|Over a month ago|
Plexus appoints Joel Quadracci to board of directors » 08:1004/0604/06/20
Plexus (PLXS) announced…
Plexus (PLXS) announced that Joel Quadracci, Chairman, President and CEO of Quad/Graphics, Inc. (QUAD), has joined Plexus' Board of Directors.
|Over a quarter ago|
Quad/Graphics implements temporary employee furlough program 18:0404/0204/02/20
Quad/Graphics implements salary reductions for over 300 leaders 18:0404/0204/02/20
Quad/Graphics withdraws FY20 guidance amid COVID-19 uncertainty » 18:0304/0204/02/20
Quad/Graphics provided a…
Quad/Graphics provided a business update on its actions taken in response to the COVID-19 pandemic. Recent COVID-19 Actions: Suspended all domestic and international travel; Implemented temporary salary reductions for over 300 leaders, including a 50% salary reduction for the CEO and a 35% reduction for the other named executive officers; At the recommendation of the Board of Directors, temporarily reduced directors' fees by 50%; Implemented a temporary employee furlough program with Company-paid medical benefits; Changed vacation policies; Suspended production at several manufacturing facilities where declining client volume or other effects of the pandemic have impacted the Company's ability to operate; Delayed capital spending projects; and icreased borrowings by $100 million under the credit facility to increase cash on hand to approximately $200 million to ensure continued financial flexibility. Given the uncertainty of the duration of the COVID-19 pandemic, Quad is withdrawing its full-year 2020 financial guidance issued on February 18, 2020. Additionally, due to uncertainty in customer demand as a result of COVID-19, the Board of Directors made the proactive decision to temporarily suspend the Company's quarterly dividend of $0.15 per share. The Company remains committed to paying a dividend over the long-term and will seek to resume the dividend following stabilization of its operating environment. "The health and safety of our employees remains our top priority," said Joel Quadracci, Quad's Chairman, President and CEO. "We have directed employees who can work from home to do so, as well as implemented additional social distancing and sanitizing precautions to ensure the safety of our employees working in essential manufacturing facilities. We have implemented a temporary furlough program throughout all areas of the Company and have temporarily ceased operations at a number of our manufacturing facilities. We will continue to prioritize the health and well-being of our employees while making the tough but necessary decisions to protect the financial health of Quad. Through it all, we will continue to provide extraordinary client service and quality to quickly meet our clients changing needs and innovate new ideas to help them maintain business continuity and consumer engagement during this period of uncertainty."
Quad/Graphics rises 22.3% » 10:0002/1902/19/20
Quad/Graphics is up…
Quad/Graphics is up 22.3%, or $1.14 to $6.23.
Quad/Graphics rises 35.6% » 09:4702/1902/19/20
Quad/Graphics is up…
Quad/Graphics is up 35.6%, or $1.81 to $6.90.
Fly Intel: After Hours Movers » 19:0502/1802/18/20
QUAD, SSTI, ENPH, HLF, SCPL, LZB, RPAI, XPER, FANG, DVN, TPH, TIVO, BBBY, GRPN, KNL, SGMS, APRN, AMED, BKD, TXG, LC, PLMR, BLUE, HSTM, KAR
UP AFTER EARNINGS:…
UP AFTER EARNINGS: Quad/Graphics (QUAD) up 25.0%... ShotSpotter (SSTI) up 20.1%... Enphase Energy (ENPH) up 11.8%... Herbalife (HLF) up 5.8%... SciPlay (SCPL) up 4.7%... La-Z-Boy (LZB) up 4.6%... Retail Properties of America (RPAI) up 3.0%... Xperi (XPER) up 2.5%... Diamondback Energy (FANG) up 1.9%... Devon Energy (DVN) up 1.9%... TriPointe Group (TPH) up 1.9%... TiVo (TIVO) up 1.5%. ALSO HIGHER: Bed Bath Beyond (BBBY) up 4.0% after guiding FY20 capital allocation. DOWN AFTER EARNINGS: Groupon (GRPN) down 24.9%... Knoll (KNL) down 13.6%... Scientific Games (SGMS) down 10.5%... Blue Apron (APRN) down 9.8%... Amedisys (AMED) down 9.0%... Brookdale Senior Living (BKD) down 6.4%... 10X Genomics (TXG) down 5.1%... LendingClub (LC) down 2.8%... Palomar (PLMR) down 2.8%... bluebird bio (BLUE) down 2.0%... HealthStream (HSTM) down 1.4%... KAR Auction Services (KAR) down 1.4%. Movers as of 18:30ET.
Quad/Graphics sees FY20 revenue $3.5B-$3.7B, one estimate $3.5B » 16:3102/1802/18/20
Sees FY20 adjusted EBITDA…
Sees FY20 adjusted EBITDA $285M-$315M.
Quad/Graphics reports Q4 EPS ex-items 14c, one estimate 3c » 16:3102/1802/18/20
Reports Q4 revenue $1.1B,…
Reports Q4 revenue $1.1B, one estimate $1.02B. "I am pleased to report that our fourth quarter results exceeded expectations, driven by continued execution against our strategic priorities, including aggressive cost management and increased manufacturing productivity. We had one of the best quarters in the past decade in terms of customer service performance, achieving strong quality and on-time delivery for our clients in their busiest season. This strong performance is due, in large part, to our decision to invest $40 million to increase hourly production employees' wages, as we saw significant productivity gains throughout the quarter," said Joel Quadracci, Chairman, President & CEO.
Quad/Graphics acquires Apple Tree Group, terms undisclosed » 07:4802/1002/10/20
Quad/Graphics has acquired Apple Tree Group, a strategic and creative agency specializing in point-of-sale advertising. The acquisition strengthens Quad's integrated marketing solutions offering. Apple Tree, which is based in Mexico City near Quad's established Mexico operations, serves clients around the world. The agency's portfolio of solutions complements Quad's marketing platform that includes customer analytics, campaign strategies, media optimization and global production. Like Quad, Apple Tree is at the forefront of sustainability efforts and is committed to sustainable practices throughout its supply chain. Apple Tree will become part of Quad's in-store marketing group. The acquisition was completed on January 22. The parties are not disclosing the terms of the acquisition.