RR Donnelley Records a Net Loss as Demand Softens

Net sales for the International segment increased 4.9 percent from the fourth quarter of 2010 to $715.7 million. Pro forma for acquisitions, net sales grew by 0.5 percent, as increased volume in business process outsourcing and Asia and higher pass-through paper sales more than offset the impact of continued pricing pressure and a $20.6 million (302 basis point) unfavorable impact of changes in foreign exchange rates.