{"schema_version":"secwatch.filing_event.v1","accession":"0001481792-21-000027","form_type":"8-K","ticker":"QUAD","cik":"0001481792","company_name":"Quad/Graphics, Inc.","filed_at":"2021-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:04:18.227385+00:00","generated_at":"2026-06-29T23:17:14.841033+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Quad/Graphics Q2 2021: net sales $694M (+19% YoY), swings to profit; raises outlook","bullets":["Net sales $694M, up 19% YoY; net earnings $34M ($0.66 diluted EPS) vs loss of $15M in Q2 2020.","Adjusted EBITDA $60M flat YoY, absorbing ~$30M in 2020 temporary cost savings.","Reduced net debt by $120M YTD to $753M; debt leverage ratio improved to 3.0x from 3.35x.","Raises 2021 outlook: net sales +1-3%, Adj. EBITDA $240-260M, leverage ~2.75x.","Sold QuadExpress 3PL business for $40M (over 8x EBITDA multiple)."],"urls":{"canonical":"https://secwatch.observer/filing/0001481792-21-000027","json":"https://secwatch.observer/filing/0001481792-21-000027.json","markdown":"https://secwatch.observer/filing/0001481792-21-000027.md","text":"https://secwatch.observer/filing/0001481792-21-000027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1481792/000148179221000027/0001481792-21-000027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1481792/000148179221000027/quad-20210803.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-29T23:17:14.841033+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}