Quad/Graphics (QUAD) Q4 Revs Beat Views
Quad/Graphics (NYSE: QUAD) reported Q4 EPS of $1.06, which includes a tax benefit and does not compare to the analyst estimate of $0.58. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.14 billion.
“We are pleased with our fourth quarter and full-year 2017 results, which were in-line with our expectations and demonstrate continued execution of our strategic priorities to generate consistent earnings and strong, sustainable Free Cash Flow that further strengthen our balance sheet, provide long-term shareholder value and accelerate our Quad 3.0 transformation,” said Joel Quadracci, Quad/Graphics Chairman, President & Chief Executive Officer. “We have made great progress with our transformation and will continue to leverage our strong print foundation as part of a much larger and more robust integrated marketing platform. We are proactively addressing our clients’ increasing needs to reduce complexity, and improve process efficiency and marketing spend effectiveness to offset ongoing marketplace disruption. Our acquisition of Ivie, a leading marketing services provider, accelerates our Quad 3.0 transformation. Our companies have complementary offerings that we can quickly scale as we create a powerful marketing solution focused on multichannel content creation and marketing execution.”
Quadracci added: “As we move forward in 2018, we remain steadfast in our goal to aggressively manage costs and productivity to hold the line on Adjusted EBITDA margins. This will allow us to maintain our position as the industry’s high-quality, low-cost producer, and continue generating consistent earnings and strong Free Cash Flow to support future value-creating opportunities for all our stakeholders.”
For earnings history and earnings-related data on Quad/Graphics (QUAD) click here.
