RR Donnelley Reports Higher Earnings on Slight Sales Decline

"We are pleased with our first-quarter results," said Thomas J. Quinlan III, RR Donnelley's President and Chief Executive Officer. "The revenue trend improved from the fourth quarter of 2011, reflecting a favorable trend in customer demand and new customer wins that we added to the platform during the quarter. We expect this improved trend, in conjunction with our continuing cost management efforts, to have a positive impact going forward."