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Quad/Graphics, Inc. updated 2026 guidance to net sales declining 1% to 3%, adjusted EBITDA of $185 and $195 million, and free cash flow of $45 to $55 million; third-quarter net sales were $587 million and adjusted EBITDA was $51 million.
Quad reported approximately 2,100 clients through September 2026; total liquidity was $241.0 million as of September 30, 2026, and consolidated debt and finance lease obligations increased by $73.1 million during the nine months ended September 30, 2026.
Quad/Graphics, Inc. reported third-quarter Net Sales of $587 million, Net Earnings of $6 million and Adjusted EBITDA of $51 million. Updated 2026 guidance includes $185 million to $195 million Adjusted EBITDA and $45 million to $55 million Free Cash Flow.
