Adjusted EBITDA and Margin Improvement
Adjusted EBITDA increased to $59 million in Q3 2024 from $57 million in Q3 2023, with the adjusted EBITDA margin rising by 54 basis points to 8.7%.
Debt Reduction and Leverage Improvement
Quad reduced its net debt by $94 million from the previous year, with plans to decrease the net debt leverage to 1.5x by year-end 2024, improved from the original guidance of 1.8x.
Strategic Divestiture for Growth
Entered a definitive agreement to sell European print operations for approximately $45 million, aiming to focus on growth as a marketing experience company.
Innovative Partnerships and Solutions
Partnership with Google Cloud to create AI-driven solutions, enhancing audience targeting and content personalization capabilities.
Successful Client Implementations
Notable successes with Nicklaus Children's Hospital and Consolidated Communications, achieving high engagement rates and significant marketing improvements.