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Stock impact report

RRD Reports First Quarter 2020 Results

R.R. Donnelley & Sons Company (RRD) 
US:NASDAQ Investor Relations: rrdonnelley.com
Company Research Source: Business Wire
Strong First Quarter Start to 2020 Despite COVID-19 Impact on Operations in ChinaProvides Update on Response to COVID-19 Pandemic - Continues to Meet Client Commitments While Taking Actions to Protect Employees and Preserve Financial FlexibilityTotal Liquidity in Excess of $600 Million CHICAGO--(BUSINESS WIRE)--R.R. Donnelley & Sons Company (NYSE: RRD) (“RRD” or the “Company”) today reported financial results for the first quarter of 2020.First quarter key messagesGAAP net sales 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 ChinaGAAP income from operations down $14.5 million due to a non-cash goodwill impairment charge of $20.6 million; non-GAAP adjusted income from operations increased $18.7 million while adjusted operating margin improved 150 basis pointsGAAP loss per share of $0.18 included a first quarter goodwill impairment charge of $0.29; non-GAAP adjusted earnings per share of $0.33 i Show less Read more
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