SUSSEX,
Wis., Feb. 13, 2025 /PRNewswire/ --
Quad/Graphics, Inc. (NYSE: QUAD) ("Quad" or the "Company"), a
global marketing experience company, announced today that its Board
of Directors approved an increase in the quarterly dividend on the
Company's common stock from $0.05 per
share, or $0.20 per share on an
annualized basis, to $0.075 per
share, or $0.30 per share on an
annualized basis.
The new $0.075 quarterly dividend
is payable on March 14, 2025, to
shareholders of record as of February 28,
2025.
Joel Quadracci, Chairman,
President and CEO of Quad, said: "We remain focused on our
strategic growth and financial priorities, including consistent,
strong cash generation. Successful execution against these ongoing
initiatives has enabled us to increase our quarterly dividend and
reduce debt while maintaining the capital flexibility to invest in
accelerating our offerings as a marketing experience, or MX,
company. We also expect to be opportunistic in terms of our future
share repurchases."
About Quad
Quad (NYSE: QUAD) is a global marketing experience company that
helps brands make direct consumer connections, from household to
in-store to online. Supported by state-of-the-art technology and
data-driven intelligence, Quad uses its suite of media, creative
and production solutions to streamline the complexities of
marketing and remove friction from wherever it occurs in the
marketing journey. Quad tailors its uniquely flexible, scalable and
connected solutions to clients' objectives, driving cost
efficiencies, improving speed to market, strengthening marketing
effectiveness, and delivering value on client
investments.
Quad employs approximately 13,000 people in 14 countries and
serves approximately 2,700 clients including industry leading
blue-chip companies that serve both businesses and consumers in
multiple industry verticals, with a particular focus on commerce,
including retail, consumer packaged goods, and direct-to-consumer;
financial services; and health. Quad is ranked among the largest
agency companies in the U.S. by Ad Age, buoyed by its
full-service Rise media agency and Betty creative agency.
Quad is also one of the largest commercial printers in North America, according to Printing
Impressions.
For more information about Quad, including its commitment to
ongoing innovation, culture and sustainable impact, visit
quad.com.
Forward-Looking Statements
This press release 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 by the use of words or
phrases such as "may," "will," "expect," "intend," "estimate,"
"anticipate," "plan," "foresee," "project," "believe," "continue"
or the negatives of these terms, variations on them and other
similar expressions. These forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause
actual results to be materially different from those expressed in
or implied by such forward-looking statements. Forward-looking
statements are based largely on the Company's expectations and
judgments and are subject to a number of risks and uncertainties,
many of which are unforeseeable and beyond our control.
The factors that could cause actual results to materially differ
include, among others: the impact of increased business complexity
as a result of the Company's transformation to a marketing
experience company, including adapting marketing offerings and
business processes as required by new markets and technologies,
such as artificial intelligence; the impact of decreasing demand
for printing services and significant overcapacity in a highly
competitive environment creates downward pricing pressures and
potential under-utilization of assets; the impact of increases in
its operating costs, including the cost and availability of raw
materials (such as paper, ink components and other materials),
inventory, parts for equipment, labor, fuel and other energy costs
and freight; the impact of changes in postal rates, service levels
or regulations; the impact macroeconomic conditions, including
inflation and elevated interest rates, as well as postal rate
increases, tariffs, trade restrictions, cost pressures and the
price and availability of paper, have had, and may continue to
have, on the Company's business, financial condition, cash flows
and results of operations (including future uncertain impacts); the
inability of the Company to reduce costs and improve operating
efficiency rapidly enough to meet market conditions; the impact of
a data-breach of sensitive information, ransomware attack or other
cyber incident on the Company; the fragility and decline in overall
distribution channels; the failure to attract and retain qualified
talent across the enterprise; the impact of digital media and
similar technological changes, including digital substitution by
consumers; the failure of clients to perform under contracts or to
renew contracts with clients on favorable terms or at all; the
impact of risks associated with the operations outside of
the United States ("U.S."),
including trade restrictions, currency fluctuations, the global
economy, costs incurred or reputational damage suffered due to
improper conduct of its employees, contractors or agents, and
geopolitical events like war and terrorism; the impact negative
publicity could have on our business and brand reputation; the
failure to successfully identify, manage, complete and integrate
acquisitions, investment opportunities or other significant
transactions, as well as the successful identification and
execution of strategic divestitures; the impact of significant
capital expenditures and investments that may be needed to sustain
and grow the Company's platforms, processes, systems, client and
product technology, marketing and talent, to remain technologically
and economically competitive, and to adapt to future changes, such
as artificial intelligence; the impact of the various restrictive
covenants in the Company's debt facilities on the Company's ability
to operate its business, as well as the uncertain negative impacts
macroeconomic conditions may have on the Company's ability to
continue to be in compliance with these restrictive covenants; the
impact of an other than temporary decline in operating results and
enterprise value that could lead to non-cash impairment charges due
to the impairment of property, plant and equipment and other
intangible assets; the impact of regulatory matters and legislative
developments or changes in laws, including changes in
cyber-security, privacy and environmental laws; and the impact on
the holders of Quad's class A common stock of a limited active
market for such shares and the inability to independently elect
directors or control decisions due to the voting power of the class
B common stock; and the other risk factors identified in the
Company's most recent Annual Report on Form 10-K, which may be
amended or supplemented by subsequent Quarterly Reports on Form
10-Q or other reports filed with the Securities and Exchange
Commission.
Except to the extent required by the federal securities laws,
the Company undertakes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise.
Investor Relations Contact
Don Pontes
Executive Director of Investor Relations
916-532-7074
dwpontes@quad.com
Media Contact
Claire Ho
Corporate Communications Director
414-566-2955
cho@quad.com
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SOURCE Quad
