Valassis Reports Decreases in Revenue and Adjusted EBITDA

First-quarter 2012 net earnings were $26.4 million, an increase of 23.4 percent from $21.4 million in the prior-year quarter, which included a loss on extinguishment of debt, net of tax, of $8.2 million. Excluding this charge, first-quarter 2011 adjusted net earnings* were $29.6 million.

Adjusted EBITDA was $67.0 million for the quarter, a decrease of 10.1 percent from $74.5 million in the prior year quarter.