R.R. Donnelley & Sons Earnings: Still Digesting Browne Acquisition

S&P 500 (NYSE:SPY) component R.R. Donnelley & Sons Company (NASDAQ:RRD) reported its results for the first quarter. R.R. Donnelley & Sons Company provides communications and consultative business services to private and public sectors worldwide.

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R.R. Donnelley & Sons Company Earnings Cheat Sheet for the First Quarter

Results: Net income for R.R. Donnelley & Sons Company fell to $33.9 million (16 cents/share) vs. $52.6 million (25 cents/share) a year earlier. A decline of 35.6% from the year earlier quarter.

Revenue: Rose 7% to $2.58 billion YoY.

Actual vs. Wall St. Expectations: RRD reported adjusted net income of of 33 cents/share. By that measure, the company fell short of mean estimate of 37 cents/share. Estimates ranged from 33 cents per share to 40 cents per share.

Quoting Management: “First-quarter results were in line with our expectations. We overcame both the absence of last year’s U.S. Census project and this year’s incremental expenses associated with the acquisition of Bowne and begin the second quarter building positive momentum,” said Thomas J. Quinlan III, RR Donnelley’s President and Chief Executive Officer. “The integration of Bowne is progressing well and we expect the acquisition to be accretive in 2011. We remain on track to deliver full-year revenue, margin and cash flow consistent with our previous guidance.”

Competitors to Watch: Consolidated Graphics, Inc. (NYSE:CGX), InnerWorkings, Inc. (NASDAQ:INWK), Cenveo, Inc. (NYSE:CVO), VistaPrint NV (NASDAQ:VPRT), Multi-Color Corporation (NASDAQ:LABL), Deluxe Corporation (NYSE:DLX), Ennis, Inc. (NYSE:EBF), Courier Corporation (NASDAQ:CRRC), Champion Industries, Inc. (NASDAQ:CHMP), and Laser Master Int’l, Inc. (LMTI)

Stock Performance: Shares of RRD are down 0.3% from the previous close of $19.14.

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