continue to deepen existing account relationships and expand opportunities as clients adopt more of our integrated creative, media and marketing solutions. For example, we have broadened our work with long-time print client Wakefern, the nation's largest retailer-owned grocery cooperative, to include Rise's media services; content creation; and In-Store Connect, our in-store retail media network solution, in 30 of its ShopRite stores. "As we continue to invest in long-term growth, we remain equally focused on driving productivity and operational excellence. Through automation, AI-enabled tools and disciplined cost management, we continue to strengthen our operating model and drive strong productivity in our print business lines. Supported by these efforts, we remain on track to achieve our full-year guidance despite ongoing macroeconomic and geopolitical uncertainty." Added Tony Staniak, Chief Financial Officer and Treasurer of Quad: "Net Sales grew year-over-year in the second quarter of 2026, driven by higher paper sales and logistics sales, representing progress toward our 2028 projected full-year revenue growth. Adjusted EBITDA and Free Cash Flow were essentially flat compared to 2025 and consistent with our full-year financial guidance. We continue to monitor inflation, economic and global trade dynamics, and geopolitical tensions, and are adjusting as necessary to mitigate their impact on our business and our clients. While continuing to invest to drive long-term growth, we returned $13 million to shareholders during the first half of 2026 through our quarterly dividend of $0.10 per share and share repurchases. We expect to remain opportunistic in terms of future share repurchases." Second Quarter 2026 Financial Results Net Sales were $578 million in the second quarter of 2026, an increase of 1% compared to the same period in 2025. The increase in Net Sales was primarily due to higher paper sales and higher logistics sales. Net Earnings were $4 million, or $0.07 Diluted Earnings Per Share, in the second quarter of 2026 compared to a Net Loss of $0.1 million, or $0.00 Diluted Loss Per Share, in the second quarter of 2025. The improvement was primarily due to lower interest expense, lower depreciation and amortization, and lower selling, general and administrative expenses, partially offset by the impact from increased income tax expense and increased restructuring, impairment and transaction-related charges, net. Diluted Earnings Per Share were also higher due to the increase in Net Earnings. Adjusted EBITDA was $42 million in the second quarter of 2026, compared to $43 million in the same period in 2025. The decrease was primarily due to the mix of Net Sales. Adjusted Diluted Earnings Per Share was $0.24 in the second quarter of 2026, as compared to $0.14 in the second quarter of 2025. Year-to-Date 2026 Financial Results Net Sales were $1.2 billion in the six months ended June 30, 2026, a decrease of 4% compared to the same period in 2025. Excluding the 2% impact of the divestiture of the Company's European operations, Net Sales declined 2%. The decline in Net Sales was primarily due to lower print volumes and lower agency solutions sales, partially offset by higher paper sales. Net Earnings were $10 million, or $0.20 Diluted Earnings Per Share, in the six months ended June 30, 2026, compared to Net Earnings of $6 million, or $0.11 Diluted Earnings Per Share, in the same period in 2025. The improvement was primarily due to lower interest expense, lower selling, general and administrative expenses, and lower depreciation and amortization, partially offset by the impact from lower Net Sales, higher income tax expense, and higher restructuring, impairment and transaction-related charges, net. Adjusted EBITDA was $87 million in the six months ended June 30, 2026, as compared to $89 million in the same period in 2025. The decrease was primarily due to the impact of lower Net Sales and the impact from the mix of Net Sales, partially offset by lower selling, general and administrative expenses. Adjusted Diluted Earnings Per Share was $0.48 in the six months ended June 30, 2026, as compared to $0.34 in the same period in 2025, an increase of 41%. Net Cash Used in Operating Activities was $41 million in the six months ended June 30, 2026, compared to $42 million year-to-date in 2025. Free Cash Flow was negative $66 million in both year-to-date 2026 and 2025. As a reminder, the Company historically generates most of its Free Cash Flow in the fourth quarter of the year. Net Debt was $394 million at June 30, 2026, as compared to $308 million at December 31, 2025, and $448 million at June 30, 2025. Compared to December 31, 2025, Net Debt increased primarily due to negative $66 million in Free Cash Flow and the payment of cash dividends and share repurchases. When removing seasonality, Net Debt decreased $54 million or 12%. Dividend Quad's next quarterly dividend of $0.10 per share will be payable on September 4, 2026, to shareholders of record as of August 17, 2026. 2026 Guidance The Company's full-year 2026 financial guidance is unchanged and is as follows: Conference Call and Webcast Information Quad will hold a live webcast and conference call to discuss the results on Wednesday, July 29, 2026, at 8:30 a.m. ET. Those wishing to participate via the webcast should access the call through the investor relations section of Quad's website at quad.com/investor-relations. Those wishing to participate via telephone may dial in at 877-328-5508 (USA) or 412-317-5424 (International). Participants may pre-register for the conference call at https://dpregister.com/sreg/10210027/104504e2940. The webcast replay will be available through the investor relations section of Quad's website. *Forrester Objectivity Statement Forrester does not endorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources. Opinions reflect judgment at the time and are subject to change. This report is part of a broader collection of Forrester resources, including interactive models, frameworks, tools, data, and access to analyst guidance. For more information, read about Forrester's objectivity here. About Quad Quad (NYSE: QUAD) is a marketing experience, or MX, company that helps brands make direct consumer connections, from household to in-store to online. The company does this through its MX Solutions Suite, a comprehensive range of marketing and print services that seamlessly integrate creative, production and media solutions across online and offline channels. Supported by state-of-the-art technology and data-driven intelligence, Quad simplifies the complexities of marketing by removing friction wherever it occurs along the marketing journey. The company tailors its uniquely flexible, scalable and connected solutions to each client's objectives, driving cost efficiencies, improving speed-to-market, strengthening marketing effectiveness and delivering value on client investments. Quad employs approximately 10,000 people in 10 countries and serves approximately 2,100 clients including industry leading blue-chip companies that serve both businesses and consumers in multiple industry verticals, with a particular focus on commerce, including retail, consumer packaged goods, and direct-to-consumer; financial services; and health. Quad is ranked among the largest agency companies in the U.S. by Ad Age, buoyed by its full-service media agency, Rise, and creative agency, Betty. Quad is also one of the largest commercial printers in North America, according to Printing Impressions. For more information about Quad, including its commitment to operating responsibly, intentional innovation and values-driven culture, visit quad.com. Forward-Looking Statements This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, our current expectations about the Company's future results, financial condition, sales, earnings, free cash flow, capital expenditures, leverage, margins, objectives, goals, strategies, beliefs, intentions, plans, estimates, prospects, projections and outlook of the Company, including information under the heading "2026 Guidance," and can generally be identified by the use of words or phrases such as "may," "will," "expect," "intend," "estimate," "anticipate," "plan," "foresee," "project," "believe," or "continue" or the negatives of these terms, variations on them and other similar expressions. These forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause actual results to be materially different from those expressed in or implied by such forward-looking statements. Forward-looking statements are based largely on the Company's expectations and judgments and are subject to a number of risks and uncertainties, many of which are unforeseeable and beyond our control. 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 assets; the impact of changes in postal rates, service levels or regulations; the impact of rapid changes in technology, including artificial intelligence, and the risk the Company is unable to adapt its marketing offerings to compete in this technology-driven environment; the impact of increases in its operating costs, including the cost and availability of raw materials (such as paper, ink components and other materials), inventory, parts for equipment, labor, fuel and other energy costs and freight rates, and the risk the Company is unable to pass along such increases to clients; the impact macroeconomic conditions, including elevated interest rates, postal rate increases, tariffs, trade restrictions, cost pressures and the price and availability of paper, have had, and may continue to have, on the Company's business, financial condition, cash flows and results of operations (including future uncertain impacts); the risk the Company is unable to reduce costs and improve operating efficiency rapidly enough to meet market conditions; the impact of a data-breach of sensitive information, ransomware attack or other cyber incident on the Company; the fragility and decline in overall distribution channels; the failure to attract and retain qualified talent across the enterprise; the impact of digital media and similar technological changes, including digital substitution by consumers; the failure of clients to perform under contracts or to renew contracts with clients on favorable terms or at all; the failure to successfully identify, manage, complete and integrate acquisitions, investment opportunities or other significant transactions, as well as the successful identification and execution of strategic divestitures; the impact negative publicity could have on our business and brand reputation; the impact of risks associated with the operations outside of the United States ("U.S."), including trade restrictions, currency fluctuations, the global economy, costs incurred or reputational damage suffered due to improper conduct of its employees, contractors or agents, and geopolitical events like war and terrorism; the impact of significant capital expenditures and investments that may be needed to sustain and grow the Company's platforms, processes, systems, client and product technology, marketing and talent, to remain technologically and economically competitive, and to adapt to future changes, such as artificial intelligence; the impact of the various restrictive covenants in the Company's debt facilities on the Company's ability to operate its business, as well as the uncertain negative impacts macroeconomic conditions may have on the Company's ability to continue to be in compliance with these restrictive covenants; the impact of an other than temporary decline in operating results and enterprise value that could lead to non-cash impairment charges due to the impairment of property, plant and equipment, goodwill and other intangible assets; the impact of regulatory matters and legislative developments or changes in laws, including changes in cybersecurity, consumer protection, safety, privacy and environmental laws; and the impact on the holders of Quad's class A common stock of a limited active market for such shares and the inability to independently elect directors or control decisions due to the voting power of the class B common stock; and the other risk factors identified in the Company's most recent Annual Report on Form 10-K, which may be amended or supplemented by subsequent Quarterly Reports on Form 10-Q or other reports filed with the Securities and Exchange Commission. Except to the extent required by the federal securities laws, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Non-GAAP Financial Measures This press release contains financial measures not prepared in accordance with generally accepted accounting principles (referred to as non-GAAP), specifically EBITDA, EBITDA Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, Net Debt, Net Debt Leverage Ratio and Adjusted Diluted Earnings Per Share. Adjusted EBITDA is defined as net earnings (loss) excluding interest expense, income tax expense, depreciation and amortization (EBITDA), restructuring, impairment and transaction-related charges, net and the settlement charge from defined benefit pension plan annuitization. EBITDA Margin and Adjusted EBITDA Margin are defined as EBITDA or Adjusted EBITDA divided by Net Sales. Free Cash Flow is defined as net cash provided by (used in) operating activities less purchases of property, plant and equipment. Net Debt Leverage Ratio is defined as total debt and finance lease obligations less cash and cash equivalents (Net Debt) divided by the trailing twelve months Adjusted EBITDA. Adjusted Diluted Earnings Per Share is defined as earnings (loss) before income taxes excluding restructuring, impairment and transaction-related charges, net, and adjusted for income tax expense at a normalized tax rate, divided by diluted weighted average number of common shares outstanding. The Company believes that these non-GAAP measures, when presented in conjunction with comparable GAAP measures, provide additional information for evaluating Quad's performance and are important measures by which Quad's management assesses the profitability and liquidity of its business. These non-GAAP measures should be considered in addition to, not as a substitute for or superior to, net earnings (loss) as a measure of operating performance or to cash flows provided by (used in) operating activities as a measure of liquidity. These non-GAAP measures may be different than non-GAAP financial measures used by other companies. Reconciliations to the GAAP equivalent of these non-GAAP measures are contained in tabular form on the attached unaudited financial statements. Investor Relations ContactJulie FraundorfExecutive Director, Corporate Development & Investor [email protected] Media ContactClaire HoDirector, Corporate [email protected] In addition to financial measures prepared in accordance with accounting principles generally accepted in the United States of America (GAAP), this earnings announcement also contains non-GAAP financial measures, specifically EBITDA, EBITDA Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, Net Debt, Net Debt Leverage Ratio and Adjusted Diluted Earnings Per Share. The Company believes that these non-GAAP measures, when presented in conjunction with comparable GAAP measures, provide additional information for evaluating Quad's performance and are important measures by which Quad's management assesses the profitability and liquidity of its business. These non-GAAP measures should be considered in addition to, not as a substitute for or superior to, net earnings (loss) as a measure of operating performance or to cash flows provided by (used in) operating activities as a measure of liquidity. These non-GAAP measures may be different than non-GAAP financial measures used by other companies. In addition to financial measures prepared in accordance with accounting principles generally accepted in the United States of America (GAAP), this earnings announcement also contains non-GAAP financial measures, specifically EBITDA, EBITDA Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, Net Debt, Net Debt Leverage Ratio and Adjusted Diluted Earnings Per Share. The Company believes that these non-GAAP measures, when presented in conjunction with comparable GAAP measures, provide additional information for evaluating Quad's performance and are important measures by which Quad's management assesses the profitability and liquidity of its business. These non-GAAP measures should be considered in addition to, not as a substitute for or superior to, net earnings (loss) as a measure of operating performance or to cash flows provided by (used in) operating activities as a measure of liquidity. These non-GAAP measures may be different than non-GAAP financial measures used by other companies. In addition to financial measures prepared in accordance with accounting principles generally accepted in the United States of America (GAAP), this earnings announcement also contains non-GAAP financial measures, specifically EBITDA, EBITDA Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, Net Debt, Net Debt Leverage Ratio and Adjusted Diluted Earnings Per Share. The Company believes that these non-GAAP measures, when presented in conjunction with comparable GAAP measures, provide additional information for evaluating Quad's performance and are important measures by which Quad's management assesses the profitability and liquidity of its business. These non-GAAP measures should be considered in addition to, not as a substitute for or superior to, net earnings (loss) as a measure of operating performance or to cash flows provided by (used in) operating activities as a measure of liquidity. These non-GAAP measures may be different than non-GAAP financial measures used by other companies. In addition to financial measures prepared in accordance with accounting principles generally accepted in the United States of America (GAAP), this earnings announcement also contains non-GAAP financial measures, specifically EBITDA, EBITDA Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, Net Debt, Net Debt Leverage Ratio and Adjusted Diluted Earnings Per Share. The Company believes that these non-GAAP measures, when presented in conjunction with comparable GAAP measures, provide additional information for evaluating Quad's performance and are important measures by which Quad's management assesses the profitability and liquidity of its business. These non-GAAP measures should be considered in addition to, not as a substitute for or superior to, net earnings (loss) as a measure of operating performance or to cash flows provided by (used in) operating activities as a measure of liquidity. These non-GAAP measures may be different than non-GAAP financial measures used by other companies. In addition to financial measures prepared in accordance with accounting principles generally accepted in the United States of America (GAAP), this earnings announcement also contains non-GAAP financial measures, specifically EBITDA, EBITDA Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, Net Debt, Net Debt Leverage Ratio and Adjusted Diluted Earnings Per Share. The Company believes that these non-GAAP measures, when presented in conjunction with comparable GAAP measures, provide additional information for evaluating Quad's performance and are important measures by which Quad's management assesses the profitability and liquidity of its business. These non-GAAP measures should be considered in addition to, not as a substitute for or superior to, net earnings (loss) as a measure of operating performance or to cash flows provided by (used in) operating activities as a measure of liquidity. These non-GAAP measures may be different than non-GAAP financial measures used by other companies. In addition to financial measures prepared in accordance with accounting principles generally accepted in the United States of America (GAAP), this earnings announcement also contains non-GAAP financial measures, specifically EBITDA, EBITDA Margin, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, Net Debt, Net Debt Leverage Ratio and Adjusted Diluted Earnings Per Share. The Company believes that these non-GAAP measures, when presented in conjunction with comparable GAAP measures, provide additional information for evaluating Quad's performance and are important measures by which Quad's management assesses the profitability and liquidity of its business. These non-GAAP measures should be considered in addition to, not as a substitute for or superior to, net earnings (loss) as a measure of operating performance or to cash flows provided by (used in) operating activities as a measure of liquidity. These non-GAAP measures may be different than non-GAAP financial measures used by other companies. View original content to download multimedia:https://www.prnewswire.com/news-releases/quad-reports-second-quarter-and-year-to-date-2026-results-302836977.html

SUSSEX, Wis., July 8, 2026 /PRNewswire/ -- Quad/Graphics,Inc.(NYSE:QUAD)("Quad"or the"Company"), a marketing experience company that solves complex marketing challenges for its clients, announced today the date for the release of its second quarter 2026 earnings and its presentation at an upcoming investor conference. Second Quarter 2026 Earnings Date Quad will release its second quarter and year-to-date 2026 financial results after the close of regular market trading on Tuesday, July 28, 2026, and hold a live webcast and conference call to discuss results on Wednesday, July 29, 2026, at 8:30 a.m. ET. Those wishing to participate via the webcast should access the call through the investor relations section of Quad's website at quad.com/investor-relations. Those wishing to participate via telephone may dial 877-328-5508 (U.S.) or 412-317-5424 (international). Participants may pre-register for the conference call at: https://dpregister.com/sreg/10210027/104504e2940. The webcast replay will be available through the investor relations section of Quad's website. Upcoming Investor Conference Members of Quad management will participate in the Midwest IDEAS Investor Conference at The InterContinental Chicago Magnificent Mile in Chicago on Wednesday, August 26, 2026. Tony Staniak, Quad Chief Financial Officer and Treasurer, will present and host one-on-one and small group meetings with investors. The presentation will be accessible through the conference host's main website at https://www.threepartadvisors.com/midwest. For additional information or to schedule a meeting with management, please contact Quad's investor relations team at [email protected]. About QuadQuad (NYSE: QUAD) is a marketing experience, or MX, company that helps brands make direct consumer connections, from household to in-store to online. The company does this through its MX Solutions Suite, a comprehensive range of marketing and print services that seamlessly integrate creative, production and media solutions across online and offline channels. Supported by state-of-the-art technology and data-driven intelligence, Quad simplifies the complexities of marketing by removing friction wherever it occurs along the marketing journey. The company tailors its uniquely flexible, scalable and connected solutions to each client's objectives, driving cost efficiencies, improving speed-to-market, strengthening marketing effectiveness and delivering value on client investments. Quad employs approximately 10,000 people in 10 countries and serves approximately 2,100 clients including industry leading blue-chip companies that serve both businesses and consumers in multiple industry verticals, with a particular focus on commerce, including retail, consumer packaged goods, and direct-to-consumer; financial services; and health. Quad is ranked among the largest agency companies in the U.S. by Ad Age, buoyed by its full-service media agency, Rise, and creative agency, Betty. Quad is also one of the largest commercial printers in North America, according to Printing Impressions. For more information about Quad, including its commitment to operating responsibly, intentional innovation and values-driven culture, visit quad.com. Investor Relations Contact Julie FraundorfExecutive Director, Corporate Development & Investor Relations [email protected] Media Contact Claire HoDirector, Corporate [email protected] View original content to download multimedia:https://www.prnewswire.com/news-releases/quad-to-host-call-to-discuss-second-quarter-and-year-to-date-2026-results-present-at-an-upcoming-investor-conference-302819662.html

Quad reported Q1 net sales of $581 million (down ~4.3% ex‑Europe) with adjusted EBITDA of $45 million and margin expansion to 7.7%, adjusted EPS of $0.25, negative free cash flow of $107 million (seasonal), and management reiterated full‑year guidance — net sales down 1%–5%, adjusted EBITDA $175M–$215M, and FCF $40M–$60M while targeting ~1.5x net debt leverage by end‑2026. Management highlighted material macro headwinds, notably a USPS rate change expected July 12 that could mean an average postage increase of up to 10% for many Co‑mail clients, plus higher distribution and ink costs from geopolitically driven oil/gas price moves — Quad has instituted a temporary ink surcharge and uses fuel surcharges for freight. Quad is pushing product and optimization initiatives to offset inflation — including Co‑mail pooling, postal optimization and the At‑Home Connect automation platform (citing a 27% postage saving example and a 33% cost reduction case with a client) — while returning capital to shareholders ($7M this quarter) and retaining $68.4M available under its repurchase program. Interested in Quad Graphics, Inc? Here are five stocks we like better. Quad Graphics (NYSE:QUAD) said its first-quarter fiscal 2026 results were in line with internal expectations and that it remains on track to achieve its full-year guidance, even as it navigates higher postage rates and supply-chain cost pressure tied to geopolitics. Chairman and CEO Joel Quadracci said the company maintained “steady profitability” in the quarter and expanded margins compared with the prior-year period. He also highlighted shareholder returns supported by what he called a strong balance sheet. → Meta Posted Its Best Sales Growth Since 2021—So Why Did Shares Fall? During the quarter, Quad returned $7 million to shareholders, including $6 million in regular cash dividends and $1 million in share repurchases, Quadracci said. Management spent significant time discussing postage inflation and input-cost volatility. Quadracci described postage as “the single largest marketing expense for mailers,” and said the U.S. Postal Service “continues to rely on price increases as one of its primary levers to address its financial challenges.” → 5 Stocks to Buy in May Before the Next AI Surge Hits Quadracci said the USPS has announced details of its next rate increase, expected to take effect July 12, and that Quad estimates “an average postage increase of up to 10% for many of our Co-mail clients.” He added that clients have generally budgeted for increases in the “3%-10%” range, and said he does not expect “a big pullback through the end of the year,” though he noted the cumulative impact could influence planning for 2027. Quadracci also cited cost pressures from the supply chain related to the ongoing Middle East conflict, noting that late in the quarter oil and gas prices increased sharply, driving up distribution costs and certain petrochemical-linked inputs, “most notably ink.” In response, Quad implemented a temporary ink surcharge. Later in the Q&A, he said investors should not view the surcharge as a meaningful revenue benefit, describing it as an offset to higher costs and “not a highly significant item” relative to the company’s broader cost structure. → Verizon’s Signal Strength: The Turnaround Call Is Loud and Clear He added that freight exposure to diesel price increases is addressed through an existing weekly fuel surcharge mechanism, saying it has been in place for years and is “really important.” Quadracci emphasized Quad’s investments in its marketing experience offering, which he described as “a suite of integrated solutions across creative, production, and media,” spanning digital and physical channels. He also pointed to postal optimization initiatives aimed at helping clients offset postage inflation. Quadracci walked through an example of layered savings that, according to management, reduced a client’s postage costs by 27% in a week of mailings. The steps included participation in Quad’s Co-mail program, additional savings through advanced sortation in high-density areas, use of the Household Fusion program (combining eligible publications or catalogs into a single mail piece), and qualification for USPS promotions. Quadracci said the company believes savings generally increase as the weekly Co-mail pool grows and noted that some clients still do not participate in the company’s optimization programs. He also discussed At-Home Connect, the company’s direct mail automation platform launched last year, saying it enables personalized and trigger-based mail tied to online consumer interactions or life events. As an example, Quadracci cited a case study with Fidium, a fiber internet provider, which he said reduced its mail cycle from two weeks to five days, eliminated about 45 labor hours per month, and reduced direct mail production costs by 33% using the platform. He quoted a Fidium executive as calling the switch “a game-changer” that reduced print and postage costs “without sacrificing volume.” Quadracci also described a direct mail program with Monogram, a financial services firm scaling a private student loan product, Abe. He said Quad supported the effort from strategy through execution using its household-based data stack for audience selection, along with testing, modeling, creative optimization, and response analysis. Quadracci said the program met Abe’s 2025 growth objectives, with booked loans increasing six-fold year-over-year while maintaining its target cost per application. He added that Quad received a Financial Services Strategy Award in the personal finance category from the Gramercy Institute for the work. Chief Financial Officer and Treasurer Tony Staniak reported first-quarter net sales of $581 million, down 4.3% versus the prior year when excluding the February 2025 divestiture of the company’s European operations. Staniak attributed the decline primarily to lower print volumes and lower agency solution sales. He said agency solution sales were impacted by “pullback in spend from certain existing clients” and Quad’s “ongoing evolution from project-based work toward agency of record engagements.” Staniak noted that as a percentage of total net sales, the revenue mix increased in targeted print offerings—direct mail, packaging, and in-store—as well as in logistics due to increased volume and added lift services through enhanced Co-mail operations, offset by declines in magazines, catalogs, and agency solutions. Adjusted EBITDA was $45 million versus $46 million a year ago, while adjusted EBITDA margin increased from 7.2% to 7.7%. Staniak attributed the margin improvement to cost realignment actions taken in response to print volume declines and improved manufacturing productivity. Adjusted diluted earnings per share rose to $0.25 from $0.20, which Staniak said reflected higher net earnings, including lower interest expense due to reduced debt, lower depreciation and amortization, and the impact of a lower share count. He said Quad has repurchased 7.6 million shares since 2022 at an average price of $4.16 per share, representing about 13.6% of the then-outstanding Class A common stock, including 167,000 shares repurchased year-to-date for about $1 million. As of March 31, 2026, $68.4 million remained authorized under the company’s $100 million repurchase program approved in 2018. Free cash flow was negative $107 million in the quarter, compared with negative $100 million in the prior-year period. Staniak said the decline was driven by a $5 million increase in net cash used in operating activities, mainly from higher inventories, and a $2 million increase in capital expenditures. He emphasized the seasonality of the business, saying Quad typically generates negative free cash flow in the first nine months, followed by “large positive free cash flow in the Q4 with higher collections after our production peak.” On leverage, Staniak said net debt was down $36 million year-over-year when adjusting for seasonality. He also disclosed a past-due payment tied to the European divestiture: the company did not receive the first annual installment of principal and interest on a three-year note receivable from buyer Capmont totaling $6 million that was due Feb. 28, 2026, leaving net debt $6 million higher than expected. Staniak said Quad is working with Capmont and that he expects the note receivable to be paid “in full,” adding there is no performance benchmark tied to the payment schedule. Staniak reaffirmed Quad’s full-year 2026 guidance, including expectations for net sales to decline 1% to 5% versus 2025 (excluding $23 million of 2025 net sales from the European divestiture). Adjusted EBITDA guidance remains $175 million to $215 million, and free cash flow is expected to be $40 million to $60 million. The company also expects its net debt leverage ratio to decrease to about 1.5x by the end of 2026, reaching the low end of its long-term target range of 1.5x to 2.0x. Staniak said adjusted EBITDA margin is expected to increase by 30 basis points to 8.4% in 2026, driven by disciplined cost management and changes in revenue mix. He also discussed expected higher capital expenditures of $55 million to $65 million, as Quad continues investments in automation and growth initiatives across its print platform and service lines. In response to a question on agency results and the path to growth, Staniak said management expects growth in agency in 2027 and beyond, framing the first-quarter agency decline as tied to the company’s shift toward agency-of-record engagements. Quadracci added that the company’s move from more “transactional” performance media to “full stack media” comes with longer sales cycles, and he said he feels good about ramping progress “towards the end of the year, but certainly into 2027.” Management reiterated its longer-term view that net sales trends should improve and reach an “inflection point” to growth in 2028. Quadracci closed the call by saying Quad remains committed to its strategic vision of leveraging an integrated marketing platform to drive diversified growth and improve print and marketing efficiencies. Quad Graphics, Inc (NYSE: QUAD) is a global provider of print and related marketing services, serving a diverse range of clients in the publishing, retail, e-commerce and consumer packaged goods sectors. The company offers end-to-end solutions that span traditional print production, supply chain management and digital marketing support. Quad Graphics leverages a network of production facilities and distribution centers to deliver high-quality printed materials and integrated marketing programs that help clients reach their target audiences across multiple channels. The company's core offerings include magazine and catalog printing, direct mail, retail inserts, shopper marketing materials, custom packaging and point-of-sale displays. The article "Quad Graphics Q1 Earnings Call Highlights" was originally published by MarketBeat.

Performance in Q1 2026 aligned with internal expectations, characterized by steady profitability and margin expansion despite a 4.3% decline in net sales. Revenue declines were primarily driven by lower print volumes and a pullback in agency solutions spend as the company transitions from project-based work to long-term agency of record engagements. Management implemented a temporary ink surcharge in response to rising petrochemical and distribution costs triggered by Middle East conflict volatility. The company is aggressively leveraging its proprietary household-based data stack to drive its 'audience strategy' services, which enhances the effectiveness of physical and digital marketing channels. Postal rate increases remain the primary macroeconomic challenge for clients, with management advocating for USPS structural reform while deploying optimization programs to mitigate costs. Strategic growth was observed in targeted print offerings, including direct mail, packaging, and in-store solutions, which are central to the company's diversification strategy. Reaffirmed full-year 2026 guidance with net sales expected to decline 1% to 5%, representing a continued moderation of the downward trend seen in previous years. Management projects an inflection point in 2028 where the company will return to net sales growth and achieve an adjusted EBITDA margin of 9.4%. Free cash flow for 2026 is projected between $40 million and $60 million, with typical seasonality expected to result in negative cash flow until the fourth quarter production peak. The company aims to reach the low end of its long-term net debt leverage ratio target of 1.5x by the end of 2026 through disciplined capital allocation. Future growth is predicated on scaling agency services and high-growth print segments to outweigh secular declines in legacy magazine and catalog lines. The USPS announced a rate increase effective July 12, 2026, which management estimates will raise postage costs by up to 10% for many Co-mail clients. Quad reported a $6 million shortfall in expected net debt reduction due to a missed first annual installment payment from Capmont regarding the European operations divestiture. Management is monitoring the USPS liquidity situation, noting that while recent financial flexibility extends solvency beyond 2027, the 'universal service obligation' remains a structural risk. The 2026 fiscal year includes 53 weekly payroll paydays, a non-recurring timing event that will impact annual cash flow before returning to 52 weeks in 2027. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management does not expect a significant pullback in volume through the end of 2026 as clients had budgeted for anticipated rate increases. Clients are increasingly joining Quad's optimization programs to offset the 10% postage hikes, effectively lowering their realized rate increases. The ink surcharge is described as a necessary pass-through of costs that is less impactful to client budgets than postage volatility. Growth will be driven by 'targeted print' (direct mail, packaging, in-store) and agency services becoming large enough to outweigh declines in catalogs and publications. In-store solutions showed significant growth in Q1, supporting the long-term thesis. The transition in agency services from transactional media to holistic 'full stack' media involves longer sales cycles but higher profitability. Management expects to be paid in full on the note receivable and is actively working with Capmont to resolve the delay. The payment is not tied to any performance benchmarks; it is a straightforward principal and interest installment that was due February 28. Management expressed 'renewed optimism' that the Postmaster General is successfully clarifying the USPS's structural funding issues to Congress. The core argument is that the government must either subsidize the 'universal service obligation' or allow for more pricing and operational flexibility to avoid a 'death spiral' of rate hikes. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.

Quad/Graphics (QUAD) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.2 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +13.64%. A quarter ago, it was expected that this printing company would post earnings of $0.36 per share when it actually produced earnings of $0.36, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Quad/Graphics, which belongs to the Zacks Advertising and Marketing industry, posted revenues of $581 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $629.4 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Quad/Graphics shares have added about 23.1% since the beginning of the year versus the S&P 500's gain of 4.8%. While Quad/Graphics has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Quad/Graphics was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.22 on $553 million in revenues for the coming quarter and $1.18 on $2.32 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Advertising and Marketing is currently in the top 18% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Banzai International, Inc. (BNZI), is yet to report results for the quarter ended March 2026. This company is expected to post quarterly loss of $0.29 per share in its upcoming report, which represents a year-over-year change of +80.7%. The consensus EPS estimate for the quarter has been revised 18.6% higher over the last 30 days to the current level. Banzai International, Inc.'s revenues are expected to be $2.9 million, down 14.2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Quad Graphics, Inc (QUAD) : Free Stock Analysis Report Banzai International, Inc. (BNZI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research