---
schema_version: "secwatch.filing_event.v1"
accession: "0001481792-24-000040"
form_type: "8-K"
ticker: "QUAD"
cik: "0001481792"
company_name: "Quad/Graphics, Inc."
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T09:07:29.570692+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Quad Q3 net sales $675M (-4% YoY); adj. EBITDA $59M up from $57M; guides FY leverage to ~1.5x

## Summary
- Net loss of $25M ($0.52 loss per share) vs loss of $3M in Q3 2023 on higher impairment charges.
- Adjusted diluted EPS of $0.26 vs $0.11 YoY; Adjusted EBITDA margin up 54bps to 8.7%.
- Agreed to sell majority of European ops to Capmont for €41M (~$45M enterprise value); expects to close by year-end.
- Updated FY2024 guidance: net sales decline ~9% (previous 5-9% decline); adj. EBITDA $215-235M; FCF $50-70M unchanged.
- Year-end net debt leverage expected ~1.5x (down from ~1.8x); $690M bank debt amended to Oct 2029.

## SEC filing metadata
- accession: 0001481792-24-000040
- form_type: 8-K
- ticker: QUAD
- cik: 0001481792
- company_name: Quad/Graphics, Inc.
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1481792/000148179224000040/0001481792-24-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1481792/000148179224000040/quad-20241028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001481792-24-000040
- JSON: https://secwatch.observer/filing/0001481792-24-000040.json
- Plain text: https://secwatch.observer/filing/0001481792-24-000040.txt

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