Quad reports third quarter and year-to-date 2026 results

Joel Quadracci, Chairman and Chief Executive Officer of Quad

“Clients are increasingly engaging multiple Quad solutions, supporting new-business growth and advancing our position as an integrated marketing experience company.”

Joel Quadracci, Chairman and Chief Executive Officer of Quad

“By connecting our clients with a broader range of capabilities, we are deepening relationships, increasing our share of client marketing spend and creating more durable revenue opportunities.”

Joel Quadracci, Chairman and Chief Executive Officer of Quad

“We have seen this with multiple retailers, including Wakefern and Chedraui USA's Smart & Final banner, which have recently expanded their relationship with Quad beyond print to In-Store Connect and Rise media services.”

Joel Quadracci, Chairman and Chief Executive Officer of Quad

“We also continue to build differentiated capabilities in areas where clients are seeking more connected and measurable marketing solutions.”

Joel Quadracci, Chairman and Chief Executive Officer of Quad

“Through Direct, our recently branded full-service direct marketing agency, we are helping clients improve marketing performance by combining audience intelligence, pre-market creative validation, production and measurement into a single connected solution.”

Joel Quadracci, Chairman and Chief Executive Officer of Quad

“In our in-store business, we continue to help clients rapidly scale their brand activations across retailers while introducing them to additional Quad capabilities.”

Joel Quadracci, Chairman and Chief Executive Officer of Quad

“During the quarter, In-Store Connect reached an important milestone with the signing of the network's first national retailer.”

Joel Quadracci, Chairman and Chief Executive Officer of Quad

“With thousands of stores across the U.S., this relationship creates a significant opportunity to expand the scale and reach of our retail media network, benefiting both participating consumer brands and our retail partners.”

Joel Quadracci, Chairman and Chief Executive Officer of Quad

“At the same time, we continue to strengthen our platform operating model through automation, AI-enabled tools and disciplined cost management.”

Joel Quadracci, Chairman and Chief Executive Officer of Quad

“These initiatives are helping drive increased productivity, strengthen margins and support our commitment to deliver strong full-year financial performance.”

Tony Staniak, Chief Financial Officer and Treasurer of Quad

“As a reflection of our sales momentum with new and existing clients, we are improving the range of our full-year 2026 Adjusted Annual Net Sales Change guidance, demonstrating continued advancement from the previous 2026 guidance and the 4.8% decline we reported for full-year 2025 when adjusting for the divestiture of our European operations effective February 2025.”

Tony Staniak, Chief Financial Officer and Treasurer of Quad

“Our Adjusted Annual Net Sales Change guidance improvement represents another meaningful measure of progress toward our goal of achieving an inflection to Net Sales growth in 2028.”

Tony Staniak, Chief Financial Officer and Treasurer of Quad

“We are also narrowing full-year Adjusted EBITDA and Free Cash Flow within our original guidance ranges, and we expect to achieve a low Net Debt Leverage Ratio of 1.5x at year-end 2026.”

Tony Staniak, Chief Financial Officer and Treasurer of Quad

“We are closely monitoring uncertainties in the macroeconomic environment and will continue our disciplined approach to how we manage all aspects of our business, including treating all costs as variable, optimizing capacity utilization and maintaining strong labor management to mitigate the impact of rising costs on our business and our clients.”

Tony Staniak, Chief Financial Officer and Treasurer of Quad

“These initiatives continue to fuel strong manufacturing operations and drive productivity gains to help offset secular declines in large-scale print.”

Tony Staniak, Chief Financial Officer and Treasurer of Quad

“They also support our balanced capital allocation strategy, including $23 million of capital returned to shareholders year-to-date through $15 million of cash dividends and $8 million of share repurchases.”

Tony Staniak, Chief Financial Officer and Treasurer of Quad

“Our next quarterly dividend of $0.10 per share is payable December 4, 2026, and we expect to remain opportunistic in terms of future share repurchases.”