secwatch.observer — SEC 8-K summary
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Issuer:     Quad/Graphics, Inc. (QUAD)
CIK:        0001481792
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001481792-26-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quad/Graphics Q4 and FY 2025: EPS swing to profit, dividend up 33%, 2026 guidance issued
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- Full-year 2025 Net Earnings $27M ($0.54 diluted EPS) vs Net Loss $51M in 2024; Q4 EPS $0.22 vs $0.09.
- Net Sales $2.4B in 2025, down 9.4% (4.8% ex-European divestiture); Q4 sales $631M, down 11%.
- Adjusted EBITDA $196M in 2025 vs $224M in 2024; Free Cash Flow $51M; Net Debt reduced to $308M.
- Dividend increased 33% to $0.10 quarterly ($0.40 annual), payable March 13, 2026 to record Feb 27.
- 2026 guidance: Net Sales decline 1-5%, Adjusted EBITDA $175-215M, Free Cash Flow $40-60M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481792/000148179226000039/0001481792-26-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481792/000148179226000039/quad-20260217.htm
  HTML page:      https://secwatch.observer/filing/0001481792-26-000039

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