RRD Net Earnings Cut As Printing Sales Slump

RR Donnelley’s Net Earnings Cut in Half as Net Sales Slump : RR Donnelley’s Net Earnings Cut in Half as Printing Sales Slump:  R.R. Donnelley & Sons reported third-quarter 2012 net earnings of $71.4 million  on net sales of $2.5 billion, compared to net earnings of $158.0 million on net sales of $2.7 billion in the third quarter os 2011. "While our top line continues to be pressured by challenging industry dynamics and ongoing global economic headwinds, we remained focused on managing our cost structure to drive improved operating earnings and margins in the third quarter," said Thomas J. Quinlan III, RR Donnelley's president and CEO. "As we close the year and look ahead to 2013, our focus on aggressively aligning the cost structure with revenue will remain intact."  Net sales in the quarter were $2.5 billion, down $174.5 million, or 6.5 percent, from the third quarter of 2011. Pro forma for acquisitions, net sales decreased 6.9 percent due to volume declines, a 118 basis point unfavorable impact of changes in foreign exchange rates, price erosion and a 46 basis point unfavorable impact of lower pass-through paper sales.