{"schema_version":"secwatch.filing_event.v1","accession":"0001481792-23-000053","form_type":"8-K","ticker":"QUAD","cik":"0001481792","company_name":"Quad/Graphics, Inc.","filed_at":"2023-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.203934+00:00","generated_at":"2026-06-09T04:33:10.422895+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 Q3 net loss $3M; sales down 16%; lowers FY net sales guidance","bullets":["Q3 net sales $700M, down 16% vs $830M YoY; net loss $3M ($0.06 loss per share) vs net earnings $14M.","Adjusted EBITDA $57M in Q3 vs $69M YoY; adjusted diluted EPS $0.11 vs $0.32.","Nine-month net sales $2.2B (-7%), net loss $33M, Adj EBITDA $168M, Adj EPS $0.28.","FY net sales guidance lowered to 7%-9% decline; Adj EBITDA narrowed to $220M-$240M; FCF $60M-$80M.","Net debt $584M, down $132M over 12 months; year-end leverage target ~2.0x; $20M in share buybacks since Q2 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001481792-23-000053","json":"https://secwatch.observer/filing/0001481792-23-000053.json","markdown":"https://secwatch.observer/filing/0001481792-23-000053.md","text":"https://secwatch.observer/filing/0001481792-23-000053.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1481792/000148179223000053/0001481792-23-000053-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1481792/000148179223000053/quad-20231031.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T04:33:10.422895+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":"d6f6b01abe65079e2c31201fe13ebff446af983f","claim":"Quad/Graphics, Inc. reported third quarter ended September 30, 2023 results: revenue $700 million, net income Net Loss of $3 million, EPS $0.06 diluted loss per share. Guidance lowered.","evidence_excerpt":"Reported Net Sales of $700 million in the third quarter of 2023 compared to $830 million in the third quarter of 2022, and Net Loss of $3 million in the third quarter of 2023, or $0.06 diluted loss per share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1481792/000148179223000053/0001481792-23-000053-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"$700 million"},{"label":"Net income","value":"Net Loss of $3 million"},{"label":"EPS","value":"$0.06 diluted loss per share"},{"label":"Guidance","value":"lowered"},{"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"}