RR Donnelley Reports Q2 2015 Results, Intent to Create Three Independent Publicly Traded Companies
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Non-GAAP Earnings
Non-GAAP adjusted EBITDA in the second quarter of 2015 was $309.2 million, or 11.3 percent of net sales, compared to $325.6 million, or 11.2 percent of net sales, in the second quarter of 2014. The decrease in non-GAAP adjusted EBITDA was due to volume declines in Variable Print and Publishing and Retail Services segments and price pressure in all four operating segments. These decreases were partially offset by productivity improvements and lower variable compensation expense, which also positively impacted margin.
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