Revenue: As of FY2025 Q2, the actual value is USD 571.9 M, beating the estimate of USD 554.85 M.EPS: As of FY2025 Q2, the actual value is USD 0, missing the estimate of USD 0.01.EBIT: As of FY2025 Q2, the actual value is USD 34.1 M.<h3>United States Print and Related Services</h3><ul><li>Net Sales: $524.5 million for the three months ended June 30, 2025, compared to $544.3 million for the same period in 2024, a decrease of 3.6%.</li><li>Operating Income: $22.8 million for the three months ended June 30, 2025, compared to $25.4 million for the same period in 2024, a decrease of 10.2%.</li><li>Operating Margin: 4.3% for the three months ended June 30, 2025, compared to 4.7% for the same period in 2024.</li></ul><h3>International</h3><ul><li>Net Sales: $47.4 million for the three months ended June 30, 2025, compared to $89.9 million for the same period in 2024, a decrease of 47.3%.</li><li>Operating Income: $3.9 million for the three months ended June 30, 2025, compared to $2.3 million for the same period in 2024, an increase of 69.6%.</li><li>Operating Margin: 8.2% for the three months ended June 30, 2025, compared to 2.6% for the same period in 2024.</li></ul><h3>Corporate</h3><ul><li>Operating Expenses: $13.0 million for the three months ended June 30, 2025, compared to $12.6 million for the same period in 2024, an increase of 3.2%.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: $41.6 million for the six months ended June 30, 2025, compared to $48.3 million for the same period in 2024.</li><li>Free Cash Flow: -$65.9 million for the six months ended June 30, 2025, compared to -$81.8 million for the same period in 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: Quad aims to drive profitable growth and maximize net earnings, Free Cash Flow, and operating margins. The company plans to maintain a strong balance sheet and liquidity level, ensuring access to capital for strategic investments and shareholder returns.</li><li>Non-Core Business: The company completed the sale of its European operations on February 28, 2025, and acquired the co-mailing assets of Enru on April 1, 2025, to strengthen its existing co-mail platform.</li></ul>

Quad Graphics | 10-Q: FY2025 Q2 Revenue Beats Estimate at USD 571.9 M