Quad's Q1 Performance in Line with Expectations

Net sales for the first quarter 2013 were $1.1 billion versus $990 million for the same period in 2012. First quarter 2013 adjusted EBITDA was $114 million compared to $126 million for the same period in 2012, and adjusted EBITDA margin was 10.1 percent compared to 12.7 percent for the same period in 2012. Recurring free cash flow was $120 million versus $107 million for the same period in 2012.