Quad Graphics Sees FY24 Annual Net Sales Change 5%-9% Decline; Capital Expenditures $60M-$70M
Portfolio Pulse from Benzinga Newsdesk
Quad Graphics projects a 5%-9% decline in FY24 annual net sales, with capital expenditures estimated between $60M-$70M.
April 30, 2024 | 9:19 pm
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Quad Graphics expects a 5%-9% decrease in FY24 annual net sales and anticipates capital expenditures of $60M-$70M.
The projected decline in annual net sales for FY24 indicates potential challenges in revenue generation for Quad Graphics, which could negatively impact investor sentiment and stock price in the short term. The planned capital expenditures suggest ongoing investments in the business, but the immediate focus for investors is likely to be on the sales decline.
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