secwatch.observer — SEC 8-K summary
======================================

Issuer:     Quad/Graphics, Inc. (QUAD)
CIK:        0001481792
Form:       8-K
Filed at:   2025-07-29T23:59:59+00:00
Accession:  0001481792-25-000034
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quad/Graphics Q2 net sales $572M (-10% YoY); reaffirms FY2025 EBITDA guidance $180-220M
--------------------------------------------------------------------------------

- Net sales $572M (-10% YoY, -4% ex-Europe divestiture); net loss $0.1M ($0.00 per share).
- Adjusted EBITDA $43M (down from $52M Q2 2024); adjusted EPS $0.14 (up from $0.12).
- FY2025 guidance reaffirmed: Adj. EBITDA $180-220M, FCF $40-60M, debt leverage ~1.5x.
- Quarterly dividend $0.075/share payable Sept 5, 2025; repurchased 1.4M shares YTD.
- Launched Audience Builder 2.0; new In-Store Connect partnership with Vallarta Supermarkets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481792/000148179225000034/0001481792-25-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481792/000148179225000034/quad-20250729.htm
  HTML page:      https://secwatch.observer/filing/0001481792-25-000034

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