Quad/Graphics Reports Mixed Results for Quarter, Fiscal Year

Three Months

For the three months ended Dec. 31, 2010, as reported net sales were $1.385 billion compared to $1,361 billion in the same period in 2009. Adjusted EBITDA and Adjusted EBITDA margin were $224.2 million and 16.2 percent compared to $235.5 million and 17.3 percent in the same period in 2009.