secwatch.observer — SEC 8-K summary
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Issuer:     Quad/Graphics, Inc. (QUAD)
CIK:        0001481792
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001481792-24-000019
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481792/000148179224000019/0001481792-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481792/000148179224000019/quad-20240430.htm
  HTML page:      https://secwatch.observer/filing/0001481792-24-000019

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