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RR Donnelley & Sons (RRD)

R. R. Donnelley & Sons Company provides commercial printing and information services. The Company provides solutions that include commercial printing, direct mail, financial printing, print fulfillment, labels, forms, logistics, call centers, transactional print-and-mail, print management, online services, digital photography, color services, and content and database management.

Company profile

Ticker
RRD
Exchange
Website
CEO
Daniel Knotts
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
DONNELLEY R R & SONS CO
SEC CIK
Subsidiaries
American Lithographers, Inc. • Banta Corporation • Banta Europe B.V. • Banta Global Turnkey (Shenzhen) Co., Ltd. • Banta Global Turnkey (Singapore) PTE LTD • Banta Global Turnkey LLC • Banta Global Turnkey Ltd. • Beijing Donnelley Commercial Co., Ltd. • Bridgetown Printing Co. • Consolidated Graphics B.V. ...
IRS number
361004130

RRD stock data

Calendar

24 Feb 22
18 Aug 22
31 Dec 22
Quarter (USD) Dec 21 Sep 21 Jun 21 Mar 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 320.3M 320.3M 320.3M 320.3M 320.3M 320.3M
Cash burn (monthly) (no burn) 3.11M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) n/a 23.68M n/a n/a n/a n/a
Cash remaining n/a 296.62M n/a n/a n/a n/a
Runway (months of cash) n/a 95.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 Feb 22 James R Ray Jr Common Stock Sale back to company Dispose D No No 10.85 30,466 330.56K 0
25 Feb 22 Pope John C Common Stock Sale back to company Dispose D No No 10.85 387,092 4.2M 0
25 Feb 22 Irene M Esteves Common Stock Sale back to company Dispose D No No 10.85 179,685 1.95M 0
25 Feb 22 Gianinno Susan M Common Stock Sale back to company Dispose D No No 10.85 208,145 2.26M 0
25 Feb 22 Mclevish Timothy R Common Stock Sale back to company Dispose D No No 10.85 204,181 2.22M 0
84.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 146 115 +27.0%
Opened positions 62 14 +342.9%
Closed positions 31 21 +47.6%
Increased positions 32 39 -17.9%
Reduced positions 36 37 -2.7%
13F shares Current Prev Q Change
Total value 1.05B 224.44M +368.8%
Total shares 61.85M 54.51M +13.5%
Total puts 417.8K 214.4K +94.9%
Total calls 304.2K 190.4K +59.8%
Total put/call ratio 1.4 1.1 +22.0%
Largest owners Shares Value Change
Chatham Asset Management 10.93M $123.04M +1.0%
BLK Blackrock 5.18M $58.29M -14.4%
Vanguard 3.4M $38.27M -2.5%
TIG Advisors 3.28M $36.9M NEW
BCS Barclays 2.99M $33.68M +1483.0%
Water Island Capital 2.58M $29.09M NEW
Atlas FRM 1.78M $19.01M NEW
Governors Lane 1.78M $20M NEW
Berry Street Capital Management 1.32M $14.81M NEW
MNGPF Man 1.27M $14.28M NEW
Largest transactions Shares Bought/sold Change
HG Vora Capital Management 0 -5M EXIT
TIG Advisors 3.28M +3.28M NEW
BCS Barclays 2.99M +2.8M +1483.0%
Water Island Capital 2.58M +2.58M NEW
Lord, Abbett & Co. 0 -2.49M EXIT
Atlas FRM 1.78M +1.78M NEW
Governors Lane 1.78M +1.78M NEW
Solas Capital Management 0 -1.38M EXIT
Berry Street Capital Management 1.32M +1.32M NEW
Jacobs Levy Equity Management 397.65K -1.29M -76.5%

Financial report summary

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Risks
  • Global market and economic conditions, which have been significantly affected by the COVID-19 pandemic, as well as the effects of these conditions on our clients’ businesses, may adversely affect us.
  • Our business is dependent upon brand reputation and the quality of our client support and services offerings. If we fail to offer effective client support and services, our brand reputation could be harmed and clients may not use our products and services, which may have an adverse effect on our results of operations.
  • We may be adversely affected by rising inflation, a decline in the availability of raw materials, supply chain disruptions, and labor shortages.
  • The highly competitive market for our products and industry consolidation may continue to create adverse price pressures.
  • Undetected errors or failures found in our products and services may result in loss of or delay in market acceptance of our products and services that may seriously harm our business.
  • Adverse financial market conditions, our operating performance and our creditworthiness may limit our ability to obtain future financing and the cost of any such capital may be higher than in past periods.
  • Our ABL Credit Agreement limits our borrowing capacity to the value of certain of our U.S. assets. In addition, our obligations under our ABL Credit Agreement and Term Loan Credit Agreement along with our Secured Notes are secured by substantially all of the assets of the Company and our material domestic subsidiaries and lenders may exercise remedies against the collateral if an event of default occurs.
  • An increase in interest rates could have a material adverse effect on our business.
  • We may not be able to reduce or extinguish our material indebtedness, and as a result we may have increased financial leverage, which may adversely affect our business.
  • Our operations are subject to political and regulatory risks in the countries in which we operate.
  • Changes in rules and regulations to which we are subject may increase our costs, which may adversely affect us.
  • We are subject to taxation related risks in multiple jurisdictions.
  • We may be unable to improve our operating efficiency rapidly enough to meet market conditions.
  • A decline in our Company’s or our individual reporting units’ expected profitability may result in the impairment of assets, including goodwill, other long-lived assets and deferred tax assets.
  • Catastrophic events may damage or destroy our factories, distribution centers or other facilities, which may disrupt our business.
  • We may be unable to hire and retain talented employees, including management.
  • The trend of increasing costs to provide health care and other benefits to our employees and retirees may continue.
  • Changes in market conditions or lower returns on assets may increase required pension and OPEB plan contributions in future periods.
  • Our services depend on the reliability of computer systems we and our vendors maintain. If our systems fail or are unreliable, our operations may be adversely affected.
  • We have suffered and may in the future suffer a systems intrusion in our technical environment. If our efforts to protect the security of corporate information are unsuccessful, any such further failures may result in significant costs to us to investigate and remediate the data-breach, to defend against private litigation or government enforcement actions or to pay penalties. Any such failures may have a material adverse effect on our results of operations, financial condition, cash flows and reputation.
  • Risks to operating in foreign countries
  • We may be more vulnerable to adverse events and trends associated with operations outside the U.S.
  • We are exposed to significant risks related to potential adverse changes in currency exchange rates.
  • Distribution related risks
  • Changes in postal rates, regulations and delivery structure may adversely affect demand for our products and services.
  • Increased transportation costs and changes in the relationships with independent shipping companies may have an adverse effect on our business.
Management Discussion
  • Net sales for the year ended December 31, 2021 were $4,963.7 million, an increase of $197.4 million, or 4.1%, compared to the year ended December 31, 2020. Net sales increased $50.0 million due to favorable changes in foreign exchange rates and were unfavorably impacted by $6.5 million due to the Chile business closure in 2020. Net sales also increased due to higher volume reflecting strengthening demand for many of our products and services and higher prices as we attempt to recover inflationary cost increases. Notably, higher demand for books and trading cards contributed to the growth in our Commercial Print and Packaging products. The increase also reflects continued recovery from the COVID-19 pandemic, partially offset by large, non-recurring pandemic-related orders in 2020 and the Census project, which was fully completed in the third quarter of 2020.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: accessed, Adder, administered, affiliate, Al, alleging, anticompetitive, apportionment, attempt, back, begun, body, break, Campaign, capita, cessation, CGU, Chatham, CHRO, Comptroller, congressionally, David, defend, defense, deliberation, Density, divert, Dupont, ELT, encouraged, Enterprise, exacerbated, excise, exfiltrated, expert, Fargo, fiduciary, Footnote, foremost, forensic, goal, heightened, Houck, ID, incident, inflationary, isolate, isolated, knowledge, lump, missed, Notably, notified, overnight, oversee, parachute, parent, pendency, pending, precautionary, proceeding, promptly, RAY, renegotiate, repaid, restored, River, score, SOFR, SONIA, Sterling, technical, threat, TIBOR, unsettled, USD, validate, verified, wage, Yen
Removed: analyze, appraisal, clock, cody, collection, comparability, computed, consolidating, corridor, declined, deficit, Deluxe, disclaim, doubtful, exceeded, exceeding, expired, extending, finalized, fluctuated, Francisco, GILTI, grouping, hand, heading, identifying, incurrence, issuable, led, lien, making, modify, monitored, North, occurrence, patch, proposal, remained, reportable, retained, reverse, Ryan, San, satisfied, settled, shared, split, strict, tender, tight, treat, undertaken

Patents

Utility
Method for producing collectible cards
21 Jun 22
Methods and systems of producing collectible cards are disclosed.
Utility
Ink composition for use on non-absorbent surfaces
18 May 21
According to one aspect, an ink composition includes a colorant, one or more polymers such as a polyurethane siloxane, a surfactant, water, and a solvent.
Utility
Display sign and method of disposing same
23 Feb 21
A display sign and a method of disposing the display sign are disclosed in which the display sign includes a first panel made of a first flexible substrate having a first side portion, a second panel made of a second flexible substrate having second side portion, and a strap having an elastic portion.
Utility
Display article
21 Sep 20
According to one aspect, a display article having a first article end and a second article end includes a first portion having a first portion end proximal the first article end and first and second spaced tabs disposed at a second portion end opposite the first portion end.
Utility
Polygonal display and method for forming the same
24 Aug 20
In one example, a triangular display includes a first substrate, a second substrate coupled to and disposed in opposition to the first substrate, a first line of weakness formed along an axial direction of the first substrate to define a first section and a second section, a second line of weakness formed along an axial direction of the second substrate to define a third section and a fourth section and a former having a first side, the former extending between the first section and the third section, and in a deployed position, at least one of the first section or the second section has rotated about the first line of weakness and at least one of the third section or the fourth section has rotated about the second line of weakness to place the second section and the fourth section adjacent to the first side of the former.