RR Donnelley (RRD) Misses Q4 EPS by 2c, Revenues Beat; Offers FY20 EPS/Revenue Mid-Point Guidance Below Consensus

RR Donnelley (NYSE: RRD) reported Q4 EPS of $0.44, $0.02 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $1.63 billion versus the consensus estimate of $1.61 billion.

“Despite a challenging industry backdrop, I am pleased to report that we delivered solid full year results in 2019,” said Dan Knotts, RRD President and Chief Executive Officer. “For the year, we reported growth in adjusted income from operations and expanded operating margins by improving our core operating performance, leveraging our extensive portfolio of capabilities to expand existing client relationships, and continuing to win new clients. Further, we significantly reduced our debt outstanding and expanded our liquidity in line with our strategic focus to improve our balance sheet flexibility. As we look to 2020, we have a strong client opportunity pipeline, a relentless focus on lowering our cost to serve, and a strengthened financial position to execute our strategy as a leading marketing and business communications company.”

GUIDANCE:

RR Donnelley sees FY2020 EPS of $0.65-$0.95, versus the consensus of $0.90. RR Donnelley sees FY2020 revenue of $5.85-6.05 billion, versus the consensus of $6.01 billion.

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

You May Also Be Interested In

• Philip Morris (PM) beats Q1 earnings, revenue estimates; issues upbeat guidance
• JetBlue Airways (JBLU) stock dips as revenue declines
• Lockheed Martin (LMT) Tops Q1 EPS by 59c, Beats on Revenue; Offers FY24 Guidance