RR Donnelley Reports Net Growth for Q1 Financial Results

CHICAGO—April 25, 2013— R.R. Donnelley & Sons Company (Nasdaq: RRD) has reported its financial results for the first quarter of 2013.

Highlights:

• First-quarter 2013 net sales of $2.5 billion grew 0.5 percent from the first quarter of 2012
  —U.S. Print and Related Services segment net sales declined 0.5 percent
  —International segment net sales grew 3.5 percent
  —Organic net sales decline of 1.2 percent reflects improvement in trend from the previous five quarters
• First-quarter 2013 GAAP net earnings attributable to common shareholders of $27.1 million, or $0.15 per diluted share
• First-quarter 2013 non-GAAP net earnings attributable to common shareholders of $68.1 million, or $0.37 per diluted share
• First-quarter 2013 non-GAAP adjusted EBITDA of $277.1 million, or 10.9 percent of net sales
• Company reaffirms revenue, margin and free cash flow guidance for full-year 2013

"Our first-quarter results allow us to reaffirm our full-year guidance for revenue, margin and free cash flow," said Thomas J. Quinlan III, R.R. Donnelley's president and CEO. "We continue to focus our efforts to drive free cash flow, and remain committed to our targeted gross leverage range of 2.25x to 2.75x on a long-term sustainable basis."