Power of Print

Financial Summary *$1.78 billion of revenue in Q4, down 7.9 percent year-over-year, or down 7.4 percent in constant currency; $7.04 billion of FY revenue, up 0.2 percent year-over-year, or down 1.4 percent in constant currency. *Q4 and FY GAAP (loss)/earnings per share (EPS) of $(3.97) and $(2.56), down $4.33 and $3.40 year-over-year, respectively. Both Q4 and FY GAAP EPS include an after-tax non-cash goodwill impairment charge of $750 million or $4.38 and $4.08 per share, respectively. *$198 million of operating cash flow in Q4, down $37 million year-over-year; $629 million of FY operating cash flow, up $81 million year-over-year. *$182 million of free cash flow in Q4, down $39 million year-over-year; $561 million of FY free cash flow, up $87 million year-over-year. *Delivered $375 million of targeted 2021 gross cost savings through Project Own It, or $1.8 billion since inception. *Returned more than $1 billion to shareholders, close to double FY 2021 free cash flow.

R.R. Donnelley & Sons Company announced that it has closed on the previously announced sale of its International Mail and Parcel Logistics business to ePost Global LLC. Dan Knotts, RRD’s President and Chief Executive Officer, stated, “This sale completes the final step of our previously announced plan to exit our Logistics platform.” Knotts continued, “I want to thank the International Logistics employees for their support of RRD and wish them well as they join ePost Global LLC.”

Huston Patterson and Sigma Graphics, leading suppliers of high-graphic printed materials, announced the companies have merged with Lewisburg Printing Company (“LPC”). LPC, a portfolio company of Radial Equity Partners, manufactures printed materials and packaging for a broad range of markets, including personal care, food & beverage, healthcare, and other consumer markets. Terms of the transaction were not disclosed. Founded in 1895 in Decatur, IL, Huston Patterson manufactures printed materials for the packaging and point-of-purchase markets. The company is a G7 Master Printer with a broad range of capabilities including large and small format lithographic and digital printing as well as value-added prepress and finishing services. The company provides unparalleled value and performance through the effective use of both technology and craftsmanship. Sigma Graphics, located in Ottawa, Illinois, is Huston Patterson’s specialty products division.