Quad/Graphics Reports Mixed Results for Quarter, Fiscal Year

As reported, 2010 net loss attributable to common shareholders in the 12 months was $250.1 million vs. $52.8 million in the same period of 2009. The year-to-date results include restructuring, impairment and transaction-related charges of $162.5 million and $11.2 million in 2010 and 2009, respectively, as well as a $200.5 million non-cash tax adjustment in 2010. Excluding the effects of restructuring, impairment and transaction-related charges, and utilizing a 39 percent pro forma normalized effective tax rate in both years, net earnings would have been $86.2 million for the full year 2010 vs. $42.3 million in the same period in 2009.