R.R. Donnelley & Sons Co. posted net earnings of $145.1 million for the second quarter, compared to a net loss of $69.4 million in the prior year.
The printing giant reported net sales of $2.9 billion , up nearly 4.6% from about $3 billion last year.
The Chicago firm attributed these results to charges related to for restructuring and discontinuing certain business activities.
Donnelley reported that its gross margin rate decreased to 26.7% in the quarter from 27.1% last year. Management attributed this to the inclusion of the acquired companies that in aggregate carried a lower margin historically, an unfavorable product mix and continued price pressure that more than offset the benefits from productivity efforts.
The firm added tht its selling, general and administrative expense as a percentage of net sales decreased to 11.1% in the quarter from 11.9% last year.
