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AI brief of an SEC Form 8-K · Quad/Graphics, Inc. (QUAD)

Quad/Graphics Q3 net sales flat at $587 million; net earnings fell to $6 million

Mixed Impact 3 of 5 earnings Written later

Quad/Graphics reported third-quarter 2026 net sales of $587 million, roughly flat from $588 million a year earlier, while GAAP net earnings fell to $6 million from $10 million, mainly due to higher restructuring, impairment and transaction-related charges. The company narrowed its full-year Adjusted EBITDA range to $185 million to $195 million and improved its Adjusted Annual Net Sales Change range to a 1% to 3% decline from a 1% to 5% decline, which matters to shareholders because it signals a smaller expected sales drop, though profit guidance is narrower and its midpoint is lower than before.

Key points

  • Q3 2026 net sales were $587 million versus $588 million in Q3 2025; GAAP diluted EPS was $0.11 versus $0.21.
  • Adjusted diluted EPS rose 13% to $0.35 from $0.31, while Adjusted EBITDA was $51 million versus $53 million.
  • Updated 2026 guidance: Adjusted Annual Net Sales Change of a 1% to 3% decline (was 1% to 5%); Adjusted EBITDA of $185 million to $195 million (was $175 million to $215 million).
  • Year-to-date shareholder returns were $23 million, including $15 million of dividends; the next $0.10 quarterly dividend is payable December 4, 2026.

The filing

CompanyQuad/Graphics, Inc. (QUAD)
Form8-K, current report
Filed with the SECOct 28, 2026, 5:10 PM ET
Accession number0001481792-26-000147

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.