- R.R. Donnelley (NASDAQ:NYSE:RRD) reports organic sales grew 0.5% in Q4.
- Segment revenue: Publishing and retail services: $682.7M (-9.29%); Variable print: $1.03B (+34.54%); Strategic services: $669.60M (+7.62%); International: $686.70M (-4.30%).
- Gross margin rate fell 16 bps to 21.75%.
- SG&A expense ratio -15 bps to 11.10%.
- Operating margin remained flat at 6.8%.
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FY2015 Guidance: Sales: $11.7B to $11.9B; Non-GAAP adjusted EBITDA margin: 10.3% to 10.5%; D&A: $455M to $465M; Interest expense: $265M to $275M; Non-GAAP effective tax rate: 33% to 34%; Diluted share count: ~202M; Capex: $225M to $250M; Free cash flow: $400M to $500M.