{"schema_version":"secwatch.filing_event.v1","accession":"0001481792-23-000040","form_type":"8-K","ticker":"QUAD","cik":"0001481792","company_name":"Quad/Graphics, Inc.","filed_at":"2023-08-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.050879+00:00","generated_at":"2026-06-12T17:49:15.325527+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Quad/Graphics Q2 net sales $703M (-7% YoY), net loss $6M; reaffirms FY2023 guidance","bullets":["Net sales $703M, down 7% YoY; net loss $6M vs net earnings $5M in Q2 2022.","Adjusted EBITDA $50M vs $56M YoY; adjusted diluted EPS $0.02 vs $0.13.","Generated $34M free cash flow in Q2; reduced net debt $80M over last 12 months.","Repurchased $5M shares; total buyback 8% of outstanding stock since Q2 2022.","Reaffirms FY2023 guidance: adj EBITDA $210-250M, free cash flow $50-90M, debt leverage ~2.0x."],"urls":{"canonical":"https://secwatch.observer/filing/0001481792-23-000040","json":"https://secwatch.observer/filing/0001481792-23-000040.json","markdown":"https://secwatch.observer/filing/0001481792-23-000040.md","text":"https://secwatch.observer/filing/0001481792-23-000040.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1481792/000148179223000040/0001481792-23-000040-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1481792/000148179223000040/quad-20230801.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T17:49:15.325527+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":"1b93aa974a0dc693b921b1db87f945100387e7c3","claim":"Quad/Graphics, Inc. reported second quarter ended June 30, 2023 results: revenue $703 million, net income Net Loss of $6 million, EPS $0.12 diluted loss per share. Guidance reaffirmed.","evidence_excerpt":"2023 — Quad/Graphics, Inc. (NYSE: QUAD) (“Quad” or the “Company”), today reported results for the second quarter ended June 30, 2023. Recent Highlights • Reported Net Sales of $703 million and Net Loss of $6 million in the second quarter of 2023, or $0.12 diluted loss per share. • Achieved Adjusted EBITDA of $50 million in the second quarter of 2023 compared to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1481792/000148179223000040/0001481792-23-000040-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"$703 million"},{"label":"Net income","value":"Net Loss of $6 million"},{"label":"EPS","value":"$0.12 diluted loss per share"},{"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"}