Declining volumes take bite out of RR Donnelley's Q4 results

Share this content:

Commercial printer RR Donnelley reported net sales in the fourth quarter of 2008 totaled $2.8 billion, down 9.5% from the previous year.

The decrease was caused by volume declines, unfavorable foreign exchange rates and continued price pressure primarily due to the worsening global recession, offset slightly by acquisitions.

The company also reported a fourth-quarter net loss from continuing operations of $686.9 million, or $3.35 per diluted share, compared to a net loss from continuing operations of $292.9 million, or $1.37 per diluted share, in the fourth quarter of 2007.

"Volatility in the global economy has resulted in significant declines in demand across nearly all of the diverse industries that we serve," said Thomas Quinlan III, RR Donnelley's president and CEO, in a statement.

Net sales for the US print and related services segment in the quarter decreased 4.9% to $2.2 billion compared with the previous year.

Partially offsetting these volume declines and price pressure were sales from the acquisitions of Cardinal Brands and Pro Line Printing.

Net sales for the International segment in the quarter decreased 22.1% for a total of $637.8 million compared with the previous year due to volume declines and unfavorable foreign exchange rates in most reporting units as well as continued price pressure.


Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above