Q2 2026 Quad/Graphics Inc Earnings Call Transcript
Key Points
- Quad/Graphics Inc (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 (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 (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 (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.
Good morning and welcome to Quad's second quarter 2026 conference call. During today's call, all participants will be in listen-only mode. Should you need assistance at any time, please signal a conference specialist by pressing the star key followed by zero. A slide presentation accompanies today's webcast and participants are invited to follow along advancing the slides themselves. To access the webcast, follow the instructions posted in the earnings release.
Alternatively, you can access the slide presentation on the investors section of Quad's website under the events and presentations link. After today's presentation, there will be an opportunity to ask questions. To ask a question, please press star then one. To withdraw your question, please press star and then two. Please note this event is being recorded.
I would now like to turn the conference over to Julie Fraundorf, Quad's Executive Director of Corporate Development and Investor Relations. Julie please go ahead.
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