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Quad reaffirms full-year 2024 financial guidance, including 1.8x Net Debt Leverage by year end.
May 1, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
Quad/Graphics, Inc. reported results for the first quarter ended March 31, 2024. Net sales were $655 million in the first quarter of 2024, a decrease of 15% compared to the same period in 2023 primarily due to lower paper, print and agency solutions sales, including the loss of a large grocery client. Net loss was $28 million in the first quarter of 2024 compared to net loss of $25 million in the first quarter of 2023. The decrease is primarily due to lower sales and higher restructuring a...
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