Quad reports Q3 2026 results and narrows 2026 sales‑decline guidance
Quad/Graphics posted third‑quarter 2026 net sales of $587 million, flat year‑over‑year, and net earnings of $6 million ($0.11 per share). Adjusted EBITDA was $51 million and adjusted diluted EPS was $0.35. The company announced a $0.10 quarterly dividend, repurchased 1.0 million shares, and launched a new full‑service direct marketing agency called Direct. It updated full‑year 2026 guidance, narrowing the adjusted annual net‑sales change to a –1% to –3% range (midpoint –2%) and raising adjusted EBITDA guidance to $185 million‑$195 million while targeting a year‑end net‑debt leverage of about 1.5×.
Why it matters
The tighter sales‑decline range and higher EBITDA outlook suggest a less severe revenue contraction and stronger profitability, which may support the $0.10 dividend and future share‑repurchase capacity. The leverage target of 1.5× signals a focus on maintaining a solid balance sheet for investors.
Key facts
- 1Q3 2026 net sales were $587 million, unchanged from the same quarter in 2025. prnewswire.com
- 2Q3 2026 net earnings were $6 million, or $0.11 diluted EPS, versus $10 million and $0.21 EPS in 2025. prnewswire.com
- 3Adjusted EBITDA for Q3 2026 was $51 million, down from $53 million in 2025. prnewswire.com
- 4Adjusted diluted EPS for Q3 2026 was $0.35, a 13% increase from $0.31 in 2025. prnewswire.com
- 5The company declared a quarterly dividend of $0.10 per share payable December 4, 2026. prnewswire.com
- 6Quad repurchased 1.0 million Class A shares in 2026, bringing total buybacks to 8.4 million shares since 2022. prnewswire.com
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.