RR Donnelley (RRD) Reports In-Line Q3 EPS, Revenues Beat; Affirms FY18 EPS/Revenue Guidance
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RR Donnelley (NYSE: RRD) reported Q3 EPS of $0.25, in-line with the analyst estimate of $0.25. Revenue for the quarter came in at $1.65 billion versus the consensus estimate of $1.62 billion.
“Our third quarter performance was in-line with our expectations as we continue to help our clients create better connections with their customers through the execution of their multichannel marketing and business communications," said Dan Knotts, RRD\'s President and Chief Executive Officer. “We delivered our fourth consecutive quarter of organic sales growth, made meaningful progress in executing our plans to lower our overall cost structure and delivered improved operating cash flow. We also took an important step to reposition our balance sheet through a successful debt refinancing. As we enter our seasonally strongest quarter, we are well positioned for a solid finish to the year.”
GUIDANCE:
RR Donnelley sees FY2018 EPS of $0.80-$1.10, versus the consensus of $0.81. RR Donnelley sees FY2018 revenue of $6.75-6.9 billion, versus the consensus of $6.8 billion.
For earnings history and earnings-related data on RR Donnelley (RRD) click here.
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