Quad Reports Strong 2025 Earnings Turnaround, Raises Dividend, and Provides Positive 2026 Outlook

summarizeSummary

Quad/Graphics, Inc. announced a return to profitability in 2025, increased its quarterly dividend by 33%, reduced net debt, and provided 2026 guidance that anticipates a further slowing of sales decline.

check_boxKey Events

• Return to Net Profitability

  The company achieved Net Earnings of $27 million in 2025, a significant improvement from a Net Loss of $51 million in 2024.

• Increased Quarterly Dividend

  Quad increased its quarterly dividend by 33% to $0.10 per share, payable March 13, 2026, reflecting strong cash flow.

• Reduced Net Debt

  Net Debt was reduced by $42 million during 2025 to $308 million, with a stable Net Debt Leverage of 1.57x.

• Improved Sales Decline Rate

  While Net Sales declined 9.4% in 2025 (4.8% excluding divestitures), the rate of decline improved from 9.7% in 2024, with 2026 guidance projecting a further improvement to a 1% to 5% decline.

auto_awesomeAnalysis

Quad/Graphics, Inc. reported a significant turnaround in its 2025 financial performance, moving from a net loss in 2024 to net earnings. This improvement, coupled with a substantial 33% increase in its quarterly dividend and a reduction in net debt, signals growing financial stability and confidence from management. The 2026 guidance further reinforces this positive trajectory, projecting a continued slowing of sales decline and stable cash flow, indicating progress towards its long-term growth objectives.