RR Donnelley’s Net Earnings Cut in Half as Net Sales Slump

Segments
The company reports its results in two reportable segments: U.S. Print and Related Services and International.

Net sales for the U.S. Print and Related Services segment decreased 6.4 percent from the third quarter of 2011 to $1.9 billion in the third quarter of 2012. Pro forma for acquisitions, net sales in the segment decreased 6.9 percent due to volume declines across most product offerings, lower pass-through paper sales of $18.6 million, or 93 basis points, and continued pricing pressure across the segment.