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Quad/Graphics (QUAD) guidance and outlook

Quad/Graphics (QUAD) narrowed its guidance on Oct 28, 2026: Revenue −3% for FY2026; EPS $0.10 for FY2026; Free cash flow $40.0M–$60.0M for FY2026; Capital expenditures $55.0M–$65.0M for FY2026. Quad/Graphics' 10-Q filed Jul 29, 2026 makes 9 forward-looking statements.

Guidance and outlook

Latest guidance

From the earnings release filed Oct 28, 2026 (8-K on EDGAR).

Forward-looking statements, 10-Q filed Jul 29, 2026

• The Company can produce targeted print products, such as catalogs, direct mail, in-store signage and displays, and high-end packaging, as well as large-scale print products, such as magazines, retail inserts and directories.
• The Company’s management believes the ability to generate net sales growth, profit increases and positive cash flow, while maintaining the appropriate level of debt, are key indicators of the successful execution of the Company’s business strategy and will increase shareholder value.
• The Company believes it will continue to drive productivity improvements and sustainable cost reduction initiatives into the future through an engaged workforce and ongoing adoption of the latest manufacturing automation and technology.
• The Company continues to face several other industry challenges that have, and are expected to continue to, adversely impact the Company’s results of operations.
• The Company continues to operate in an elevated interest rate environment, which is expected to continue through 2026.
• The Company is unable to predict the full future impact these challenges will have on its business, financial condition, cash flows and results of operations, but expects them to continue through 2026.
• The Company expects to incur additional restructuring and integration costs in future reporting periods in connection with eliminating excess manufacturing capacity and properly aligning its cost structure in conjunction with the Company’s acquisitions and strategic investments, and other cost reduction programs.
• The Net Debt Leverage Ratio at June 30, 2026, is above management’s desired target Net Debt Leverage Ratio range of 1.50x to 2.00x; however, the Company will operate at times above the Net Debt Leverage Ratio target range depending on the timing of seasonal working capital needs, compelling strategic investment opportunities, proceeds from asset sales or payment of the Mexico tax litigation settlement amount.
• While the Company currently expects to be in compliance in future periods with all of the financial covenants, there can be no assurance that these covenants will continue to be met.

Quad/Graphics' latest quarter

Questions

Did Quad/Graphics raise or lower its guidance?

Quad/Graphics (QUAD) narrowed its guidance on Oct 28, 2026: Revenue −3% for FY2026; EPS $0.10 for FY2026; Free cash flow $40.0M–$60.0M for FY2026; Capital expenditures $55.0M–$65.0M for FY2026.

What does Quad/Graphics expect?

The Company can produce targeted print products, such as catalogs, direct mail, in-store signage and displays, and high-end packaging, as well as large-scale print products, such as magazines, retail inserts and directories. The Company’s management believes the ability to generate net sales growth, profit increases and positive cash flow, while maintaining the appropriate level of debt, are key indicators of the successful execution of the Company’s business strategy and will increase shareholder value. The Company believes it will continue to drive productivity improvements and sustainable c

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.