RRD Reports First Quarter 2020 Results
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RR Donnelley (RRD) Tops Q1 EPS by 37c, Revenues Beat
April 28, 2020 4:17 PM EDTRR Donnelley (NYSE: RRD) reported Q1 EPS of $0.33, $0.37 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $1.41 billion versus the consensus estimate of $1.38 billion.
First quarter key messages
GAAP net sales decreased 7.4%; non-GAAP organic net sales decreased 1.3%, which included a 2.9 percentage point reduction due to the COVID-19 impact in ChinaGAAP income from operations down $14.5 million due to a non-cash goodwill impairment charge of $20.6 million; non-GAAP... More