Quad/Graphics, Inc. (QUAD)
NYSEIndustrialsSpecialty Business ServicesSnapshot 2026-09-04
$10.70+3.28%
Close 2026-09-04 · 1-day change
NYSEIndustrialsSpecialty Business ServicesSnapshot 2026-09-04
QuarterlyIQ Insights · QUAD
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue investing in growth-oriented marketing and print offerings, including expanding Packaging with a new Salt Lake City facility operational in Q4 2026.
Stated as a priority in 2 of last 2 quarters. Net Sales grew 1% year-over-year in 2026-Q2 to $578 million, reversing a 7.7% decline in 2026-Q1 to $581 million. Management emphasized investments in growth-oriented offerings and expanding Packaging footprint with a new Salt Lake City facility expected operational in Q4 2026. The trajectory shows partial delivery with recent sales growth and ongoing expansion efforts.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated neutral grew net income 51% of the time over the next year (vs 60% for the rest of the cohort, n=9249).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Investing in growth-oriented offerings across agency solutions and targeted print; expanding Packaging with new Salt Lake City facility expected operational in Q4 2026.”
“Making strategic investments in innovative marketing solutions and high-caliber talent to expand our offering and strengthen client relationships.”
Focus on productivity, automation, AI tools, and cost discipline to strengthen operating model and achieve full-year guidance.
Stated as a priority in 2 of last 2 quarters. Operating income was $14.9 million in 2026-Q2, up from $13.7 million in 2025-Q2, but declined to $17.7 million in 2026-Q1 from $19.6 million in 2025-Q1. Management emphasized disciplined cost management, automation, and AI tools to strengthen operations and meet guidance. The trajectory shows mixed delivery with some improvement in Q2 but softness in Q1.
“Driving productivity and operational excellence through automation, AI-enabled tools and disciplined cost management to strengthen our operating model.”
“Strengthening cost structure by investing in automation and adopting AI-enabled tools, improving productivity, speed and agility.”
Continue balanced capital allocation with quarterly dividends and opportunistic share repurchases.
Stated as a priority in 2 of last 2 quarters. The company declared a quarterly dividend of $0.10 per share in both 2026-Q1 and Q2. Share repurchases totaled 0.4 million shares in 2026, bringing total repurchases since 2022 to 7.9 million shares. Management continues balanced capital allocation with dividends and opportunistic repurchases, delivering consistent shareholder returns.
“Returned $13 million to shareholders year-to-date 2026 through dividends and share repurchases; expect to remain opportunistic in future repurchases.”
“Returned $7 million to shareholders through $6 million dividends and $1 million share repurchases year-to-date.”
Manage capital expenditures within the guided range to support growth and maintenance.
Stated as a priority in 3 of last 3 quarters. The company consistently guided capital expenditures between $55 million and $65 million for full-year 2026. This range supports growth investments such as the new Packaging facility. The guidance has been stable and management is maintaining disciplined capex within this range.
“Capital Expenditures $55 million to $65 million for full-year 2026.”
“Full-Year Capital Expenditures $55 million to $65 million.”
“Capital Expenditures guidance $55 million to $65 million for 2026.”
Target maintaining net debt leverage ratio near 1.5x at year-end to balance leverage and financial flexibility.
Stated as a priority in 3 of last 3 quarters. The company consistently targets a year-end net debt leverage ratio of approximately 1.5x for 2026. Net debt was $394 million at June 30, 2026, compared to $308 million at December 31, 2025. Management is maintaining leverage near target despite seasonal and investment-related fluctuations, indicating delivery on this priority.
“Year-End Net Debt Leverage Ratio Approximately 1.5x for 2026.”
“Year-End Net Debt Leverage Ratio Approximately 1.5x for 2026.”
“Year-End Net Debt Leverage Ratio Approximately 1.5x for 2026.”
Over the trailing year it converted 3.37x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
4 material management or governance events in the past 24 months, led by executive changes. Historically, Industrials names rated stable grew net income 55% of the time over the next year (vs 58% for the rest of the cohort, n=2546).
Not investment advice. As of 2026-09-04.