Published on 31 Oct 2023 on GuruFocus.com via Yahoo Finance

Quad/Graphics Inc (QUAD) Reports Decrease in Q3 2023 Net Sales and Earnings

Quad/Graphics Inc (NYSE:QUAD) reported a decrease in net sales from $830 million in Q3 2022 to $700 million in Q3 2023.The company also reported a net loss of $3 million in Q3 2023, compared to net earnings of $14 million in Q3 2022.Adjusted EBITDA was $57 million in Q3 2023, down from $69 million in Q3 2022.Despite the challenging revenue environment, the company has reduced its net debt by $132 million over the last 12 months.

Warning! GuruFocus has detected 4 Warning Signs with QUAD.

Quad/Graphics Inc (NYSE:QUAD) released its Q3 2023 earnings report on October 31, 2023. The company reported a decrease in net sales and earnings compared to the same period in the previous year. Despite these challenges, the company has maintained strong cash generation and has reduced its debt.