Quad/Graphics Reports Slight Gains and Declares First Cash Dividend

“Our first quarter 2011 results were in line with our expectations,” said Joel Quadracci, chairman, president and CEO of Quad/Graphics. “Both sales and Adjusted EBITDA increased slightly from the prior year. We attribute the increase in Adjusted EBITDA in large part to our ability to generate synergies, manage the frictional costs associated with the integration, and effectively deal with cost pressures associated with rising commodity prices. We achieved these results while also managing declines in Worldcolor sales and addressing ongoing industry pricing pressures.”