{"schema_version":"secwatch.filing_event.v1","accession":"0001481792-22-000003","form_type":"8-K","ticker":"QUAD","cik":"0001481792","company_name":"Quad/Graphics, Inc.","filed_at":"2022-02-22T23:59:59+00:00","discovered_at":"2026-05-14T18:04:06.664957+00:00","generated_at":"2026-06-27T06:05:50.300959+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 Q4 net loss $21M; FY 2021 net earnings $38M, adj EPS $0.60; guides 2022 sales growth 3-7%","bullets":["Q4 2021 net sales $855M (+1% YoY; +5% ex-divestiture); net loss $21M vs loss $86M Q4 2020.","Full-year 2021 net sales $3.0B (+1%; +3% ex-divestitures); net earnings $38M vs loss $107M; adj diluted EPS $0.60 (vs $0.29).","Adjusted EBITDA FY2021 $246M (down from $260M due to non-recurrence of COVID savings and cost inflation).","Net debt reduced 40% over two years to $624M; leverage ratio improved to 2.54x from 3.35x.","2022 guidance: net sales growth 3-7%, adj EBITDA $230-270M, free cash flow $70-100M, capex $55-65M, leverage ~2.25x."],"urls":{"canonical":"https://secwatch.observer/filing/0001481792-22-000003","json":"https://secwatch.observer/filing/0001481792-22-000003.json","markdown":"https://secwatch.observer/filing/0001481792-22-000003.md","text":"https://secwatch.observer/filing/0001481792-22-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1481792/000148179222000003/0001481792-22-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1481792/000148179222000003/quad-20220222.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-27T06:05:50.300959+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"}