Valassis Announces Revenue Growth of 5.2% for the Third Quarter Ended Sept. 30, 2010
Thursday, October 28, 2010 at 5:34PM 
LIVONIA, Mich., Oct. 28 /PRNewswire-FirstCall/ -- Valassis (NYSE: VCI) today announced financial results for the third quarter ended Sept. 30, 2010. Quarterly revenues were $572.4 million, an increase of 5.2% compared to $544.1 million for the prior year quarter. Third-quarter net earnings were $27.0 million, an increase of 95.7% compared to $13.8 million in the prior year quarter. Diluted earnings per share (EPS) for the quarter was $0.52, an increase of 85.7% compared to $0.28 in the prior year quarter. For the third quarter of 2010, adjusted EBITDA* was $79.8 million, an increase of 24.9% compared to $63.9 million for the prior year quarter.
"Our strong results this quarter are consistent with our long-term plan to deliver annual mid-single-digit revenue growth and double-digit EPS growth," said Alan F. Schultz, Valassis Chairman, President and Chief Executive Officer.
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