RR Donnelley & Sons (RRD) 8-K Regulation FD Disclosure

2007 Guidance (Non-GAAP)

(1)

Assumes

no

additional

shares

repurchased.

Excludes,

if

any,

restructuring

and

impairment

charges

and

the

resolution

of

certain

tax items and

other items that are not currently determinable, but may be significant. For that reason, the Company is unable to provide full-year GAAP net

earnings and operating margin estimates at this time.

Revenue; $11.55 -

$11.65 billion

Operating

margin

(non-GAAP)

of

about

10.0%

(1)

Depreciation and amortization; ~ $590-$595 million, includes an incremental

$45 million of purchase accounting amortization

Interest expense –

net; ~ $230 million

Effective tax rate (non-GAAP); ~ 31.9%

Non-GAAP

EPS

(fully

diluted)

=

$2.85

to

$2.88

(1)

Capex

= ~$450-$475 million

EBITDA –

Capex = Growth 20%+

Exhibit 99.1

Safe Harbor Statement

Use of Forward-Looking Statements

This presentation contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of

1995.

Readers

are

cautioned

not

to

place

undue

reliance

on

these

forward-looking

statements

and

any

such

forward-

looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking

statements speak only as of the date of this presentation and are based on current expectations and involve a number of

assumptions,

risks

and

uncertainties

that

could

cause

the

actual

results

to

differ

materially

from

such

forward-looking

statements. The company does not undertake to and specifically declines any obligation to publicly release the results of

any revisions to these forward-looking statements that may be made to reflect future events or circumstances after the date

of

such

statement

or

to

reflect

the

occurrence

of

anticipated

or

unanticipated

events.

The factors that could cause material differences in the expected results of RR Donnelley include, without limitation, the

following: the successful execution and integration of acquisitions and the performance of the company's businesses

following acquisitions; the ability to implement comprehensive plans for the execution of cross-selling, cost containment,

asset rationalization and other key strategies; competitive pressures in all markets in which the company operates; factors

that affect customer demand, including changes in postal rates and postal regulations, changes in the capital markets,

changes in advertising markets, the rate of migration from paper-based forms to digital format, customers' budgetary

constraints and customers' changes in short-range and long-range plans; shortages or changes in availability, or increases

in costs of, key materials (such as ink, paper and fuel); and other risks and uncertainties described in RR Donnelley's

periodic filings with the Securities and Exchange Commission (SEC). Readers are strongly encouraged to read the full

cautionary statements contained in RR Donnelley's filings with the SEC. RR Donnelley disclaims any obligation to update

or revise any forward-looking statements.