secwatch.observer — SEC 8-K summary
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Issuer:     Quad/Graphics, Inc. (QUAD)
CIK:        0001481792
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001481792-22-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quad/Graphics Q3 net sales up 18% to $830M; raises full-year sales growth guidance to 8%-10%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481792/000148179222000026/0001481792-22-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481792/000148179222000026/quad-20221101.htm
  HTML page:      https://secwatch.observer/filing/0001481792-22-000026

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