---
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"
generated_at: "2026-05-15T02:50:31.692716+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Quad/Graphics Q1 2026: net sales $581M (-7.7% YoY), Adj. EPS $0.25 (+25%), reaffirms FY guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001481792-26-000088
- JSON: https://secwatch.observer/filing/0001481792-26-000088.json
- Plain text: https://secwatch.observer/filing/0001481792-26-000088.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2026
  - Revenue: $581 million
  - Net income: $6 million
  - EPS: $0.13 Diluted Earnings Per Share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1481792/000148179226000088/0001481792-26-000088-index.htm

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