RR Donnelley

Google Inc. prematurely released its quarterly earnings midday Thursday, reporting that profit declined 20 percent as total costs jumped and advertising prices continued to slide. The unexpected release, via a filing with the Securities & Exchange Commission, triggered a selloff in Google shares. The stock dropped about 9 percent before trading was suspended .

Google issued a statement blaming R.R. Donnelley & Sons, the company that prints its financial documents, for the early release.

In a statement, R.R. Donnelly said it was “fully engaged in an investigation to determine how this event took place and are pursuing our first obligation—which is to

R. R. Donnelley & Sons has been awarded a $25-million, multiyear agreement by Parke-Bell to provide prepress, printing, binding and logistics services for the company’s Touch of Class catalogs. “We believe that RR Donnelley's craftsmanship, prepress expertise and logistics resources will deliver exceptional value to Touch of Class as they help us bring our distinctive offering to our customers,” said Fred Bell, Parke-Bell CEO.

CHICAGO—RR Donnelley has been awarded a new multiyear, multimillion-dollar, enterprise-wide print management agreement by Guideposts, a nonprofit organization whose products and services are designed to inspire, encourage and uplift. Its flagship magazine, titled Guideposts, has a paid circulation of two million and the organization annually sells more than 5.7 million books direct to consumers and through retail channels.

Under the multiyear, multimillion-dollar enterprise-wide print management agreement, RR Donnelley will provide Guideposts comprehensive magazine, book, direct response, forms, labels and other production and print management services, along with premedia, book fulfillment and other logistics services.

Commercial printing industry news briefs from Printing Impressions’ October 2012 edition, including items on RR Donnelley, PIA-NAPL Merger, Acme Bookbinding, Presstek, InnerWorkings, InnoMark Communications, and TC Transcontinental Printing.

In Fitch’s view, more than 50 percent of R.R. Donnelley & Sons’ revenues face some degree of secular headwinds (catalogs, magazines, books, directories, variable, commercial and financial print). Therefore, it has assigned a “BBB-” rating to RRD’s proposed senior secured bank credit facility of up to $1.25 billion.

The Tennessee Department of Labor and Workforce Development says it received notification from RR Donnelley that it will permanently close its facility at 3201 Kimberly Court in Johnson City in early to mid November. The Department of Labor and Workforce Development says the closure will impact 111 people.

R. R. Donnelley announced that it has further expanded its fast growing logistics services offering with the acquisition of Express Postal Options International (XPO), a privately held company based in Torrance, CA. XPO provides international outbound mailing services to pharmaceutical, e-commerce, financial services, information technology, catalog, direct mail and other businesses. 

Commercial Printing Industry News Briefs from Printing Impression ’ September 2012 edition, including items on Webcrafters, RR Donnelley, Whitmore Print and Imaging, MultiAd, Worzalla, New London Press and Catalyst Paper.

NEW YORK—Fitch Ratings has affirmed RR Donnelley's (RRD) Issuer Default Rating (IDR) at BB+ and revised the Rating Outlook to “Negative” from “Stable.” In a previous notice, Fitch had stated its concern that revenue declines in the low-to-mid single digits could pressure cash flows and slow down absolute debt reduction, and thereby lead to an outlook revision or rating change.