Sees FY26 Free Cash Flow at $40M-$60M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy QUAD?
Sees FY26 free cash flow $40M-$60M.
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Analyst Views on QUAD
Wall Street analysts forecast QUAD stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 6.630
Low
8.20
Averages
9.10
High
10.00
Current: 6.630
Low
8.20
Averages
9.10
High
10.00
About QUAD
Quad/Graphics, Inc. is a marketing experience (MX) company that helps brands make direct consumer connections, from household to in-store to online. The Company operates through its MX Solutions Suite, a comprehensive range of marketing and print services that integrates creative, production and media solutions across online and offline channels. Its segments include the United States Print and Related Services and International. The United States Print and Related Services segment is predominantly comprised of the Company’s United States printing operations, managed as one integrated platform, and marketing and other complementary services. The International segment consists of the Company’s printing operations in Latin America. It serves 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.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Quad/Graphics Q4 2025 Earnings Call Insights
- Financial Performance Overview: In Q4 2025, Quad/Graphics reported net sales of $631 million, a 5.7% decline year-over-year, yet achieved full-year net sales of $2.4 billion with adjusted EBITDA of $196 million, indicating the company's resilience in maintaining stable cash flow and profitability amidst challenges.
- Dividend Increase: The company announced a 33% increase in its quarterly dividend to $0.10 per share, annualizing to $0.40, reflecting a strong commitment to long-term shareholder value and showcasing effective cash flow management and financial stability.
- Strategic Investments and Innovation: Management highlighted ongoing investments in AI-driven automation, projecting adjusted EBITDA for 2026 to remain between $175 million and $215 million, demonstrating the company's strategic focus on enhancing productivity and client marketing efficiency.
- Leadership Changes: Dave Honan was promoted to President and COO, while Julie Currie was appointed as Chief Revenue Officer, aiming to strengthen market competitiveness and execution by integrating marketing and sales functions under unified leadership.
See More
High Dividend Stocks Favored Amid Market Turbulence
- Investor Preference: During turbulent and uncertain market conditions, many investors gravitate towards high dividend-yielding stocks, which typically possess high free cash flows and reward shareholders with substantial dividend payouts.
- Sector Analysis: Analysts have rated three high-yielding stocks in the industrials sector, namely Insperity Inc (NYSE:NSP), Karat Packaging Inc (NASDAQ:KRT), and Quad/Graphics Inc (NYSE:QUAD), indicating market confidence in these companies.
- Dividend Appeal: High dividend stocks serve as a safe haven for investors seeking stable returns amid market uncertainty, potentially attracting more investors looking for reliable income streams.
- Market Trends: As market volatility increases, the rising interest in high dividend stocks reflects a growing demand for safe assets, which may influence future investment strategies and capital flows.
See More
Quad/Graphics Releases Financial Guidance for FY 2026
- Earnings Report: Quad/Graphics reported a Q4 Non-GAAP EPS of $0.36, aligning with expectations, but revenue of $630.6 million fell short by $2.3 million, reflecting an 11% year-over-year decline that raises concerns about the company's future performance.
- 2026 Financial Guidance: The company anticipates a 1% to 5% decline in adjusted annual net sales for 2026, indicating ongoing market demand weakness compared to a 4.8% decline in 2025, which could hinder future revenue growth.
- EBITDA Expectations: Full-year adjusted EBITDA for 2026 is projected to range between $175 million and $215 million, down from $196 million in 2025, highlighting challenges in cost control and profitability.
- Free Cash Flow and Capital Expenditures: The company expects free cash flow to be between $40 million and $60 million in 2026, while capital expenditures are set to rise to between $55 million and $65 million, indicating a cautious investment approach that may impact future financial flexibility.
See More
Quad/Graphics Reports 2025 Financial Results and 2026 Guidance
- Financial Performance Achieved: Quad/Graphics reported net sales of $2.42 billion for fiscal year 2025, a 9.4% decline from 2024, yet strong cash flow indicates the company's capability to invest in long-term growth and reduce debt.
- Dividend Increase: The company announced a 33% increase in its quarterly dividend to $0.10 per share, payable in March 2026, reflecting confidence in future cash flows and commitment to shareholder returns.
- 2026 Financial Guidance: For 2026, the company anticipates further improvement in net sales decline to 3%, with adjusted EBITDA expected to range between $175 million and $215 million, indicating a positive outlook amid market recovery.
- Debt Management Optimization: In 2025, Quad successfully reduced net debt by $42 million to $308 million, achieving a net debt leverage ratio of 1.57x, near the low end of its long-term target range, enhancing financial stability.
See More
Quad/Graphics Appoints New President Amid Leadership Continuity
- Leadership Transition: Quad/Graphics has promoted Dave Honan to President while retaining his role as COO, indicating the company's commitment to stable leadership during its ongoing development, which is expected to drive the realization of its strategic vision.
- Long-term Strategic Focus: Joel Quadracci, who remains as Chairman and CEO, will continue to concentrate on long-term strategy and innovation, ensuring the company maintains competitiveness in a complex market environment and further solidifies its market position.
- Operational Efficiency Gains: During his tenure as COO, Honan successfully improved the operational efficiency of the manufacturing platform, driving margin expansion, which will lay a solid foundation for the company's future growth.
- Enhanced Team Collaboration: Honan expressed his commitment to closely collaborate with Quadracci to drive day-to-day operations, aiming to accelerate the company's development in a rapidly changing market landscape while enhancing client value and shareholder returns.
See More
Quad/Graphics Set to Announce Q4 Earnings on February 16
- Earnings Announcement: Quad/Graphics is scheduled to release its Q4 earnings on February 16 after market close, with a consensus EPS estimate of $0.36, indicating stability in profitability year-over-year.
- Revenue Decline Expected: The anticipated revenue for Q4 is $632.9 million, reflecting a 10.7% year-over-year decline, which highlights the challenges the company faces amid intensified market competition and weak demand.
- Historical Performance Review: Over the past two years, Quad/Graphics has beaten EPS estimates 63% of the time and revenue estimates 50% of the time, demonstrating a degree of resilience in its financial performance.
- Investor Focus: As the earnings report approaches, investors will closely monitor the company's performance to assess its adaptability in the current economic environment and its potential for future growth.
See More
Quad/Graphics Q4 2025 Earnings Call Insights
- Financial Performance Overview: In Q4 2025, Quad/Graphics reported net sales of $631 million, a 5.7% decline year-over-year, yet achieved full-year net sales of $2.4 billion with adjusted EBITDA of $196 million, indicating the company's resilience in maintaining stable cash flow and profitability amidst challenges.
- Dividend Increase: The company announced a 33% increase in its quarterly dividend to $0.10 per share, annualizing to $0.40, reflecting a strong commitment to long-term shareholder value and showcasing effective cash flow management and financial stability.
- Strategic Investments and Innovation: Management highlighted ongoing investments in AI-driven automation, projecting adjusted EBITDA for 2026 to remain between $175 million and $215 million, demonstrating the company's strategic focus on enhancing productivity and client marketing efficiency.
- Leadership Changes: Dave Honan was promoted to President and COO, while Julie Currie was appointed as Chief Revenue Officer, aiming to strengthen market competitiveness and execution by integrating marketing and sales functions under unified leadership.
See More
High Dividend Stocks Favored Amid Market Turbulence
- Investor Preference: During turbulent and uncertain market conditions, many investors gravitate towards high dividend-yielding stocks, which typically possess high free cash flows and reward shareholders with substantial dividend payouts.
- Sector Analysis: Analysts have rated three high-yielding stocks in the industrials sector, namely Insperity Inc (NYSE:NSP), Karat Packaging Inc (NASDAQ:KRT), and Quad/Graphics Inc (NYSE:QUAD), indicating market confidence in these companies.
- Dividend Appeal: High dividend stocks serve as a safe haven for investors seeking stable returns amid market uncertainty, potentially attracting more investors looking for reliable income streams.
- Market Trends: As market volatility increases, the rising interest in high dividend stocks reflects a growing demand for safe assets, which may influence future investment strategies and capital flows.
See More
Quad/Graphics Releases Financial Guidance for FY 2026
- Earnings Report: Quad/Graphics reported a Q4 Non-GAAP EPS of $0.36, aligning with expectations, but revenue of $630.6 million fell short by $2.3 million, reflecting an 11% year-over-year decline that raises concerns about the company's future performance.
- 2026 Financial Guidance: The company anticipates a 1% to 5% decline in adjusted annual net sales for 2026, indicating ongoing market demand weakness compared to a 4.8% decline in 2025, which could hinder future revenue growth.
- EBITDA Expectations: Full-year adjusted EBITDA for 2026 is projected to range between $175 million and $215 million, down from $196 million in 2025, highlighting challenges in cost control and profitability.
- Free Cash Flow and Capital Expenditures: The company expects free cash flow to be between $40 million and $60 million in 2026, while capital expenditures are set to rise to between $55 million and $65 million, indicating a cautious investment approach that may impact future financial flexibility.
See More
Quad/Graphics Reports 2025 Financial Results and 2026 Guidance
- Financial Performance Achieved: Quad/Graphics reported net sales of $2.42 billion for fiscal year 2025, a 9.4% decline from 2024, yet strong cash flow indicates the company's capability to invest in long-term growth and reduce debt.
- Dividend Increase: The company announced a 33% increase in its quarterly dividend to $0.10 per share, payable in March 2026, reflecting confidence in future cash flows and commitment to shareholder returns.
- 2026 Financial Guidance: For 2026, the company anticipates further improvement in net sales decline to 3%, with adjusted EBITDA expected to range between $175 million and $215 million, indicating a positive outlook amid market recovery.
- Debt Management Optimization: In 2025, Quad successfully reduced net debt by $42 million to $308 million, achieving a net debt leverage ratio of 1.57x, near the low end of its long-term target range, enhancing financial stability.
See More
Quad/Graphics Appoints New President Amid Leadership Continuity
- Leadership Transition: Quad/Graphics has promoted Dave Honan to President while retaining his role as COO, indicating the company's commitment to stable leadership during its ongoing development, which is expected to drive the realization of its strategic vision.
- Long-term Strategic Focus: Joel Quadracci, who remains as Chairman and CEO, will continue to concentrate on long-term strategy and innovation, ensuring the company maintains competitiveness in a complex market environment and further solidifies its market position.
- Operational Efficiency Gains: During his tenure as COO, Honan successfully improved the operational efficiency of the manufacturing platform, driving margin expansion, which will lay a solid foundation for the company's future growth.
- Enhanced Team Collaboration: Honan expressed his commitment to closely collaborate with Quadracci to drive day-to-day operations, aiming to accelerate the company's development in a rapidly changing market landscape while enhancing client value and shareholder returns.
See More
Quad/Graphics Set to Announce Q4 Earnings on February 16
- Earnings Announcement: Quad/Graphics is scheduled to release its Q4 earnings on February 16 after market close, with a consensus EPS estimate of $0.36, indicating stability in profitability year-over-year.
- Revenue Decline Expected: The anticipated revenue for Q4 is $632.9 million, reflecting a 10.7% year-over-year decline, which highlights the challenges the company faces amid intensified market competition and weak demand.
- Historical Performance Review: Over the past two years, Quad/Graphics has beaten EPS estimates 63% of the time and revenue estimates 50% of the time, demonstrating a degree of resilience in its financial performance.
- Investor Focus: As the earnings report approaches, investors will closely monitor the company's performance to assess its adaptability in the current economic environment and its potential for future growth.
See More
