Donnelley Reports Sales Growth, Announces $1 Billion Share Repurchase
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Summary
Net sales in the quarter were $2.6 billion, up 7.0 percent from the first quarter of 2010, including increased sales related to the acquisition of Bowne and a $15.4 million favorable impact of changes in foreign exchange rates. Pro forma for acquisitions, net sales decreased 0.4 percent, reflecting the non-recurring revenue related to the U.S. Census project, the majority of which was recognized in the first quarter of 2010, and continued pricing pressure, partially offset by volume growth.
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- RR Donnelley
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