{"schema_version":"secwatch.filing_event.v1","accession":"0001481792-26-000088","form_type":"8-K","ticker":"QUAD","cik":"0001481792","company_name":"Quad/Graphics, Inc.","filed_at":"2026-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.345226+00:00","generated_at":"2026-05-15T02:50:31.692716+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Quad/Graphics Q1 2026: net sales $581M (-7.7% YoY), Adj. EPS $0.25 (+25%), reaffirms FY guidance","bullets":["Net sales $581M, down 7.7% YoY (4.3% ex-Europe divestiture); net earnings $6M ($0.13 diluted EPS).","Adjusted EPS $0.25, up 25% from $0.20; Adjusted EBITDA $45M vs $46M prior year.","Reaffirms FY2026 guidance: Adj. EBITDA $175-215M, FCF $40-60M, net sales decline 1-5%.","Quarterly dividend $0.10/share payable June 5, 2026; $1M in share repurchases YTD.","Net debt $427M at Mar 31, up from $308M at Dec 31 due to negative Q1 FCF of $107M."],"urls":{"canonical":"https://secwatch.observer/filing/0001481792-26-000088","json":"https://secwatch.observer/filing/0001481792-26-000088.json","markdown":"https://secwatch.observer/filing/0001481792-26-000088.md","text":"https://secwatch.observer/filing/0001481792-26-000088.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1481792/000148179226000088/0001481792-26-000088-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1481792/000148179226000088/quad-20260428.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T02:50:31.692716+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7dc9aeed62ea6d1f085c5ce3097c308daa2030ac","claim":"Quad/Graphics, Inc. reported first quarter ended March 31, 2026 results: revenue $581 million, net income $6 million, EPS $0.13 Diluted Earnings Per Share. Guidance reaffirmed.","evidence_excerpt":"company that solves complex marketing challenges for its clients, today reported results for the first quarter ended March 31, 2026. Recent Highlights • Realized Net Sales of $581 million in the first quarter of 2026 compared to $629 million in the first quarter of 2025, representing a 7.7% decline in Net Sales or a 4.3% decline in Net Sales excluding the February","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1481792/000148179226000088/0001481792-26-000088-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"label":"Revenue","value":"$581 million"},{"label":"Net income","value":"$6 million"},{"label":"EPS","value":"$0.13 Diluted Earnings Per Share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}