公司概况 - Quad是一家全球营销体验（MX）公司，专注于为客户提供更好的营销体验，通过灵活、可扩展和连接的营销解决方案，支持客户实现成本效益、提高市场效果和投资回报[127] - Quad的主要运营和报告部门包括美国印刷及相关服务部门和国际部门，其中美国印刷及相关服务部门占公司合并净销售额的86%至87%，国际部门占约14%至13%[128] 财务表现 - 公司在2023年12月31日结束的财政年度的营业收入为25.7百万美元，较2022年12月31日结束的财政年度的53.5百万美元下降了52.0%[doc id='135'] - 2023年12月31日结束的财政年度，公司的净销售额为2957.7百万美元，较2022年12月31日结束的财政年度的3217.0百万美元下降了8.1%[doc id='140'] - 2023年12月31日结束的财政年度，公司的产品销售额为2334.1百万美元，较2022年12月31日结束的财政年度的2528.3百万美元下降了7.7%[doc id='141'] - 公司在2023年12月31日结束的财政年度的EBITDA为156.2百万美元，较2022年12月31日结束的财政年度的207.4百万美元下降了24.7%[doc id='144'] 经营表现 - Quad通过整合和优化业务各方面，降低成本结构，实现生产效率提升，通过精益生产和持续改进计划驱动生产力提升和可持续成本降低，以保持高质量、低成本生产商的地位[132] - 邮政费率上涨、纸张价格和可用性受影响、数字化和移动选项的竞争加剧等行业挑战导致Quad采取多项节约成本措施，包括关闭工厂和减少人员，以应对减少印刷产品需求的情况[133] 资金状况 - 公司于2023年底无欠款，可用于未来借款的金额为401.4百万美元[155] - 公司于2023年底的总杠杆比率为2.18比1，符合财务契约规定[156] - 公司于2023年底的流动性为181.6百万美元，符合财务契约规定[157] 风险管理 - 公司认为纸张和其他原材料价格的10%变动不会对公司的年度综合业绩或现金流产生显著直接影响[178] - 公司对客户的信用风险进行评估，并建立了2570万美元的坏账准备[176] - 公司在2023年12月31日的外国子公司面临着8870万美元的外汇风险[175] 其他信息 - 公司采用GAAP准则编制合并财务报表[206] - 公司在2023年的印刷和相关服务方面的总净销售额为2957.7百万美元，其中美国印刷和相关服务为2554.3百万美元，国际印刷和相关服务为403.4百万美元[213] - 公司在2023年支付的利息净额为55.9百万美元，支付的所得税为12.2百万美元[213]

Quad/Graphics Inc. (QUAD) Q4 2023 Earnings Conference Call February 21, 2024 10:00 AM ET Company Participants Katie Krebsbach - IR Joel Quadracci - Chairman, President and CEO Anthony Staniak - CFO Conference Call Participants Kevin Steinke - Barrington Research Associates Barton Crockett - Rosenblatt Securities Operator Good morning, and welcome to the Quad's Fourth Quarter and Full Year 2023 Conference Call. During todayÂ’s call all participants will be in a listen-only mode. [Operator Instructions]. A sl ...

February 21, 2024 This communication contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding, among other things, our current expectations about the Company’s future results, financial condition, sales, earnings, free cash flow, margins, objectives, goals, strategies, beliefs, intentions, plans, estimates, prospects, projections and outlook of the Company and can generally be identified ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Quad Reports Fourth Quarter and Full-Year 2023 Results Achieves 2023 guidance, including Net Debt Leverage of 2.0x, and continues commitment to debt reduction by lowering long-term targeted Net Debt Leverage range to 1.75x to 2.25x Reinitiates quarterly dividend of $0.05 per share SUSSEX, WI, February 20, 2024 — Quad/Graphics, Inc. (NYSE: QUAD) (“Quad” or the “Company”), a global marketing experience company, today reported results for the fourth quarter and full year ende ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34806 Quad/Graphics, Inc. (Exact name of registrant as specified in its charter) Wisconsin 39-1152983 (State or other ...

Quad/Graphics Inc. (QUAD) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET Company Participants Katie Krebsbach - Investor Relations Joel Quadracci - Chairman, President and CEO Anthony Staniak - Chief Financial Officer Kevin Steinke - Barrington Research Associates Operator Good morning, and welcome to the Quad's third quarter conference call. [Operator Instructions] A slide presentation accompanies today's webcast and participants are invited to follow along, advancing the slides themselves. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34806 Quad/Graphics, Inc. (Exact name of registrant as specified in its charter) Wisconsin 39-1152983 (State or other juri ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34806 Quad/Graphics, Inc. (Exact name of registrant as specified in its charter) Wisconsin 39-1152983 (State or other jur ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34806 QUAD/GRAPHICS, INC. (Exact name of registrant as specified in its charter) Wisconsin 39-1152983 (State or other jurisdiction of incorporat ...