secwatch.observer — SEC 8-K summary
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Issuer:     Quad/Graphics, Inc. (QUAD)
CIK:        0001481792
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0001481792-25-000002
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481792/000148179225000002/0001481792-25-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481792/000148179225000002/quad-20250218.htm
  HTML page:      https://secwatch.observer/filing/0001481792-25-000002

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