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Investing.com -- Quad/Graphics, Inc. (NYSE:QUAD) reported first-quarter earnings that surpassed analyst expectations, sending its shares up 2.5% in response to the news.
The marketing experience company posted adjusted earnings per share of $0.20 for Q1 2025, doubling the analyst estimate of $0.10. Revenue came in at $629 million, exceeding the consensus forecast of $594 million. However, this represented a 4% decline from $655 million in the same quarter last year, or a 2% organic decline excluding the impact of its European operations divestiture.
Quad/Graphics reaffirmed its full-year 2025 guidance, projecting an organic net sales decline of 2% to 6% and adjusted EBITDA between $180 million and $220 million. The company expects free cash flow of $40 million to $60 million for the year.
Joel Quadracci, Chairman, President and CEO, commented on the results: "Our first quarter results were in-line with our expectations, and we remain on track to achieve our 2025 guidance. We continue to focus on growing our offerings, including strategic investments in innovative solutions and superior talent, while managing for economic uncertainties."
The company reported net earnings of $6 million or $0.11 per diluted share, compared to a net loss of $28 million or -$0.60 per diluted share in Q1 2024. Adjusted EBITDA decreased to $46 million from $51 million YoY.
Quad/Graphics continued its share repurchase program, buying back 1.2 million shares year-to-date. The company also declared a quarterly dividend of $0.075 per share.
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