Donnelley 5.3% Sales Growth In Line With Expectations

First-quarter 2014 non-GAAP adjusted EBITDA was $276.5 million, or 10.3 percent of net sales, compared to non-GAAP adjusted EBITDA of $277.1 million, or 10.9 percent of net sales, in the first quarter of 2013. Price pressure and wage and other cost inflation more than offset higher volume, the benefit of two months of Consolidated Graphics and a favorable product mix.