---
schema_version: "secwatch.filing_event.v1"
accession: "0001481792-25-000002"
form_type: "8-K"
ticker: "QUAD"
cik: "0001481792"
company_name: "Quad/Graphics, Inc."
filed_at: "2025-02-18T23:59:59+00:00"
generated_at: "2026-05-26T15:57:26.416609+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Quad/Graphics FY2024 net loss $51M; sales down 9.7%; raises dividend 50%, guides FY2025 Adj EBITDA $180-220M

## Summary
- Net sales $2.7B (-9.7% YoY); net loss $51M vs $55M loss in 2023; adj. diluted EPS $0.85 vs $0.52.
- Reduced net debt to $350M (leverage 1.6x) from $470M (2.0x); free cash flow $56M.
- Quarterly dividend increased 50% to $0.075/share; payable Mar 14, 2025 to holders of record Feb 28.
- FY2025 guidance (ex-Europe): organic sales decline 2%-6%, Adj EBITDA $180M-$220M, leverage target ~1.5x.
- European operations sale to Capmont expected to close early 2025; 2024 Europe net sales $153M excluded from guidance.

## SEC filing metadata
- accession: 0001481792-25-000002
- form_type: 8-K
- ticker: QUAD
- cik: 0001481792
- company_name: Quad/Graphics, Inc.
- filed_at: 2025-02-18T23:59:59+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/1481792/000148179225000002/0001481792-25-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1481792/000148179225000002/quad-20250218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001481792-25-000002
- JSON: https://secwatch.observer/filing/0001481792-25-000002.json
- Plain text: https://secwatch.observer/filing/0001481792-25-000002.txt

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