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Quad Continues Stock Repurchases in 4Q 2023

Company purchased 492,396 shares of its own stock via open market transactions during the fourth quarter of 2023.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Quad/Graphics, Inc. announced that it purchased 492,396 shares of its own stock via open market transactions during the fourth quarter of 2023, bringing the full-year 2023 total of share repurchases to 2,852,501 shares at a weighted average price per share of $4.40.

On July 30, 2018, Quad’s Board of Directors authorized a $100 million share repurchase program of the company’s outstanding class A common stock to seek opportunities to support Quad’s commitment to return capital to shareholders. The remaining availability under the program as of Dec. 31, 2023, was approximately $77.5 million.

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