Quad Graphics Updates 2024 Guidance: Now Sees Annual Net Sales Change Of ~9% Decline (Prior 5%-9% Decline); Adj. EBITDA Of $215M- $235M (Prior $205M-$245M)
Portfolio Pulse from Benzinga Newsdesk
Quad Graphics has updated its 2024 financial guidance, now expecting an annual net sales decline of approximately 9%, adjusted EBITDA between $215M and $235M, and a year-end debt leverage ratio of approximately 1.5x.
October 29, 2024 | 5:57 am
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Quad Graphics has revised its 2024 guidance, now anticipating a larger decline in annual net sales of approximately 9%, but improved adjusted EBITDA of $215M-$235M. The company also expects a lower year-end debt leverage ratio of approximately 1.5x.
The updated guidance indicates a larger decline in sales than initially expected, which could be seen negatively. However, the improved EBITDA range and lower debt leverage ratio suggest better operational efficiency and financial health, balancing the impact.
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