Donnelley Earnings Climb on Moore Wallace Acquisition

Share this content:
R.R. Donnelley & Sons Co. reported fourth-quarter 2004 net earnings yesterday of $136.8 million, a 40 percent increase over the same period in 2003, thanks largely to its acquisition of Moore Wallace.


Sales rose 77 percent to $2.11 billion from $1.19 billion in Q4 2003. Donnelley attributed the boost in sales to the Moore Wallace deal, which was completed in February 2004, as well as increasing activity in its book and financial print businesses, its international markets and its publishing and retail services segment.


Full-year 2004 net earnings were $264.9 million, up from $191.9 million in 2003. Full-year net sales for 2004 were $7.2 billion versus $4.2 billion in 2003.


The company said it incurred $85 million in restructuring charges in 2004, mostly involving its ongoing integration with Moore Wallace. Donnelley eliminated 3,214 positions last year.


Scott Hovanyetz covers telemarketing, production and printing and direct response TV marketing for DM News and DMNews.com. To keep up with the latest developments in these areas, subscribe to our daily and weekly e-mail newsletters by visiting www.dmnews.com/newsletters


close

Next Article in Direct Mail

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

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