Quad/Graphics Reports Mixed Results for Quarter, Fiscal Year

Summary:

• Integration-related closures of eight North American manufacturing facilities, Worldcolor’s Montreal headquarters and other restructuring actions have resulted in the net reduction of approximately 3,000 employees to date;

• Fourth quarter 2010 net sales increased to $1.39 billion from pro forma net sales of $1.36 billion in the fourth quarter of 2009 and $1.21 billion in the third quarter of 2010;