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Quad/Graphics, Inc. (NYSE:QUAD), a commercial printing company with a market capitalization of $295 million and currently trading at $5.62 per share, disclosed in a recent SEC filing that Eric N. Ashworth, Executive Vice President of Product and Market Strategy and President of Quad Agency Solutions, will be departing from the company effective May 1, 2025.
The announcement, made on April 1, 2025, states that Ashworth has informed the company of his intention to leave. The reasons for his departure were not detailed in the filing. Ashworth’s decision to step down will bring to a close his tenure with Quad/Graphics, where he has served in a dual capacity, overseeing both product and market strategy for the company and leading Quad Agency Solutions. According to InvestingPro data, the company maintains a significant 5.42% dividend yield despite current industry challenges.
Quad/Graphics has not yet named a successor for Ashworth, and it remains unclear how the company will manage the transition or who will take over his responsibilities following his exit.
This move comes at a time when the printing industry continues to evolve with the rise of digital media and changing consumer behaviors. Quad/Graphics, like many in the sector, has been adapting its business model in response to these industry shifts. While analysts forecast a sales decline for the current year, InvestingPro analysis suggests net income growth potential, with over 10 additional key insights available to subscribers.
The company’s filing with the SEC ensures transparency with investors and stakeholders regarding changes in key management personnel, as required by securities regulations.
Investors and market watchers will be looking closely to see how Quad/Graphics navigates this change in leadership and what strategies it will employ to maintain its position in the competitive landscape of commercial printing and marketing solutions. Based on InvestingPro’s Fair Value analysis, the stock currently appears slightly undervalued, with the company maintaining a Fair overall Financial Health score despite recent challenges.
The information regarding this executive change is based on the company’s Form 8-K filing with the U.S. Securities and Exchange Commission.
In other recent news, Quad/Graphics, Inc. reported its fourth-quarter earnings for 2024, missing analysts’ forecasts. The company posted earnings per share of $0.36, slightly below the expected $0.37, and revenue of $708 million, which was also below the anticipated $726.5 million. Despite these misses, Quad’s stock saw an increase in after-hours trading, reflecting investor confidence in the company’s strategic direction. Additionally, Quad has announced a strategic partnership with Adalytics to combat ad fraud, enhancing media transparency and quality assurance in digital advertising campaigns.
The collaboration with Adalytics aims to integrate advanced tools for media-quality monitoring and brand-safety analysis into Quad’s marketing solutions. In terms of financial performance, Quad experienced a 10.1% year-over-year decline in net sales for the fourth quarter, yet improved its adjusted EBITDA margin by 48 basis points to 8.4%. The company also managed to reduce its net debt by $120 million in 2024. Looking ahead, Quad projects a decline in organic net sales between 2% and 6% for 2025 and plans to continue investing in technology and AI capabilities. Analyst feedback from firms like Barrington Research and Rosenblatt suggests cautious optimism regarding Quad’s future revenue growth and strategic initiatives.
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