secwatch.observer — SEC 8-K summary
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Issuer:     Quad/Graphics, Inc. (QUAD)
CIK:        0001481792
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001481792-21-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481792/000148179221000034/0001481792-21-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481792/000148179221000034/quad-20211102.htm
  HTML page:      https://secwatch.observer/filing/0001481792-21-000034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer