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Strong first quarter start to 2020 despite COVID-19 impact on operations in China.
May 1, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
R.R. Donnelley & Sons Company (RRD) reported financial results for the first quarter of 2020. First quarter GAAP net sales of $1.41 billion 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 China. Net sales in the quarter were $1.41 billion, down $112.4 million or 7.4% from the first quarter of 2019. The decrease includes an $87.7 million impact from dispositions in the Business Services segment, primari...
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