RRD Announces Actions to Address Impact of COVID-19 Pandemic
R.R. Donnelley & Sons Company (RRD)
US:NASDAQ Investor Relations:
rrdonnelley.com
Company Research
Source: Business Wire
Increases Cash On Hand to $460 MillionTemporarily Suspends Quarterly DividendWithdraws Full Year 2020 Guidance CHICAGO--(BUSINESS WIRE)--R.R. Donnelley & Sons Company (“RRD” or the “Company”) (NYSE: RRD), a leading global provider of multichannel solutions for marketing and business communications, today announced a series of actions to protect employees, meet client commitments, and preserve financial flexibility in response to the COVID-19 crisis.“The COVID-19 pandemic has created tremendous business challenges for companies around the world, including many of our clients across the broad number of industries we serve,” said Dan Knotts, RRD President and Chief Executive Officer. “We have activated our business continuity plans and are leveraging our strong supply chain partnerships to continue to meet the ongoing needs of our 50,000 global clients. To date, with the exception of a few small facilities in the Caribbean, all of our printing and distribution operations have been cla
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