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    Breaking News

    RRD Reports 1Q 2021 Results

    Net sales in the first quarter were $1.17 billion, down $43.8 million or 3.6% from 1Q 2020.

    RRD Reports 1Q 2021 Results
    05.03.21
    In spite of the ongoing impact of the COVID-19 pandemic and last year’s Census project, which was completed mid-2020, R.R. Donnelley & Sons Company (RRD) reported solid numbers when it announced financial results for the first quarter of 2021.

    Net sales in the first quarter were $1.17 billion, down $43.8 million or 3.6% from the first quarter of 2020. The current period continued to be negatively impacted by the ongoing impact of the COVID-19 pandemic and last year’s Census project, which was completed mid-2020.

    “We are off to a strong start in 2021 as we continue to provide essential marketing and business communications for our clients while continuing to protect the health and safety of our global colleagues,” said Dan Knotts, RRD president and CEO.

    “Our first quarter organic sales rate marked our third consecutive quarter of improving sales trends, we continued to execute our cost reduction plans to align with client demand, and we delivered our best first quarter operating cash flow performance since the spin in 2016,” added Knotts.

    Income from operations was $25.1 million in the first quarter of 2021 compared to income from operations of $33.1 million in the first quarter of last year. Cash used in operating activities of $18.9 million in the first quarter of 2021 improved $61 million versus the prior year period.

    As of March 31, 2021, cash on hand was $261.6 million, down $27.2 million from Dec. 31, 2020. Total debt outstanding at the end of the quarter was $1.5 billion, which remained unchanged from the prior year end.
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    Breaking News
    • Tetra Pak Joins Earthquake Relief Efforts in Morocco
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    CURRENT ISSUE

    July 2023

    • The Digital Packaging Market is Continuing to Grow
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    • John Hrdlick Receives NAPIM’s 2023 Ault Award
    • Ralph Arcurio – Sun Chemical
    • Jim Bishop – Sun Chemical
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