Quad/Graphics Reports a Small Net Sales Decline

As reported net sales were $1.070 billion compared to as reported net sales of $394.3 million in the same period in 2010. On an as reported basis, adjusted EBITDA was $126.7 million compared to $57.3 million in the same period in 2010.

As reported 2011 net loss attributable to common shareholders in the three months was $10.3 million, vs. as reported net loss of $35.7 million in the same period in 2010. The second quarter results include restructuring, impairment and transaction-related charges of $23.4 million and $31.3 million in 2011 and 2010, respectively.