Donnelley Suffers Massive Q1 Decline in Profits

CHICAGO—RR Donnelley posted an alarming drop of 92 percent in first quarter net profits this week, plunging to $13.9 million on net sales of $2.5 billion as the slumping economy and restructuring charges took its toll on North America's largest printer. For the same period in 2008, the company pulled in $182 million in earnings on sales of $3 billion.