RR Donnelley Reports Big Decline in Net Earnings for Third Quarter
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SG&A expense as a percentage of net sales in the third quarter of 2009 increased to 10.2% from 9.8% in the third quarter of 2008 due to higher variable compensation expense that more than offset the benefits of productivity efforts.
Operating margin, which was negatively impacted by charges for restructuring and impairment of $131.7 million in the third quarter of 2009 and $23.4 million in the third quarter of 2008, decreased to 3.8% in the third quarter of 2009 from 10.7% in the third quarter of 2008.
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- Companies:
- RR Donnelley
- Places:
- Chicago
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