Quad Q1 sales fall, slightly miss estimates

Quad/Graphics

28/04/2026 21:50

Overview

US marketing and print services firm's Q1 sales fell 7.7%, slightly missing analyst expectations

Company reaffirmed full-year 2026 financial guidance

Quad returned $7 mln to shareholders via dividends and share repurchases

Outlook

Quad reaffirms 2026 guidance: 1% to 5% decline in adjusted annual net sales

Company expects 2026 adjusted EBITDA of $175 mln to $215 mln

Quad anticipates 2026 free cash flow of $40 mln to $60 mln

Result Drivers

LOWER PRINT AND AGENCY SALES - Co said Q1 sales decline was mainly due to lower print volumes and reduced agency solutions sales

COST MANAGEMENT - Higher adjusted EPS was driven by lower selling, general and administrative expenses, lower interest expense, and improved manufacturing productivity

SUPPLY CHAIN AND POSTAGE COSTS - Co cited continued postage rate increases and supply chain cost pressures as ongoing challenges

Company press release: ID:nPn6YvNvwa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Slight Miss*
$581 mln
$581.23 mln (3 Analysts)
Q1 Adjusted EPS
Beat
$0.25
$0.22 (2 Analysts)
Q1 Net Income
$6 mln
Q1 Adjusted EBITDA
$45 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial printing services peer group is "buy"

Wall Street's median 12-month price target for Quad/Graphics Inc is $10.00, about 29.5% above its April 27 closing price of $7.72

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)