{"schema_version":"secwatch.filing_event.v1","accession":"0001481792-23-000008","form_type":"8-K","ticker":"QUAD","cik":"0001481792","company_name":"Quad/Graphics, Inc.","filed_at":"2023-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.186013+00:00","generated_at":"2026-06-19T06:49:44.592093+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Quad/Graphics Q4 2022: Net sales +4% to $885M; FY22 Adj EBITDA $252M; guides FY23 sales down 0-5%","bullets":["Q4 net sales $885M (+4% YoY); net loss improved to $9M from $21M loss in Q4 2021.","FY22 net sales $3.2B (+9% YoY, +11% ex-divestitures); net earnings $9M vs $38M in 2021.","FY22 Adjusted EBITDA $252M (near high end of $235M-$255M guidance); Free Cash Flow $94M.","Net debt reduced to $545M; leverage ratio 2.16x, lowest since 2018; $10M share repurchases in 2022.","FY23 guidance: net sales decline 0-5%, Adj EBITDA $210M-$250M, FCF $50M-$90M, target leverage ~2.0x."],"urls":{"canonical":"https://secwatch.observer/filing/0001481792-23-000008","json":"https://secwatch.observer/filing/0001481792-23-000008.json","markdown":"https://secwatch.observer/filing/0001481792-23-000008.md","text":"https://secwatch.observer/filing/0001481792-23-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1481792/000148179223000008/0001481792-23-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1481792/000148179223000008/quad-20230221.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T06:49:44.592093+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":"d60ba304e05b4bc9a54328be472a5032b20edfd4","claim":"Quad/Graphics, Inc. reported financial results for fourth quarter and year ended December 31, 2022.","evidence_excerpt":"On February 21, 2023, Quad/Graphics, Inc. (the “Company”) issued a press release announcing financial results for its fourth quarter and year ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1481792/000148179223000008/0001481792-23-000008-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and year ended December 31, 2022"},{"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"}