{"schema_version":"secwatch.filing_event.v1","accession":"0001481792-24-000003","form_type":"8-K","ticker":"QUAD","cik":"0001481792","company_name":"Quad/Graphics, Inc.","filed_at":"2024-02-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.297107+00:00","generated_at":"2026-06-05T23:00:57.456515+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 reports 2023 net loss of $55M, sales down 8%; reinstates $0.05 dividend","bullets":["Net sales $3.0B in 2023, down 8% YoY; net loss $55M vs net earnings $9M in 2022.","Adjusted EBITDA $234M (in line with guidance $220-240M); Q4 net loss $22M.","Net debt reduced $75M to $470M; leverage ratio 2.0x (new target 1.75x-2.25x).","Reinstated quarterly dividend $0.05/share payable March 12, record Feb 27.","2024 guidance: net sales decline 5-9%, Adj EBITDA $205-245M, FCF $50-70M."],"urls":{"canonical":"https://secwatch.observer/filing/0001481792-24-000003","json":"https://secwatch.observer/filing/0001481792-24-000003.json","markdown":"https://secwatch.observer/filing/0001481792-24-000003.md","text":"https://secwatch.observer/filing/0001481792-24-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1481792/000148179224000003/0001481792-24-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1481792/000148179224000003/quad-20240220.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T23:00:57.456515+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":"f4024c887f9cb7744380d3efdb518b599018bd26","claim":"Quad/Graphics, Inc. reported the fourth quarter and full year ended December 31, 2023 results: revenue $3.0 billion, net income Net Loss of $55 million. Guidance reaffirmed.","evidence_excerpt":"experience company, today reported results for the fourth quarter and full year ended December 31, 2023. Recent Highlights • Achieved 2023 guidance and reported Net Sales of $3.0 billion in 2023 compared to $3.2 billion in 2022. • Anticipating $60 million of cost savings from recent plant capacity and labor reduction initiatives in response to ongoing external","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1481792/000148179224000003/0001481792-24-000003-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and full year ended December 31, 2023"},{"label":"Revenue","value":"$3.0 billion"},{"label":"Net income","value":"Net Loss of $55 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"}