Quad reported results for the fourth quarter and full-year ended Dec. 31, 2023. Despite economic challenges that negatively affected print volumes, the company achieved its 2023 financial guidance.
Achieves 2023 guidance, including Net Debt Leverage of 2.0x, and continues commitment to debt reduction by lowering long-term targeted Net Debt Leverage range to 1.75x to 2.25x
Reinitiates.
Quad will use its strong cash generation to invest in its integrated marketing platform, strengthening its balance sheet through debt reduction, and repurchasing of Quad shares.
Quad Reports Third Quarter and Year-to-Date 2023 Results streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.