RR Donnelley Posts Earnings Increase, Net Sales Decline

The segment’s non-GAAP operating margin declined to 6.7 percent in the second quarter of 2012 from 7.6 percent in the second quarter of 2011 as an unfavorable product mix, pricing pressure and wage and other inflationary increases in certain countries were only partially offset by lower depreciation and amortization, productivity improvements and a favorable impact from changes in foreign exchange rates.