0001481792-26-000042
SEC filingQuad/Graphics, Inc. reported net sales of $2.42 billion for fiscal year 2025, generating operating income of $97.0 million and net earnings of $27.0 million. The company achieved a gross profit of $520 million (calculated from net sales of $2.42B minus cost of sales of $1.90B), resulting in a gross margin of 21.5%. Operating cash flow was strong at $95.9 million, which funded capital expenditures of $45.2 million, acquisitions of $16.3 million, and dividend payments of $14.4 million. The balance sheet shows total assets of $1.25 billion with shareholders' equity of $128.6 million and total liabilities of $1.12 billion, including long-term debt of $322.9 million. Earnings per share were $1.00 for both basic and diluted calculations. The company's performance reflects effective cost management and operational execution in a challenging market environment.
Quad/Graphics, Inc. reported fiscal year 2025 results with net sales of $2.42 billion, cost of sales of $1.90 billion, and total operating expenses of $2.32 billion. The company generated operating income of $97.0 million, earnings before income taxes of $32.5 million, and net earnings of $27.0 million. Key expense components included selling, general and administrative expenses of $325.9 million, depreciation and amortization of $78.6 million, restructuring and impairment charges of $21.8 million, interest expense of $50.5 million, and income tax expense of $5.5 million. The company reported earnings per share of $1.00 for both basic and diluted calculations, with weighted average shares of 47.6 million basic and 49.9 million diluted.
The filing provides consolidated revenue figures without segment breakdown. Net sales of $2.42 billion represent the company's total revenue from all operations. No segment-level revenue data, geographic mix, or specific growth drivers are disclosed in the provided financial data. The company's revenue generation appears concentrated in its core printing and marketing services business lines, though specific product/service contributions are not detailed in the available information.
The company achieved a gross margin of 21.5% based on net sales of $2.42 billion and cost of sales of $1.90 billion. Operating margin was 4.0% with operating income of $97.0 million. Profitability was impacted by significant operating expenses including $325.9 million in selling, general and administrative expenses, $78.6 million in depreciation and amortization, and $21.8 million in restructuring and impairment charges. The net profit margin was 1.1% based on net earnings of $27.0 million. Cost structure shows sales and administrative expenses representing 13.5% of revenue.
Operating activities generated $95.9 million in cash flow, primarily from net earnings of $27.0 million adjusted for $78.6 million in depreciation and amortization. Investing activities used $27.7 million for capital expenditures of $45.2 million and business acquisitions of $16.3 million, partially offset by $36.8 million from asset sales. Financing activities used $36.1 million for debt payments of $28.6 million, dividend payments of $14.4 million, and treasury stock purchases of $8.0 million. Free cash flow was $50.7 million (operating cash flow of $95.9M minus capital expenditures of $45.2M). The balance sheet shows total assets of $1.25 billion, including current assets of $538.4 million with $63.3 million in cash. Total liabilities of $1.12 billion include current liabilities of $624.2 million and long-term debt of $322.9 million. Shareholders' equity stands at $128.6 million.
The provided financial data does not include management guidance, strategic priorities, or specific risk factors. No forward-looking statements, revenue projections, or earnings guidance are present in the extracted financial statements. The filing focuses on historical financial results for fiscal year 2025 without explicit discussion of future expectations or strategic initiatives. Investors should refer to the complete 10-K filing for management discussion and analysis of future prospects.