Donnelley Suffers Significant Loss
CHICAGO—The second quarter wasn’t kind to RR Donnelley as it reported earnings of $25.2 million on net sales of $2.4 billion, compared to earnings of $145.1 million on net sales of $2.9 billion for the same period last year. The Q2 earnings included $48.2 million in pre-tax charges for restructuring and impairment.
RR Donnelley is also closing its Spanish Fork, UT, commercial printing facility by Sept. 1, according to the Provo Daily Herald. About 120 workers will be let go. The plant was acquired by Donnelley in its acquisition of Banta Corp.