Valassis Reports Q4 EPS of $0.47 vs. $0.59

Valassis VCI today announced financial results for the fourth quarter and full-year ended Dec. 31, 2010. We reported quarterly revenues of $631.2 million, an increase of 4.3% from $605.0 million for the prior year quarter. Fourth-quarter net earnings were $24.8 million, an increase of 3.3% from $24.0 million for the prior year quarter. Diluted earnings per share (EPS) for the quarter was $0.47, a decrease of 2.1% from $0.48 for the prior year quarter. For the fourth quarter of 2010, adjusted EBITDA* was $81.5 million, an increase of 2.0% from $79.9 million for the prior year quarter.