Quad/Graphics Reports Volume Declines Continued

Excluding the Canadian operations, which are treated as a discontinued operation for accounting purposes, continuing operations net sales were $1.109 billion compared to $1.129 billion in the same period in 2010. Continuing operations adjusted EBITDA and adjusted EBITDA margin were $173.5 million and 15.6 percent, compared to $153.2 million and 13.6 percent in the same period in 2010.