Quad/Graphics (QUAD) Tops Q2 EPS by 11c, Miss on Revenues

Quad/Graphics (NYSE: QUAD) reported Q2 EPS of $0.24, $0.11 better than the analyst estimate of $0.13. Revenue for the quarter came in at $963.2 million versus the consensus estimate of $985.85 million.

Financial Highlights

• Increased second quarter 2017 net earnings to $7 million and diluted earnings per share to $0.13 on net sales of $963 million.
• Increased second quarter 2017 Non-GAAP Adjusted EBITDA margin by 50 basis points to 10.0% on Non-GAAP Adjusted EBITDA of $97 million.
• Increased second quarter 2017 Non-GAAP Adjusted Diluted Earnings per Share by $0.21 to $0.24.
• Achieved year-to-date cash flow from operations of $112 million and generated $69 million of Non-GAAP Free Cash Flow, both in-line with expectations.
• Reduced debt and capital leases by $53 million, or 5%, through the first six months of 2017 and improved Debt Leverage Ratio to 2.25x from 2.36x at December 31, 2016.
• Declares quarterly dividend of $0.30 per share.

For earnings history and earnings-related data on Quad/Graphics (QUAD) click here.

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