Donnelley Reports Sales Growth, Announces $1 Billion Share Repurchase
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Excluding restructuring and impairment charges and acquisition expenses, non-GAAP operating margin declined to 6.2 percent in the first quarter of 2011 from 6.8 percent in the first quarter of 2010.
Segments
Net sales for the U.S. Print and Related Services segment in the quarter increased 5.7 percent from the first quarter of 2010 to $1.9 billion, primarily due to the acquisition of Bowne and volume increases in logistics and financial print, partially offset by the non-recurring revenue from the U.S. Census in 2010 and continued pricing pressure. Pro forma for acquisitions, net sales in the US Print and Related Services segment decreased 1.9 percent.
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- Companies:
- RR Donnelley
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