Post-Earnings Coverage - R.R. Donnelley and Sons
LONDON, March 25, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Investor-Edge.com has issued free post-earnings coverage on R.R. Donnelley & Sons Co. (NASDAQ: RRD). On February 25, 2015, the company reported its financial results for Q4 FY14 and FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=R.R.%20Donnelley%20and%20Sons&d=25-Mar-2015&s=RRD to read our free earnings review on R.R. Donnelley and Sons Company (R.R. Donnelley). During Q4 FY14, the company's total net sales and organic net sales grew increased 11.4% Y-o-Y and 0.5% Y-o-Y, respectively. Our free coverage report can be accessed at:
http://get.Investor-Edge.com/pdf/?c=R.R.%20Donnelley%20and%20Sons&d=25-Mar-2015&s=RRD
Earnings Overview
During Q4 FY14, R.R. Donnelley's total net sales increased to $3.07 billion from $2.76 billion in Q4 FY13, primarily due to the acquisitions of Consolidated Graphics and the North American operations of Esselte. The company's Q4 FY14 total net sales missed Bloomberg analysts' forecasts of $3.11 billion. Furthermore, R.R. Donnelley's non-GAAP adjusted EBITDA came in at $326.9 million, or 10.7% of net sales, in Q4 FY14 compared to $293.6 million, or 10.7% of net sales, in Q4 FY13. Free research on RRD can be downloaded in PDF format at:
http://get.Investor-Edge.com/pdf/?c=R.R.%20Donnelley%20and%20Sons&d=25-Mar-2015&s=RRD
For Q4 FY14, GAAP net earnings attributable to R.R. Donnelley's common shareholders stood at $19.5 million, or $0.10 per diluted share, compared to $104.0 million, or $0.56 per diluted share, in Q4 FY13. Moreover, the company's Q4 FY14 non-GAAP net earnings attributable to common shareholders increased to $105.8 million, or $0.52 per diluted share, from $89.8 million, or $0.49 per diluted share, in Q4 FY13.
In Q4 FY14, R.R. Donnelley generated $468.8 million of net cash from operations as opposed to $387.7 million reported in Q4 FY13. Additionally, the company's free cash flow for Q4 FY14 was $409.7 million compared to $310.7 million in Q4 FY13.
During FY14, R.R. Donnelley reported total net sales of $11.60 billion compared to $10.48 billion in FY13. The company's FY14 total net sales were in-line with its guidance of $11.6 to $11.7 billion, but they slightly missed Bloomberg analysts' forecasts of $11.61 billion. Moreover, R.R. Donnelley's FY14 non-GAAP adjusted EBITDA was $1.24 billion, or 10.7% of net sales, compared to $1.15 billion, or 11.0% of net sales, in FY13. Sign up and read the free analyst's notes on RRD at:
http://get.Investor-Edge.com/pdf/?c=R.R.%20Donnelley%20and%20Sons&d=25-Mar-2015&s=RRD
For FY14, GAAP net earnings attributable to R.R. Donnelley's common shareholders came in at $117.4 million, or $0.59 per diluted share, compared to $211.2 million, or $1.15 per diluted share, in FY13. Analysts from Bloomberg had expected FY14 GAAP net earnings attributable to R.R. Donnelley's common shareholders of $257.0 million, or $1.08 per diluted share. Further, non-GAAP net earnings attributable to R.R. Donnelley common shareholders were $328.8 million, or $1.64 per diluted share, in FY14 compared to $309.7 million, or $1.69 per diluted share, in FY13.
In FY14, R.R. Donnelley reported net cash flows from operations of $722.7 million compared to $694.8 million in FY13. Further, the free cash flow for FY14 was $499.1 million compared to $478.2 million in FY13. As of December 31, 2014, the company had cash and cash equivalents of $527.9 million compared to $1.03 billion as of December 31, 2013.
In its FY15 guidance, R.R. Donnelley expects net sales to be in the range of $11.7 to $11.9 billion. The company anticipates non-GAAP adjusted EBITDA margin to be in the range of 10.3% to 10.5% in FY15. It also hopes to generate free cash flow in the range of $400 million to $500 million for FY15. Visit Investor-Edge and access the latest research on RRD at:
http://get.Investor-Edge.com/pdf/?c=R.R.%20Donnelley%20and%20Sons&d=25-Mar-2015&s=RRD
Stock Performance
On the day of the earnings release, February 25, 2015, R.R. Donnelley's stock edged 0.75% higher to end the session at $18.85. Since then, the stock has moved both ways. On the last close, Tuesday, March 24, 2015, the company's shares finished 1.09% lower at $19.03, after vacillating between $18.98 and $19.40 during the session. A total of 1.51 million shares were traded which was below the stock's three months average volume of 1.73 million shares. Over the last one month and over the previous three months, the company's shares have gained 1.71% and 13.00%, respectively. Additionally, the stock has advanced 4.10% in the past one year. Shares in R.R. Donnelley are trading above their 50-day and 200-day moving averages of $17.68 and $16.88, respectively. Furthermore, the stock traded at a PE ratio of 16.45.
Sneak Peek to Corporate Insider Trading
In the last one month, R.R. Donnelley has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on RRD is available at:
http://get.Investor-Edge.com/pdf/?c=R.R.%20Donnelley%20and%20Sons&d=25-Mar-2015&s=RRD
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