RR Donnelley’s Net Earnings Cut in Half as Net Sales Slump

CHICAGO—Nov. 1, 2012—R.R. Donnelley & Sons reported third-quarter-2012 net earnings of $71.4 million on net sales of $2.5 billion, compared to net earnings of $158 million on net sales of $2.7 billion in the third quarter of 2011.

"While our top line continues to be pressured by challenging industry dynamics and ongoing global economic headwinds, we remained focused on managing our cost structure to drive improved operating earnings and margins in the third quarter," said Thomas J. Quinlan III, RR Donnelley's president and CEO. "As we close the year and look ahead to 2013, our focus on aggressively aligning the cost structure with revenue will remain intact."