---
schema_version: "secwatch.filing_event.v1"
accession: "0001481792-22-000021"
form_type: "8-K"
ticker: "QUAD"
cik: "0001481792"
company_name: "Quad/Graphics, Inc."
filed_at: "2022-08-02T23:59:59+00:00"
generated_at: "2026-06-24T05:51:42.593414+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Quad/Graphics Q2 sales up 9% but net earnings fall to $5M from $34M; maintains guidance

## Summary
- Q2 Net Sales $758M (+14% ex-divestitures); Net Earnings $5M vs $34M in Q2 2021 due to prior-year gains.
- Adjusted EBITDA $56M (down from $63M); Adjusted Diluted EPS $0.13, flat YoY.
- H1 2022 Net Sales $1.5B (+7%); Adj. EBITDA $105M vs $133M; FCF negative $57M.
- Repurchased 1.7M shares as of Aug 1; paid remaining $209M of 7.00% senior notes on May 2.
- FY 2022 guidance unchanged: Net Sales +3-7%, Adj. EBITDA $230-270M, FCF $70-100M.

## SEC filing metadata
- accession: 0001481792-22-000021
- form_type: 8-K
- ticker: QUAD
- cik: 0001481792
- company_name: Quad/Graphics, Inc.
- filed_at: 2022-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1481792/000148179222000021/0001481792-22-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1481792/000148179222000021/quad-20220802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001481792-22-000021
- JSON: https://secwatch.observer/filing/0001481792-22-000021.json
- Plain text: https://secwatch.observer/filing/0001481792-22-000021.txt

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