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Red Flags Detected

  • European-Sale Note Receivable Payment Overdue (new) — First annual payment of $6.2M due Feb 28, 2026 not received; buyer making limited monthly payments and outcome uncertain.
  • Goodwill Impairment Risk Added To Risk Factors (unchanged) — Company now explicitly flags goodwill as at risk of impairment if operating results or enterprise value decline.
NYSE: QUAD Quad/Graphics, Inc. 10-Q

Quad returns to profit as interest costs fall, but European-sale note payment overdue

Filed July 29, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 30, 2025 · ~1 min read

Key Changes

  • high

    Q2 net earnings of $3.7M vs. $0.1M loss prior year; six-month earnings rose to $9.9M from $5.7M. Interest expense fell to $8.9M from $13.2M in Q2 on lower debt and new hedges.

    Notes: Net Earnings & Interest Expense view on EDGAR →
  • high

    $6.2M first annual payment on European-sale note receivable, due Feb 28, 2026, not received. Buyer making limited monthly payments; company evaluating remedies but outcome uncertain.

    Notes: European-Sale Note Receivable view on EDGAR →
  • high

    Quarterly dividend raised 33% to $0.10 per share from $0.075, following improved profitability.

    Notes: Dividend Increase view on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Source-verified from EDGAR · Narrative written by AI · Jul 30, 2026 · How we verify