# Quad/Graphics Q3 2026 Earnings Report

> Quad/Graphics reports steady Q3 2026 earnings with improved guidance and new marketing initiatives.
- Title: Quad/Graphics Q3 2026 Earnings Report · The Motley Fool
- Summary: Quad/Graphics reports steady Q3 2026 earnings with improved guidance and new marketing initiatives. Quad/Graphics achieved $587 million in Q3 2026 net sales…
- Keywords: quadgraphics, q3 2026, earnings call, net sales, adjusted ebitda, dividend, share repurchases, in-store connect, direct marketing, revenue diversification, finance, money
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/29/quadgraphics-quad-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-29T17:55:44+00:00
- Read time: 1 min
- Topics: quadgraphics, q3 2026, earnings call, net sales, adjusted ebitda, dividend, share repurchases, in-store connect, direct marketing, revenue diversification, finance, money
## Q3 2026 Results
Net sales reached $587 million, consistent with $588 million in Q3 2025.
## Adjusted EBITDA Margin
Adjusted EBITDA margin at 8.7%, down from 8.9% in prior year.
## Quarterly Dividend
Raised quarterly dividend to $0.10 per share, a 33% increase from prior year.
## Full-Year Guidance
Net sales expected to decline 1%-3% in 2026, improved from prior range of -1% to -5%.
## Asset Sales
Received over $17 million from sale of building and equipment in Lima, Peru.
## In-Store Connect Expansion
Deployed 100 additional stores, including initial 30-store rollout with national discount retailer in Florida.
## Direct Marketing Agency
Launched 'Direct' agency integrating strategy, audience intelligence, and measurement for direct marketing clients.
## Revenue Mix Target
Targeting 76% of net sales from integrated solutions and targeted print by 2028.
## Mexico Tax Settlement
Paid $12 million to resolve Mexico tax audit assessment, $5 million lower than previous accrual.
## Net Debt Leverage
Net debt at $422 million as of Sept. 30, 2026, representing 9% reduction from prior year.
## Capital Expenditures
Approximately $55 million for full year supporting plant automation and Salt Lake City packaging facility.
## Free Cash Flow Guidance
Expected $45 million to $55 million free cash flow for 2026, narrowed from previous range.
## Share Repurchases
1 million shares repurchased year-to-date for approximately $8 million.
## Logistics Sales Growth
Increased due to fuel surcharges and co-mail operations volume.
## Large-Scale Print Decline
2% organic decrease in first nine months of 2026, primarily magazines and retail inserts.
## Growth Flywheel Strategy
Successful execution in one area enables expansion into additional services for clients.
## Key takeaway

Quad/Graphics achieved $587 million in Q3 2026 net sales, raised quarterly dividend 33%, and updated full-year guidance with improved net sales outlook.