Company profile

Ticker
RRD
Exchange
Website
CEO
Daniel L. Knotts
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Donnelley R R & Sons Co
SEC CIK
IRS number
361004130

RRD stock data

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FINRA relative short interest over last month (20 trading days) ?

Calendar

26 Feb 20
7 Apr 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 1.63B 1.62B 1.51B 1.52B
Net income -90M 12.6M -7M -8.8M
Diluted EPS -1.27 0.18 -0.1 -0.12
Net profit margin -5.53% 0.78% -0.46% -0.58%
Operating income -19.4M 73.8M 20.9M 23.3M
Net change in cash 46.1M -75.8M -53.8M -96.3M
Cash on hand 190.8M 144.7M 220.5M 274.3M
Cost of revenue 1.3B 1.31B 1.23B 1.24B
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 6.28B 6.8B 6.94B 6.83B
Net income -93.2M -11M -34.4M -495.9M
Diluted EPS -1.31 -0.16 -0.49 -7.09
Net profit margin -1.48% -0.16% -0.50% -7.26%
Operating income 98.6M 208.6M 211.4M -324.9M
Net change in cash -179.8M 97.2M -44.1M 28.8M
Cash on hand 190.8M 370.6M 273.4M 317.5M
Cost of revenue 5.09B 5.54B 5.62B 5.48B

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
17 Mar 20 Chatham Asset Management Common Stock, $0.01 par value per share Sell Dispose S 1.6144 2,100,000 3.39M 7,041,657
12 Mar 20 Chatham Asset Management Common Stock, $0.01 par value per share Other Aquire J 1.3 1,416,862 1.84M 9,141,657
12 Mar 20 Chatham Asset Management Common Stock, $0.01 par value per share Other Dispose J 1.3 1,416,862 1.84M 9,141,657
4 Mar 20 John P Pecaric Common Stock Payment of exercise Dispose F 1.99 7,673 15.27K 220,200
4 Mar 20 Terry D Peterson Common Stock Payment of exercise Dispose F 1.99 10,528 20.95K 354,260
4 Mar 20 Daniel L. Knotts Common Stock Payment of exercise Dispose F 1.99 67,010 133.35K 1,515,586
89.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 146 151 -3.3%
Opened positions 16 20 -20.0%
Closed positions 21 19 +10.5%
Increased positions 45 50 -10.0%
Reduced positions 49 49
13F shares
Current Prev Q Change
Total value 780.79M 578.31M +35.0%
Total shares 63.45M 55.15M +15.1%
Total puts 1.45M 3.81M -61.9%
Total calls 276.6K 387.74K -28.7%
Total put/call ratio 5.3 9.8 -46.6%
Largest owners
Shares Value Change
BLK BlackRock 11.94M $47.17M +2.3%
Chatham Asset Management 9.14M $36.11M NEW
Vanguard 4.83M $19.1M +8.9%
Charles Schwab Investment Management 2.96M $11.7M +9.3%
STT State Street 2.22M $8.79M -4.2%
Acadian Asset Management 2.19M $8.65M +23.3%
BAC Bank of America 2.07M $8.18M +1838.1%
IVZ Invesco 1.67M $6.61M +11.3%
CS Credit Suisse 1.58M $6.26M +15.6%
Dimensional Fund Advisors 1.46M $5.78M -1.2%
Largest transactions
Shares Bought/sold Change
Chatham Asset Management 9.14M +9.14M NEW
BAC Bank of America 2.07M +1.96M +1838.1%
Cooper Creek Partners Management 0 -1.37M EXIT
NMR Nomura 814.26K -1.3M -61.5%
Allianz Asset Management GmbH 203K -1M -83.1%
Jacobs Levy Equity Management 1.1M +680.69K +161.4%
Norges Bank 564.07K +564.07K NEW
Susquehanna International 289.48K -475.55K -62.2%
QS Investors 0 -448.11K EXIT
Acadian Asset Management 2.19M +414.44K +23.3%

Financial report summary

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Risks
  • Global market and economic conditions, as well as the effects of these conditions on our clients’ businesses, may adversely affect us.
  • Changes in customer preferences have reduced, and may continue to reduce, demand for our products and services in certain markets. In addition, failure to manage changes in our relationships with our significant clients may have an adverse effect on our results of operations.
  • 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.
  • Our operations are subject to political and regulatory risks in the countries in which we operate.
  • We are subject to taxation related risks in multiple jurisdictions.
  • 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 assets. In addition, our obligations under our ABL Credit Agreement and Term Loan Credit Agreement 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.
  • Restrictive covenants in our ABL Credit Agreement and Term Loan Credit Agreement could limit our financial and operating flexibility.
  • An increase in interest rates could have a material adverse effect on our business.
  • We may be adversely affected by a decline in the availability of raw materials or by fluctuations in the costs of paper, ink, energy and other raw materials.
  • 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.
  • 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 may suffer a material data breach of sensitive information. If our efforts to protect the security of such information are unsuccessful, any such material failures may result in significant costs to investigate and remediate the data-breach, private litigation expense and costly government enforcement actions and penalties, and may have an adverse effect on our operations and reputation.
  • We have in the past acquired, and intend in the future to acquire, other businesses, and we may be unable to successfully integrate the operations of these businesses and may not achieve the cost savings and increased net sales anticipated as a result of these acquisitions.
  • 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.
  • 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.
  • Catastrophic events may damage or destroy our factories, distribution centers or other facilities, which may disrupt our business.
  • Changes in rules and regulations to which we are subject may increase our costs, which may adversely affect us.
  • 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.
  • 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.
  • We may be contingently liable for various LSC Communications, Inc. and Donnelley Financial Solutions, Inc. operating leases.
  • The spinoff transactions of LSC and Donnelley Financial in October 2016 could result in significant tax liability.
Management Discussion
  • Net sales for the year ended December 31, 2019 were $6,276.2 million, a decrease of $524.0 million, or 7.7%, compared to the year ended December 31, 2018. Net sales decreased $307.3 million due to business dispositions and $54.9 million due to changes in foreign exchange rates. Net sales also decreased due to lower volume in commercial print due to ongoing secular pressure and the continued planned reductions in low margin sales, as well as price pressures. Decreases in net sales were partially offset by higher volume in direct marketing primarily attributable to the 2020 Census contract.
  • Income from operations for the year ended December 31, 2019 was $98.6 million, a decrease of $110.0 million compared to the year ended December 31, 2018. Income from operations decreased due to a non-cash charge of $98.5 million to recognize the impairment of goodwill in the logistics reporting unit within the Business Services segment, as well as cost inflation, price pressures and lower sales volume, partially offset by lower selling, general and administrative expenses and lower depreciation and amortization expense.
  • We continue to assess opportunities to reduce our cost structure and enhance productivity throughout the business. During the year ended December 31, 2019, we realized cost savings from previous restructuring activities, including the reorganization of administrative and support functions across all segments, as well as facility consolidations.
Content analysis ?
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