Quad/Graphics Files Q3 2024 10-Q Report
Ticker: QUAD · Form: 10-Q · Filed: Oct 30, 2024 · CIK: 1481792
| Field | Detail |
|---|---|
| Company | Quad/Graphics, Inc. (QUAD) |
| Form Type | 10-Q |
| Filed Date | Oct 30, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 20 min |
| Key Dollar Amounts | $0.025 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Quad/Graphics filed its Q3 10-Q, check financials for latest performance.
AI Summary
Quad/Graphics, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter and the year-to-date. Specific financial figures and strategic developments are outlined within the report.
Why It Matters
This filing provides investors and stakeholders with a detailed look at Quad/Graphics' financial health and operational status as of the end of the third quarter of 2024.
Risk Assessment
Risk Level: medium — The filing is a standard quarterly report, but the company operates in the commercial printing industry which can be subject to economic fluctuations and technological shifts.
Key Players & Entities
- Quad/Graphics, Inc. (company) — Filer of the 10-Q report
- 20240930 (date) — End of the reporting period
- 20241030 (date) — Filing date of the report
- WI (location) — State of incorporation and business address
- 414-566-6000 (phone_number) — Business phone number
FAQ
What were Quad/Graphics' net sales for the third quarter of 2024?
The filing indicates net sales for the three months ended September 30, 2024, but the specific dollar amount is not provided in the header information.
What is the company's fiscal year end?
Quad/Graphics' fiscal year ends on December 31.
When was this 10-Q form filed with the SEC?
This 10-Q form was filed on October 30, 2024.
What is the Standard Industrial Classification (SIC) code for Quad/Graphics?
The SIC code for Quad/Graphics is 2750, which corresponds to Commercial Printing.
What is the company's principal business address?
The principal business address is N61 W23044 HARRY'S WAY, SUSSEX, WI 53089-3995.
Filing Stats: 4,933 words · 20 min read · ~16 pages · Grade level 6.5 · Accepted 2024-10-29 18:37:27
Key Financial Figures
- $0.025 — tered Class A Common Stock, par value $0.025 per share QUAD The New York Stock Excha
Filing Documents
- quad-20240930.htm (10-Q) — 2005KB
- exhibit311-ceocertificatio.htm (EX-31.1) — 11KB
- exhibit312-cfocertificatio.htm (EX-31.2) — 11KB
- exhibit32-writtenstmtofceo.htm (EX-32) — 5KB
- quad-20240930_g1.jpg (GRAPHIC) — 32KB
- 0001481792-24-000044.txt ( ) — 9585KB
- quad-20240930.xsd (EX-101.SCH) — 55KB
- quad-20240930_cal.xml (EX-101.CAL) — 80KB
- quad-20240930_def.xml (EX-101.DEF) — 350KB
- quad-20240930_lab.xml (EX-101.LAB) — 710KB
- quad-20240930_pre.xml (EX-101.PRE) — 533KB
- quad-20240930_htm.xml (XML) — 1504KB
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 31 ITEM 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 59 ITEM 4.
Controls and Procedures
Controls and Procedures 61 PART II OTHER INFORMATION 62 ITEM 1A.
Risk Factors
Risk Factors 62 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 62 ITEM 5. Other Information 62 ITEM 6. Exhibits 63
Signatures
Signatures 64 2 Table of Contents
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION
Condensed Consolidated Financial Statements (Unaudited)
ITEM 1. Condensed Consolidated Financial Statements (Unaudited) QUAD/GRAPHICS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions, except per share data) (UNAUDITED) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net sales Products $ 529.8 $ 547.0 $ 1,534.6 $ 1,714.8 Services 145.0 153.2 429.2 455.0 Total net sales 674.8 700.2 1,963.8 2,169.8 Cost of sales Products 439.0 464.7 1,273.6 1,457.4 Services 88.6 96.1 269.2 290.7 Total cost of sales 527.6 560.8 1,542.8 1,748.1 Operating expenses Selling, general and administrative expenses 88.4 82.5 260.2 255.0 Depreciation and amortization 24.4 32.0 79.4 97.7 Restructuring, impairment and transaction-related charges, net 39.3 11.2 81.9 46.8 Total operating expenses 679.7 686.5 1,964.3 2,147.6 Operating income (loss) ( 4.9 ) 13.7 ( 0.5 ) 22.2 Interest expense 17.0 17.7 49.4 51.0 Net pension income ( 0.2 ) ( 0.5 ) ( 0.6 ) ( 1.3 ) Loss before income taxes ( 21.7 ) ( 3.5 ) ( 49.3 ) ( 27.5 ) Income tax expense (benefit) 3.0 ( 0.8 ) 6.3 5.9 Net loss $ ( 24.7 ) $ ( 2.7 ) $ ( 55.6 ) $ ( 33.4 ) Loss per share Basic and diluted $ ( 0.52 ) $ ( 0.06 ) $ ( 1.17 ) $ ( 0.68 ) Weighted average number of common shares outstanding Basic and diluted 47.8 48.0 47.6 48.8 See accompanying Notes to Condensed Consolidated Financial Statements (Unaudited). 3 Table of Contents QUAD/GRAPHICS, INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (in millions) (UNAUDITED) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net loss $ ( 24.7 ) $ ( 2.7 ) $ ( 55.6 ) $ ( 33.4 ) Other comprehensive income (loss) Translation adjustments ( 1.4 ) ( 4.4 ) ( 8.9 ) 8.4 Interest rate derivatives adjustments ( 1.7 ) 0.9 ( 1.0 ) 3.2 Pension benefit plan adjustments 0.3 0.2 0.8 0.4 Other comprehensive income (loss), before tax ( 2.8 ) ( 3.3 ) ( 9.1 ) 12.0 Income tax impact related to items of other comprehensive inc