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19 May 2022
RR Donnelley Reports Sales Increase But Operating Loss
CHICAGO—
Sales increased $139 million or 11.8% increased primarily from higher demand. Loss from operations was $25.5 million in the first quarter of 2022 compared to income from operations of $25.1 million in the first quarter of 2021. The first quarter of 2022 included $64 million of expenses related to the merger, and net restructuring, impairment and other charges of $18.9 million, which increased $13.1 million from the prior year period.
The company experienced significant growth in supply chain management, commercial print and labels products. Organic net sales increased 12.0%. As part of its transition to a privately owned company, the company plans to publicly issue a press release related to its quarterly earnings releases and post the release to its website for each of the quarters in 2022. Beginning with the first quarter of 2023, the company expects to no longer issue its results publicly.
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