RRD Reports Second Quarter 2018 Results
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RR Donnelley (RRD) Misses Q2 EPS by 5c, Revenues Beat; Updates FY18 EPS Mid-Point View Above Consensus, Lowers FY18 Revenue Outlook
August 1, 2018 4:35 PM EDTRR Donnelley (NYSE: RRD) reported Q2 EPS of ($0.09), $0.05 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $1.68 billion versus the consensus estimate of $1.64 billion.
Key messages
Net sales increased 3.7%, and organic sales grew 2.7% - represents third consecutive quarter of organic growthIncome from operations includes unfavorable foreign exchange rate impact of nearly $7 million versus 2017 on both a GAAP and non-GAAP basisNet cash provided by operating activities of $12.3 million in the quarter increased $48.2 million versus the prior year periodPrint logistics... More