Quad Graphics, Inc (QUAD) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to COD's fourth quarter and full year 2025 conference call. During today's call, all participants will be in listen-only mode. Should you need assistance at any time, please signal a conference specialist by pressing the star key followed by zero. A slide presentation accompanies today's webcast and participants are invited to follow along, advancing the slides themselves. To access the webcast, Follow the instructions posted on the earnings release. Alternatively, you can access the slide presentation on the Investors section of Quad's website under the Events and Presentations link. After today's presentation, there will be an opportunity to ask questions. To ask a question, please press star and then 1. To withdraw a question, please press star then 2. Please note, this event is being recorded. I will now turn the conference over to Julie Frondor, Quad's Executive Director of Corporate Development and Investor Relations. Julie, please go ahead. Thank you, Operator, and good morning, everyone. With me today are Joel Quadracci, Quad's Chairman and Chief Executive Officer, and Tony Staniak, Quad's Chief Financial Officer and Treasurer. Joel will lead today's call with a business update, and Tony will follow with a summary of Quad's fourth quarter and full year 2025 financial results, followed by Q&A. I would like to remind everyone that this call is being webcast, and forward-looking statements are subject to safe harbor provisions as outlined in our quarterly news release and in today's slide presentation on slide two. Quad's financial results are prepared in accordance with generally accepted accounting principles. However, this presentation also contains non-GAAP financial measures, including adjusted EBITDA, adjusted EBITDA margin, adjust...