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Rr Donnelley and Sons Co (RRD) |
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Rr Donnelley And Sons Co's Comment on Competitors and Industry Peers
The print and related services industry, in general, continues to have excess
capacity and remains highly competitive. Despite consolidation in recent years,
the industry remains highly fragmented. Across the Company’s range of
products and services, competition is based primarily on price in addition to
quality and the ability to service the special needs of customers. Management
expects that prices for the Company’s products and services will continue
to be a focal point for customers in coming years. Therefore, the Company believes
it needs to continue to lower its cost structure and differentiate its product
and service offerings.
Technological changes, including the electronic distribution of documents
and data, online distribution and hosting of media content, and advances in
digital printing, print-on-demand and Internet technologies, continue to impact
the market for the Company’s products and services. The Company seeks
to utilize the distinctive capabilities of its products and services to improve
its customers’ communications, whether in paper or electronic form. The
Company’s goal remains to help its customers succeed by delivering effective
and targeted communications in the right format to the right audiences at the
right time. Management believes that with the Company’s competitive strengths,
including its broad range of complementary print-related services, strong logistics
capabilities, technology leadership, depth of management experience, customer
relationships and economies of scale, the Company has developed and can further
develop valuable, differentiated solutions for its customers. The Company seeks
to draw on its unified platform and strong customer relationships in order to
serve a larger share of its customers’ print and related services needs.
The impact of digital technologies has been felt in many print products. Electronic
communication and transaction technology has eliminated or reduced the role
of many traditional printed products and has continued to drive electronic substitution
in directory and statement printing, in part driven by environmental concerns
and cost pressures at key customers. In addition, e-book substitution is having
a continuing impact on consumer print book volume, though adoption rates are
stabilizing, and a limited impact on educational and specialty books. Digital
technologies have also impacted printed magazines, as advertiser spending has
moved from print to electronic media. The future impact of technology on the
Company’s business is difficult to predict and could result in additional
expenditures to restructure impacted operations or develop new technologies.
In addition, the Company has made targeted acquisitions and investments in the
Company’s existing business to offer customers innovative services and
solutions that further secure the Company’s position as a technology leader
in the industry.
The acquisition of Consolidated Graphics and proposed acquisition of Esselte’s
North American operations support the Company’s strategic objective of
generating profitable growth and improved cash flow and liquidity through targeted
acquisitions. These acquisitions are expected to enhance the Company’s
existing capabilities and ability to serve its collective customers as well
as provide cost savings through the combination of best practices, complementary
products and manufacturing and distribution capabilities.
The Company has implemented a number of strategic initiatives to reduce its
overall cost structure and improve efficiency, including the restructuring,
reorganization and integration of operations and streamlining of administrative
and support activities. Future cost reduction initiatives could include the
reorganization of operations and the consolidation of facilities. Implementing
such initiatives might result in future restructuring or impairment charges,
which may be substantial. Management also reviews the Company’s operations
and management structure on a regular basis to balance appropriate risks and
opportunities to maximize efficiencies and to support the Company’s long-term
strategic goals.
Publishing Retail Services Segment Market Share Q3 2020 |
With modest revenue growth of 0.57 % within Publishing Retail Services segment, Rr Donnelley and Sons Co failed to increase sales with the same pace, like most of company's peers within this division.
<< More on RRD Market Share.
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*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.
RRD's vs. Competition, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Rr Donnelley and Sons Co |
5,389 |
183 |
-169 |
68,000 |
Avery Dennison Corporation |
6,754 |
13,384 |
527 |
26,000 |
Genuine Parts Co |
17,459 |
14,815 |
-191 |
39,000 |
Adobe Inc |
12,635 |
217,784 |
5,319 |
12,499 |
The New York Times Company |
1,783 |
8,238 |
158 |
3,588 |
Acco Brands Corporation |
1,794 |
841 |
85 |
5,020 |
Veritiv Corporation |
7,659 |
371 |
-1 |
8,800 |
SUBTOTAL |
53,473 |
255,616 |
5,729 |
162,907 |
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