RR Donnelley (RRD) Tops Q3 EPS by 19c, Revenues Miss

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RRD Reports Third Quarter 2020 Results

October 27, 2020 4:30 PM EDT

NET SALES IMPROVED SEQUENTIALLY FROM SECOND QUARTER AND EXCEEDED MID-POINT OF PREVIOUS EXPECTED RANGE BY MORE THAN $100 MILLION

OPERATING CASH FLOW IN THE QUARTER INCREASED $40 MILLION VERSUS PRIOR YEAR, YEAR-TO-DATE UP $113 MILLION; THIRD CONSECUTIVE QUARTER OF IMPROVEMENT

TOTAL LIQUIDITY IMPROVED TO $543 MILLION, UP $83 MILLION FROM PRIOR QUARTER

ON TRACK TO CLOSE LOGISTICS DLS WORLDWIDE SALE FOR $225 MILLION BY YEAR END

PROVIDES UPDATE ON FOURTH QUARTER OUTLOOK - EXPECTS GROSS DEBT TO BE REDUCED $350 TO $400 MILLION DURING THE FOURTH QUARTER AND DOWN OVER $700 MILLION FROM DECEMBER 2016

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