secwatch.observer — SEC 8-K summary
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Issuer:     Quad/Graphics, Inc. (QUAD)
CIK:        0001481792
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001481792-22-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481792/000148179222000014/0001481792-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481792/000148179222000014/quad-20220503.htm
  HTML page:      https://secwatch.observer/filing/0001481792-22-000014

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