R.R. Donnelley & Sons Company (NYSE:RRD) Q1 2018 Earnings Conference Call - Preliminary Transcript

May 02, 2018 • 11:00 am ET


R.R. Donnelley & Sons Company (NYSE:RRD) Q1 2018 Earnings Conference Call - Preliminary Transcript


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Welcome to the R.R. Donnelley's First Quarter 2018 Results Conference Call. My name is Louise and I'll be your operator for today's call. At this time, all participants are in a listen only mode. After the remarks from the company's representatives, we'll conduct the question-and-answer session. (Operator Instructions) Please note that this call is being recorded.

I would now like to turn the call over to Brian Feeney, R.R. Donnelley's Senior Vice President of Investor Relations. Please go ahead.

Brian Feeney

Thank you, Louise and thank you everyone for joining RRD's first quarter 2018 results conference call. Joining me on today's call are Dan Knotts, RRD's President and Chief Executive Officer and Terry Peterson, our Chief Financial Officer. At the conclusion of today's prepared remarks, Dan, Terry and I will take questions.

As a reminder, we have prepared supplemental slides for today's call, which can be found under the Events tab in the Investors section of our website at www.rrd.com. As we review first quarter results on today's call, we will reference page numbers from the supplemental slides for those participants who wish to follow along by advancing the slides themselves.

The information that will be reviewed during this call is addressed in more detail in our first quarter press release, a copy of which is posted on the Investors section of our website at rrd.com. This information was also furnished to the SEC on the Form 8-K we filed yesterday.

Throughout this call, we will also refer to forward-looking statements, including comments on our financial outlook and strategy, all of which involve risks and uncertainties. Therefore, our actual results could differ materially from our current expectations.

For a complete discussion of the factors that could cause our actual results to differ materially, please refer to the cautionary statement included in our earnings release and the risk factors in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other filings with the SEC.

Further, we will discuss non-GAAP financial information. We believe the presentation of non-GAAP results provides investors with useful supplementary information concerning the Company's ongoing operations and is an appropriate way to evaluate the Company's performance. They are provided for informational purposes only. Any references to non-GAAP financial measures are reconciled to the comparable GAAP financial measures in our press release and the Investors section of our website under the Presentation tab.

I will now turn the call over to Dan.

Daniel L. Knotts

Great. Thanks, Brian. Good morning, everyone and thank you for joining us. On our call today, I'm going to first provide an overview of our financial performance for the quarter, followed by an update on our strategic transformation, including our two recent announcements regarding the realignment of our businesses into two new segments and the pending sale of the print logistics and mail services component of our broader Logistics business. Both of these actions represent key steps in advancing our transformation strategy.

I will also review our marketing solutions and business services strategies and share a