---
schema_version: "secwatch.filing_event.v1"
accession: "0001481792-22-000014"
form_type: "8-K"
ticker: "QUAD"
cik: "0001481792"
company_name: "Quad/Graphics, Inc."
filed_at: "2022-05-03T23:59:59+00:00"
generated_at: "2026-06-26T01:24:42.144427+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Quad/Graphics Q1 net loss of $1M, sales up 5%; maintains 2022 guidance

## Summary
- Net loss of $1M ($0.04 adj. EPS) vs net earnings of $10M ($0.19 adj. EPS) in Q1 2021.
- Net sales up 5% to $744M (9% ex-divestitures); driven by pricing, share gains, and Targeted Print growth.
- Adjusted EBITDA fell to $49M from $70M due to supply chain disruptions and cost inflation.
- Paid remaining $209M of 7.00% senior notes; liquidity $138M cash + $397M revolving credit.
- Full-year 2022 guidance unchanged: net sales up 3-7%, EBITDA $230-270M, FCF $70-100M.

## SEC filing metadata
- accession: 0001481792-22-000014
- form_type: 8-K
- ticker: QUAD
- cik: 0001481792
- company_name: Quad/Graphics, Inc.
- filed_at: 2022-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1481792/000148179222000014/0001481792-22-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1481792/000148179222000014/quad-20220503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001481792-22-000014
- JSON: https://secwatch.observer/filing/0001481792-22-000014.json
- Plain text: https://secwatch.observer/filing/0001481792-22-000014.txt

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