secwatch.observer — SEC 8-K summary
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Issuer:     Quad/Graphics, Inc. (QUAD)
CIK:        0001481792
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001481792-23-000040
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quad/Graphics Q2 net sales $703M (-7% YoY), net loss $6M; reaffirms FY2023 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481792/000148179223000040/0001481792-23-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481792/000148179223000040/quad-20230801.htm
  HTML page:      https://secwatch.observer/filing/0001481792-23-000040

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer