RRD Reports Third Quarter 2022 Results
*GAAP net sales, including the impact of foreign exchange, increased $113 million or 8.9%; *GAAP net income from continuing operations was up $26 million versus the prior year period *Cash used in operating activities during the nine months ended September 30, 2022 was $221 million compared to $29 million in the prior year period; current year results reflect working capital investments due to increased volume and inflation in addition to $80 million of merger related payments *Gross leverage ratio of 3.2x improved 0.5x from September 30, 2021; net leverage ratio of 2.7x improved 0.4x from the same period last year