Vertis Acquisition Provides Financial Bump for Quad

Net sales for the second quarter 2013 increased to $1.1 billion versus $934 million for the same period in 2012 due to the Vertis acquisition. Second quarter 2013 adjusted EBITDA was $111 million as compared to $112 million for the same period in 2012. Recurring free cash flow was $86 million versus $60 million for the same period in 2012.