secwatch.observer — SEC 8-K summary
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Issuer:     Quad/Graphics, Inc. (QUAD)
CIK:        0001481792
Form:       8-K
Filed at:   2022-08-02T23:59:59+00:00
Accession:  0001481792-22-000021
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481792/000148179222000021/0001481792-22-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481792/000148179222000021/quad-20220802.htm
  HTML page:      https://secwatch.observer/filing/0001481792-22-000021

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