---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-046803"
form_type: "8-K"
ticker: "QUAD"
cik: "0001481792"
company_name: "Quad/Graphics, Inc."
filed_at: "2025-10-28T23:59:59+00:00"
generated_at: "2026-05-17T01:55:11.364307+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Quad/Graphics Q3 net earnings $10M vs loss $25M; narrows FY25 guidance

## Summary
- Net sales $588M (-13% YoY; -7% excluding European divestiture closed Feb 2025)
- Net earnings $10M ($0.21 diluted EPS) vs net loss $25M ($0.52 loss) in Q3 2024
- Adjusted EBITDA $53M (down from $59M); adjusted diluted EPS $0.31 (+19% YoY)
- FY25 guidance narrowed: Adj. sales decline 3-5% (prev. 2-6%); Adj. EBITDA $190-200M; FCF $50-60M
- Returned $19M YTD via dividends & buybacks; quarterly dividend $0.075/share payable Dec 5, 2025

## SEC filing metadata
- accession: 0001628280-25-046803
- form_type: 8-K
- ticker: QUAD
- cik: 0001481792
- company_name: Quad/Graphics, Inc.
- filed_at: 2025-10-28T23:59:59+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/1481792/000162828025046803/0001628280-25-046803-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1481792/000162828025046803/quad-20251028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-046803
- JSON: https://secwatch.observer/filing/0001628280-25-046803.json
- Plain text: https://secwatch.observer/filing/0001628280-25-046803.txt

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