RR Donnelley Reports Q4 Net Loss and Full-Year Results

Quinlan continued, "We are also encouraged by the results we've seen in 2013 thus far, and expect another year of strong free cash flow, in the range of $400 million to $500 million. We expect to continue to reduce our leverage, and are revising our targeted gross leverage on a long-term sustainable basis to be in the range of 2.25x to 2.75x, down from the previous range of 2.5x to 3.0x."