---
schema_version: "secwatch.filing_event.v1"
accession: "0001481792-21-000034"
form_type: "8-K"
ticker: "QUAD"
cik: "0001481792"
company_name: "Quad/Graphics, Inc."
filed_at: "2021-11-03T23:59:59+00:00"
generated_at: "2026-06-28T13:52:30.534273+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Quad/Graphics Q3 net sales +4% to $706M; Adj EBITDA $64M, reaffirms FY outlook

## Summary
- Net sales $706M, up 4% YoY; organic growth 7% excluding 3PL divestiture.
- Net earnings from continuing ops $14M ($0.27 diluted EPS) vs $2M ($0.04) in Q3 2020.
- Adjusted EBITDA $64M (9.1% margin), up from $61M (8.9%) in Q3 2020.
- Reaffirms FY2021 outlook: net sales +1-3%, Adj EBITDA $240-260M, year-end leverage ~2.75x.
- Amended and extended $1B bank credit facility to November 2026.

## SEC filing metadata
- accession: 0001481792-21-000034
- form_type: 8-K
- ticker: QUAD
- cik: 0001481792
- company_name: Quad/Graphics, Inc.
- filed_at: 2021-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1481792/000148179221000034/0001481792-21-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1481792/000148179221000034/quad-20211102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001481792-21-000034
- JSON: https://secwatch.observer/filing/0001481792-21-000034.json
- Plain text: https://secwatch.observer/filing/0001481792-21-000034.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.