{"schema_version":"secwatch.filing_event.v1","accession":"0001481792-22-000026","form_type":"8-K","ticker":"QUAD","cik":"0001481792","company_name":"Quad/Graphics, Inc.","filed_at":"2022-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.804609+00:00","generated_at":"2026-06-22T17:59:23.845375+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 Q3 net sales up 18% to $830M; raises full-year sales growth guidance to 8%-10%","bullets":["Net sales $830M, up 18% YoY; net earnings $14M flat YoY, but excluding $18M non-recurring gains in 2021 underlying earnings improved.","Adjusted diluted EPS $0.32 vs $0.18 YoY, up 78%.","Full-year net sales growth guidance raised to 8%-10% from 3%-7%; Adj. EBITDA guidance narrowed to $235-$255M.","Repurchased 3.1M shares YTD for $10M, over 5% of outstanding.","Free cash flow negative $80M YTD; net debt up $91M to $715M; management expects strong Q4 FCF and debt reduction."],"urls":{"canonical":"https://secwatch.observer/filing/0001481792-22-000026","json":"https://secwatch.observer/filing/0001481792-22-000026.json","markdown":"https://secwatch.observer/filing/0001481792-22-000026.md","text":"https://secwatch.observer/filing/0001481792-22-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1481792/000148179222000026/0001481792-22-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1481792/000148179222000026/quad-20221101.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T17:59:23.845375+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":[{"claim_id":"21bcef5a615796b57f288285f3a29da26f055a8a","claim":"Quad/Graphics, Inc. reported nine months ended September 30, 2022 results: revenue $2.3 billion, net income $18 million, EPS $0.49. Guidance raised.","evidence_excerpt":"due to increased recurring earnings and benefited by our recent stock repurchases. Results for the nine months ended September 30, 2022, include: • Net Sales — Net Sales were $2.3 billion in the nine months ended September 30, 2022, up 11% from the same period in 2021, or up 14% excluding the impact of the QuadExpress divestiture. Net Sales growth was achieved due","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1481792/000148179222000026/0001481792-22-000026-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended September 30, 2022"},{"label":"Revenue","value":"$2.3 billion"},{"label":"Net income","value":"$18 million"},{"label":"EPS","value":"$0.49"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"99197e304f8faa2e9dd9764028595cad87f61e59","claim":"Quad/Graphics, Inc. reported third quarter ended September 30, 2022 results: revenue $830 million, net income $14 million, EPS $0.32. Guidance raised.","evidence_excerpt":"to enhance our financial strength and create shareholder value.” Summary Results Results for the three months ended September 30, 2022, include: • Net Sales — Net Sales were $830 million in the third quarter of 2022, reflecting top-line growth of 18% compared to the same period in 2021. Net Sales growth was driven by print segment share gains, increased pricing","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1481792/000148179222000026/0001481792-22-000026-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2022"},{"label":"Revenue","value":"$830 million"},{"label":"Net income","value":"$14 million"},{"label":"EPS","value":"$0.32"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}