Industry News, Printers News

RRD Reports 4Q, Full Year 2019 Results

Total debt down $273 million from year ago period; cumulative reduction since 2016 now totals $569 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

R.R. Donnelley & Sons Company (RRD) reported financial results for the fourth quarter and full year of 2019. The company reported full-year 2019n net sales, including the impact of dispositions and FX, declined 7.7% to $6.28 billion; organic net sales declined 2.3% GAAP loss per share of $1.31 includes a fourth quarter goodwill impairment charge of $1.38 per share. Non-GAAP adjusted earnings per share of $0.66 include a fourth-quarter charge of $0.09 per share for a state tax valuation allo...

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