LSC Communications Reports Second Quarter 2020 Results
Financial Highlights: *Net sales of $532 million compared to $869 million in the second quarter of 2019 *Organic net sales decrease of 29.1% from the second quarter of 2019 *GAAP net loss of $63 million, or $1.86 per diluted share, compared to net loss of $25 million, or $0.72 per diluted share, in the second quarter of 2019 *Cash balance of $97 million as of June 30, 2020, providing sufficient liquidity to continue to fund ongoing operations *No drawings under our debtor-in-possession ("DIP") credit facility