---
schema_version: "secwatch.filing_event.v1"
accession: "0001481792-25-000023"
form_type: "8-K"
ticker: "QUAD"
cik: "0001481792"
company_name: "Quad/Graphics, Inc."
filed_at: "2025-04-29T23:59:59+00:00"
generated_at: "2026-05-23T03:42:32.742517+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Quad Q1 sales -4% to $629M; EPS swings to profit; reaffirms FY 2025 guidance

## Summary
- Net sales $629M (-4% YoY, -2% organic ex-Europe divestiture); net earnings $6M vs. loss $28M.
- Adjusted EBITDA $46M (vs. $51M Q1 2024); adjusted EPS $0.20 (vs. $0.10).
- Repurchased 1.2M shares YTD for $6.7M; maintains $0.075 quarterly dividend.
- Acquired Enru's co-mailing assets April 1; added two new In-Store Connect grocery partners.
- Tim Maleeny named President of Quad Agency Solutions, replacing Eric Ashworth.

## SEC filing metadata
- accession: 0001481792-25-000023
- form_type: 8-K
- ticker: QUAD
- cik: 0001481792
- company_name: Quad/Graphics, Inc.
- filed_at: 2025-04-29T23:59:59+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/1481792/000148179225000023/0001481792-25-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1481792/000148179225000023/quad-20250429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001481792-25-000023
- JSON: https://secwatch.observer/filing/0001481792-25-000023.json
- Plain text: https://secwatch.observer/filing/0001481792-25-000023.txt

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