{"schema_version":"secwatch.filing_event.v1","accession":"0001481792-23-000024","form_type":"8-K","ticker":"QUAD","cik":"0001481792","company_name":"Quad/Graphics, Inc.","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.000291+00:00","generated_at":"2026-06-16T03:19:19.591360+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Quad/Graphics Q1 Net Sales +3% to $767M; Net Loss widens to $25M; Adj. EBITDA +24% to $60M; Reaffirms FY23 guidance","bullets":["Net sales $767M, up 3% YoY, driven by U.S. and Mexico print and Agency Solutions.","Net loss $25M vs. -$1M a year ago on higher restructuring charges, interest and tax expense.","Adjusted EBITDA $60M, +24% vs. $49M in Q1 2022; adjusted diluted EPS $0.15 vs. $0.04.","Free cash flow negative $79M vs. -$36M a year ago; net debt $632M, up $87M from Q4 2022.","Full-year 2023 guidance reaffirmed: net sales (0%) to (5%), Adj. EBITDA $210M-$250M, FCF $50M-$90M."],"urls":{"canonical":"https://secwatch.observer/filing/0001481792-23-000024","json":"https://secwatch.observer/filing/0001481792-23-000024.json","markdown":"https://secwatch.observer/filing/0001481792-23-000024.md","text":"https://secwatch.observer/filing/0001481792-23-000024.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1481792/000148179223000024/0001481792-23-000024-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1481792/000148179223000024/quad-20230502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T03:19:19.591360+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":"fcedae22db79ad39536b77a17a3c053818a759ee","claim":"Quad/Graphics, Inc. reported first quarter ended March 31, 2023 results: revenue $767 million, net income Net Loss of $25 million. Guidance reaffirmed.","evidence_excerpt":"more purposeful and sustainable way forward for all our stakeholders.” Summary Results Results for the first quarter ended March 31, 2023, include: • Net Sales — Net Sales were $767 million in the first quarter of 2023, an increase of 3% compared to the same period in 2022, despite the impact from the sale of the Company’s Argentina print operations in December","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1481792/000148179223000024/0001481792-23-000024-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$767 million"},{"label":"Net income","value":"Net Loss of $25 million"},{"label":"Guidance","value":"reaffirmed"},{"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"}