RRD Reports Second Quarter 2020 Results
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RR Donnelley (RRD) Tops Q2 EPS by 7c
July 28, 2020 4:24 PM EDTRR Donnelley (NYSE: RRD) reported Q2 EPS of ($0.09), $0.07 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $1.16 billion versus the consensus estimate of $1.15 billion.
Second quarter key messages
GAAP net sales decreased 23.0%; non-GAAP organic net sales decreased 17.1%; June net sales performance was the strongest month in the quarter as local economies began to reopen
GAAP (loss) income from operations was down $36.8 million versus the prior year; non-GAAP adjusted income from operations decreased $14.1 million; additional cost-out actions implemented throughout the quarter
GAAP loss per share was $0.79; non-GAAP adjusted loss per... More
