secwatch.observer — SEC 8-K summary
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Issuer:     Quad/Graphics, Inc. (QUAD)
CIK:        0001481792
Form:       8-K
Filed at:   2025-10-28T23:59:59+00:00
Accession:  0001628280-25-046803
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481792/000162828025046803/0001628280-25-046803-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481792/000162828025046803/quad-20251028.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-046803

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