Quad Q2 net sales rise 1% to $578 million; full-year 2026 guidance reaffirmed
Quad reported second-quarter 2026 net sales of $578 million, up 1% from a year earlier, and net earnings of $4 million, or $0.07 per diluted share, compared with a net loss of $0.1 million in the second quarter of 2025. Adjusted EBITDA was $42 million, slightly below $43 million a year earlier, and the company reaffirmed its full-year 2026 guidance. Net debt rose to $394 million at June 30, 2026, from $308 million at December 31, 2025.
Key points
- Net sales were $578 million versus $572 million, driven by higher paper and logistics sales.
- Net earnings were $4 million, or $0.07 diluted EPS, versus a net loss of $0.1 million; adjusted diluted EPS was $0.24 versus $0.14.
- Adjusted EBITDA was $42 million versus $43 million; full-year 2026 adjusted EBITDA guidance of $175 million to $215 million is unchanged.
- Net debt was $394 million at June 30, 2026, up from $308 million at December 31, 2025; a $0.10 quarterly dividend is payable September 4, 2026.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.