Quad/Graphics (QUAD) Tops Q4 EPS by 4c
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Quad/Graphics (NYSE: QUAD) reported Q4 EPS of $0.73, $0.04 better than the analyst estimate of $0.69. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.24 billion.
GUIDANCE:
Quad/Graphics sees FY2017 revenue of $4.1-4.3 billion, versus the consensus of $4.2 billion.
“We are pleased with our fourth quarter and full-year 2016 results, which exceeded our expectations and show that we more than accomplished what we set out to achieve at the start of the year,” said Joel Quadracci, Quad/Graphics Chairman, President & Chief Executive Officer. “Throughout 2016, we continued to transform both our business and the industry through strategic investment in our assets and through the creation of new and innovative solutions designed to drive greater value for our clients. We also continued to implement sustainable cost reductions and productivity improvements while maintaining our focus on revenue to drive EBITDA enhancement.”
Quadracci added: “As we look forward to 2017, we plan to continue to take advantage of our unique position in the industry as both a global printer and a marketing services provider. We will leverage our growing BlueSoho integrated marketing agency, as well as our strategic investment in Rise Interactive, to create innovative, end-to-end solutions for our customers that will allow them to improve both the efficiency and effectiveness of their media spend across multiple channels. Further, we will remain diligent in our aggressive management of costs and productivity to hold the line on Adjusted EBITDA margins. This will allow us to meet our goal of being the industry’s high-quality, low-cost producer, and generate strong Free Cash Flow to support value-creating opportunities as part of our company’s ongoing transformation as a global marketing services provider.”
For earnings history and earnings-related data on Quad/Graphics (QUAD) click here.
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