RR Donnelley (RRD) Tops Q1 EPS by 3c, Revenues Miss; Affirms FY19 EPS Mid-Point Guidance Above Consensus, FY19 Revenue Mid-Point Views Below Consensus

RR Donnelley (NYSE: RRD) reported Q1 EPS of ($0.06), $0.03 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.55 billion.

“First quarter results were in line with our expectations and we made significant progress in advancing our strategic initiatives,” said Dan Knotts, RRD’s President and Chief Executive Officer. “During the quarter, we finalized a new strategic agreement to further expand our data analytics capabilities, we completed construction of our new facility in China, and we achieved critical milestones as we prepare to begin printing the 2020 Census in July. We also made the difficult decision to close our unprofitable print operations in Brazil and we continued to successfully execute our plans to address the inflationary cost headwinds affecting the broader print industry. Moving forward, we will remain focused on new client implementations and converting our strong sales pipeline in order to deliver planned growth in the back half of the year. And with our continued focus on reducing our cost structure, we are confident in our ability to deliver our 2019 commitments and further advance RRD as a leading provider of marketing and business communications.”

GUIDANCE:

RR Donnelley sees FY2019 EPS of $0.60-$0.90, versus the consensus of $0.67. RR Donnelley sees FY2019 revenue of $6.4-6.6 billion, versus the consensus of $6.53 billion.

For earnings history and earnings-related data on RR Donnelley (RRD) click here.

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