{"schema_version":"secwatch.filing_event.v1","accession":"0001481792-24-000019","form_type":"8-K","ticker":"QUAD","cik":"0001481792","company_name":"Quad/Graphics, Inc.","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.603606+00:00","generated_at":"2026-06-03T04:18:25.139257+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Quad/Graphics Q1 net sales $655M, net loss $28M; reaffirms FY guidance","bullets":["Net sales of $655M, down 15% YoY; net loss of $28M ($0.60 diluted loss) vs loss of $25M in Q1 2023.","Adjusted EBITDA of $51M (vs $60M); adjusted diluted EPS $0.10 (vs $0.15).","Reaffirmed FY2024 guidance: net sales decline 5-9%, adj EBITDA $205-245M, free cash flow $50-70M, year-end net debt leverage ~1.8x.","Quarterly dividend of $0.05/share maintained; payable June 7, record May 22.","Restructuring expected to generate $60M cost savings in 2024; Fitch revised outlook to Positive from Stable."],"urls":{"canonical":"https://secwatch.observer/filing/0001481792-24-000019","json":"https://secwatch.observer/filing/0001481792-24-000019.json","markdown":"https://secwatch.observer/filing/0001481792-24-000019.md","text":"https://secwatch.observer/filing/0001481792-24-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1481792/000148179224000019/0001481792-24-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1481792/000148179224000019/quad-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T04:18:25.139257+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":"3afadd0b7d0775ba8c21e7ea9f243efbf881de75","claim":"Quad/Graphics, Inc. reported first quarter ended March 31, 2024 results: revenue $655 million, net income Net Loss of $28 million, EPS $0.60 Diluted Loss Per Share. Guidance reaffirmed.","evidence_excerpt":"Quad/Graphics, Inc. (NYSE: QUAD) (“Quad” or the “Company”), a global marketing experience company, today reported results for the first quarter ended March 31, 2024. Recent Highlights • Realized Net Sales of $655 million in the first quarter of 2024 compared to $767 million in 2023, and recognized a Net Loss of $28 million or $0.60 Diluted Loss Per Share for the first quarter of 2024. • Achieved Non-GAAP Adjusted EBITDA of $51 million in the first quarter of 2024 compared to $60 million in the first quarter of 2023, and reported $0.10 Adjusted Diluted Earnings Per Share for the first quarter of 2024. • Completed restructuring actions that are expected to generate $60 million of cost savings in 2024. • Announced In-Store Connect, a new retail solution that aims to advance the in-store shopping experience by creating digital interactions throughout physical retail environments. • Launched Household Fusion TM , a first-of-its-kind postal optimization program created to offset continued U.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1481792/000148179224000019/0001481792-24-000019-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$655 million"},{"label":"Net income","value":"Net Loss of $28 million"},{"label":"EPS","value":"$0.60 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"}