secwatch.observer — SEC 8-K summary
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Issuer:     Quad/Graphics, Inc. (QUAD)
CIK:        0001481792
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001481792-23-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quad/Graphics Q1 Net Sales +3% to $767M; Net Loss widens to $25M; Adj. EBITDA +24% to $60M; Reaffirms FY23 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481792/000148179223000024/0001481792-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481792/000148179223000024/quad-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001481792-23-000024

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