Quad/Graphics Q2 Loss Narrows; Increases Guidance - Quick Facts

(RTTNews) - Quad/Graphics, Inc. (QUAD) reported that its second-quarter loss to shareholders narrowed to $22.8 million or $0.48 per share, from a loss of $27.2 million or $0.59 per share, last year. Adjusted net loss was $5.3 million or $0.11 per share, for the quarter.

The company noted that its reported results include Brown Printing from the day of acquisition on May 30, 2014.

Analysts polled by Thomson Reuters expected the company to report a loss per share of $0.04 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $1.10 billion, compared to $1.11 billion, a year ago.

"Our second quarter results were consistent with our expectations and we remain on track to achieve our 2014 objectives," said Joel Quadracci, Quad/Graphics CEO.

The company increased its guidance for net sales and Adjusted EBITDA to reflect the contribution from the Brown Printing acquisition. Quad/Graphics currently estimates full-year 2014 net sales to be in the range of $4.8 billion to $4.9 billion, increased from a prior guidance range of $4.6 billion to $4.8 billion, and full-year 2014 adjusted EBITDA to be in the range of $535 million to $560 million, increased from a prior guidance range of $520 million to $550 million.