---
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"
generated_at: "2026-06-03T04:18:25.139257+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Quad/Graphics Q1 net sales $655M, net loss $28M; reaffirms FY guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001481792-24-000019
- JSON: https://secwatch.observer/filing/0001481792-24-000019.json
- Plain text: https://secwatch.observer/filing/0001481792-24-000019.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2024
  - Revenue: $655 million
  - Net income: Net Loss of $28 million
  - EPS: $0.60 Diluted Loss Per Share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1481792/000148179224000019/0001481792-24-000019-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.