Quad Reports Third Quarter and Year-to-Date 2019 Results
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Quad/Graphics (QUAD) Misses Q3 EPS by 112c, Revenues Miss; Lowers FY19 Revenue Guidance
October 29, 2019 5:33 PM EDTQuad/Graphics (NYSE: QUAD) reported Q3 EPS of ($0.94), $1.12 worse than the analyst estimate of $0.18. Revenue for the quarter came in at $944 million versus the consensus estimate of $1.01 billion.
Key Actions to Accelerate TransformationPlans to divest book business that generates annual sales of $200 million as part of ongoing portfolio optimization.Expands cost reduction program to $50 million in annual savings.Resets quarterly dividend to $0.15 per share to provide additional financial flexibility to continue to scale its Quad 3.0 strategy and... More