Financial Data and Key Metrics Changes - The company reported net sales of $201.1 million for Q1 2025, a decrease of $2.3 million or 1.1% from Q1 2024 [19] - Adjusted EBITDA was $68.2 million, an increase of $13 million or 23.6% year-over-year, with an adjusted EBITDA margin of 33.9%, up approximately 680 basis points from the previous year [21][19] - Adjusted non-GAAP gross margin was 63.7%, approximately 310 basis points higher than Q1 2024, driven by a favorable sales mix and cost control initiatives [20] Business Line Data and Key Metrics Changes - Software Solutions net sales represented 42.1% of total net sales, an increase of approximately 260 basis points year-over-year [7] - ActiveDisclosure sales grew approximately 11% year-over-year, while Venue sales declined by approximately 9% [22] - The Investment Company Software Solutions segment saw net sales increase by 20.2% year-over-year, primarily driven by tailored shareholder report solutions [26] Market Data and Key Metrics Changes - Capital Markets Compliance revenue decreased by $7.8 million year-over-year, primarily due to the exit from low-margin proxy statement activities [25] - The global equity deal market showed modest recovery in January and February but faced increased volatility in March, impacting overall deal activity [25] - Approximately 75% of the company's revenue is based on recurring sources, providing stability during market volatility [14] Company Strategy and Development Direction - The company aims to derive approximately 60% of total net sales from Software Solutions by 2028, focusing on becoming a software-centric company [8] - Continued investment in software offerings and technologies, including automation and AI-driven tools, is a priority to support growth and operational efficiency [12] - The company is committed to maintaining a disciplined approach to capital allocation, including share repurchases and organic investments [32] Management's Comments on Operating Environment and Future Outlook - Management acknowledged uncertainty in the global operating environment but expressed confidence in the company's strong balance sheet and liquidity to execute its strategy [16] - The company does not anticipate significant operational impacts from recent tariffs due to its predominantly U.S.-based operations [13] - Future growth is expected to be supported by latent demand for transactions and a favorable regulatory landscape, although market volatility must subside for this to materialize [36] Other Important Information - The company amended and extended its credit agreement, providing for a $115 million Term Loan A and extending the maturity of a $300 million revolving credit facility [17] - Free cash flow for the quarter was negative $51 million, primarily due to unfavorable working capital timing [30] - The company repurchased approximately 861,000 shares for $41.8 million during the first quarter, with additional repurchases in April [31] Q&A Session Summary Question: What drove the higher margins and revenue performance? - Management attributed the higher margins to incremental cost reduction actions and higher capital markets transactional sales, which exceeded guidance [38][39] Question: Can you provide more detail on Q2 segment-level guidance? - Management expects ActiveDisclosure to continue performing well, while Venue will face tough comparisons. Compliance revenue is expected to decline modestly [42][43] Question: How has the active disclosure side performed in terms of market share? - Management noted continued progress in client growth and revenue retention, with a strong market position in active disclosure services [54][60] Question: What is the outlook for share repurchases? - Management indicated a consistent approach to being more aggressive at lower prices while maintaining share repurchases as a priority in capital deployment [79][82]

Financial Data and Key Metrics Changes - The company reported net sales of $201.1 million for Q1 2025, a decrease of $2.3 million or 1.1% from Q1 2024 [18] - Adjusted EBITDA was $68.2 million, an increase of $13 million or 23.6% year-over-year, with an adjusted EBITDA margin of 33.9%, up approximately 680 basis points from the previous year [20] - Adjusted non-GAAP gross margin was 63.7%, approximately 310 basis points higher than Q1 2024, driven by a favorable sales mix and cost control initiatives [18][19] Business Line Data and Key Metrics Changes - Software Solutions net sales represented 42.1% of total net sales, an increase of approximately 260 basis points from the previous year, with organic growth of about 6% [6][7] - ActiveDisclosure sales grew approximately 11%, while Venue sales declined by about 9% year-over-year [20][21] - Capital Markets Compliance and Communications Management segment net sales decreased by $7.2 million or 7.6% on an organic basis, primarily due to lower compliance volume [24] Market Data and Key Metrics Changes - Approximately 75% of the company's revenue is based on recurring sources, providing stability during market volatility [14] - The global deal environment remained soft, with capital markets transactional revenue at $48.6 million, a modest increase from the previous year [24] - The company maintained a strong market share despite the challenging transactional environment [24] Company Strategy and Development Direction - The company aims to derive approximately 60% of total net sales from Software Solutions by 2028, focusing on becoming a software-centric company [7] - Investments are being made in software offerings and technologies, including automation and AI-driven tools, to modernize operations and enhance client experience [12] - The company is prioritizing high-quality transactions and has seen a reduction in bad debt expense due to this strategy [19][38] Management's Comments on Operating Environment and Future Outlook - Management anticipates a challenging operating environment driven by market volatility and ongoing uncertainty, with expectations for Q2 2025 net sales in the range of $215 million to $235 million [31] - The company does not foresee significant impacts from recently announced tariffs due to its predominantly U.S.-based operations [13] - Management remains optimistic about the latent demand for transactions and a favorable regulatory landscape supporting future growth [15][34] Other Important Information - The company repurchased approximately 861,000 shares for $41.8 million during Q1 2025, with an additional 657,000 shares repurchased in April [30] - Free cash flow for the quarter was negative $51 million, primarily due to unfavorable working capital timing [28][29] - The company amended and extended its credit agreement, providing for a $115 million Term Loan A and extending the maturity of a $300 million revolving credit facility [16] Q&A Session Summary Question: What drove the higher margins and revenue performance? - Management attributed the higher margins to incremental cost reduction actions and higher capital markets transactional sales, which exceeded guidance [36][37] Question: Can you provide more detail on Q2 guidance by segment? - Management expects ActiveDisclosure to perform well, while Venue will face tough comparisons. Compliance revenue is expected to decline modestly [40][41] Question: How is the competitive landscape for ActiveDisclosure? - Management noted that they are seeing good progress in client acquisition and pricing, with a strong market position due to their ability to invest in software features [51][52] Question: What is the outlook for ARC Suite growth? - Management indicated that growth is expected to continue, driven by the tailored shareholder report regulation and strong fundamentals in the ARC Suite platform [67][70] Question: Will share buybacks continue at the current pace? - Management confirmed that they will remain aggressive with share repurchases at lower prices while maintaining a disciplined approach to capital deployment [77][81]

Investor Presentation April 2025 DFINsolutions.com © 2025 DFIN. All rights reserved This presentation is the intellectual property of DFIN. The ideas expressed in it may not be adopted or reproduced without prior permission from and compensation to DFIN. Forward Looking Statements and Use of Non-GAAP Financial Measures USE OF FORWARD-LOOKING STATEMENTS This presentation includes certain "forward-looking statements" within the meaning of, and subject to the safe harbor created by, Section 21E of the Securiti ...

Exhibit 99.1 DFIN Reports First-Quarter 2025 Results CHICAGO – April 30, 2025 – Donnelley Financial Solutions, Inc. (NYSE: DFIN) (the "Company" or "DFIN") today reported financial results for the first quarter of 2025. Highlights for the first quarter of 2025: (a) Adjusted EBITDA, Adjusted EBITDA margin, organic net sales, gross leverage and net leverage are non-GAAP financial measures that exclude the impact of certain items noted in the reconciliation tables below. The tables below provide reconciliations ...

Core Insights - Donnelley Financial Solutions, Inc. (DFIN) reported strong financial performance in Q1 2025, with Adjusted EBITDA of $68.2 million, a 23.6% increase year-over-year, and an Adjusted EBITDA margin of 33.9%, up approximately 680 basis points from the previous year [2][6][7]. Financial Performance - Net sales for Q1 2025 were $201.1 million, a decrease of $2.3 million, or 1.1%, from Q1 2024, primarily due to lower capital markets compliance volumes and Venue sales [4][6]. - Net earnings for Q1 2025 were $31.0 million, or $1.05 per diluted share, compared to $33.3 million, or $1.09 per diluted share, in Q1 2024 [5][6]. - The company achieved record software solutions net sales of $84.6 million, a 5.4% increase from Q1 2024, accounting for 42.1% of total net sales, up from 39.5% [6][8]. Strategic Focus - DFIN is focused on expanding the adoption of its software solutions, with a 5.8% organic increase in total software solutions net sales compared to Q1 2024 [3][6]. - The company aims to increase its recurring sales mix, manage costs aggressively, and allocate capital in a disciplined manner to enhance shareholder value [3][6]. Debt and Share Repurchase - DFIN amended its credit agreement to establish a $300 million revolving facility and a $115 million term loan A facility, using proceeds to retire existing debt [6][7]. - The company repurchased 861,301 shares for approximately $41.8 million at an average price of $48.57 per share, with a remaining share repurchase authorization of $49.5 million as of March 31, 2025 [6][7].

Company Overview - Donnelley Financial Solutions (DFIN) is a leading global provider of innovative software and technology-enabled financial regulatory and compliance solutions [4] - The company offers domain expertise, enterprise software, and data analytics for every stage of clients' business and investment lifecycles [4] Upcoming Financial Results - DFIN will hold a conference call and webcast on April 30, 2025, at 9:00 a.m. Eastern time to discuss its first-quarter fiscal year 2025 financial results [1] - The financial report for the first quarter will be released before the market opens on the same day via a filing with the SEC on Form 8-K [3] Investor Engagement - A live webcast of the call will be available on the company's investor relations website, and a replay will be accessible after the conference call [2] - Investors are encouraged to register and install necessary audio software at least fifteen minutes prior to the event [2]

Core Insights - DFIN has appointed Ayman Sayed, President and CEO of BMC Software Inc., to its board of directors, with his election set for the 2025 annual meeting [1][2] - Sayed brings extensive experience in software development and executive management, having achieved over 18 consecutive quarters of annual growth at BMC Software [2] - The board will maintain eight directors, with seven being independent, following the retirement of Charles D. Drucker [4] Group 1 - Ayman Sayed's appointment is expected to enhance DFIN's strategic execution and shareholder value through his insights on product innovation and growth strategies [2] - Sayed has a strong background in leading high-growth enterprise software companies and has previously held significant roles at CA Technologies and Cisco Systems [2][3] - The company is recognized for its innovative software and technology-enabled solutions in financial regulatory and compliance [4]

Core Insights - DFIN has launched the EDGAR Next Enrollment Portal to facilitate the transition to the SEC's new EDGAR Next filing framework, aimed at reducing administrative burdens for clients [1][3] - The SEC's final EDGAR Next rule, announced in September 2024, focuses on enhancing security, transparency, and accountability in EDGAR filings through new requirements [2] Company Developments - The EDGAR Next Enrollment Portal will go live on March 24, 2025, coinciding with the SEC enrollment window opening [1] - DFIN has been actively involved in the SEC's rulemaking process, providing recommendations to ensure a smooth transition for filers [3] Benefits of the New Portal - The portal offers step-by-step guidance to simplify the enrollment process and post-enrollment tasks [6] - It ensures a smooth transition to the new SEC rules without disrupting compliance [6] - Clients can continue to file through DFIN without changes to existing workflows, confirming early client feedback that the portal streamlines the transition [6]

Financial Data and Key Metrics Changes - In Q4 2024, consolidated net sales were $156.3 million, a decrease of $20.2 million or 11.4% from Q4 2023 [28] - Adjusted EBITDA for Q4 was $31.7 million, down $9.6 million from the previous year, with an adjusted EBITDA margin of 20.3%, a decrease of approximately 310 basis points year over year [31] - For the full year 2024, consolidated adjusted EBITDA was $217.3 million, an increase of $9.9 million or 4.8% year over year, with an adjusted EBITDA margin of 27.8%, approximately 180 basis points higher compared to 2023 [11][12] Business Line Data and Key Metrics Changes - Software solutions net sales for 2024 reached approximately $330 million, an increase of 13.8% from 2023, comprising about 42% of total net sales [13][15] - Event-driven transactional revenue decreased by approximately $20 million or 33% in Q4 compared to the same quarter last year [7] - Capital markets software solutions segment net sales were $50 million, an increase of 5.7% on an organic basis, driven by the performance of the recurring compliance product Active Disclosure [32] Market Data and Key Metrics Changes - The equity deal environment showed signs of improvement in Q4, with increases in the number of priced IPOs and completed public company M&A deals in the US compared to Q4 2023 [36] - Despite the increase in deal activity, overall transactional revenue was lower year over year due to declines in secondary offerings and de-SPAC transactions [36][38] - The Asia Pacific region experienced a decline in transactional revenue year over year, driven by limited market activity [37] Company Strategy and Development Direction - The company aims to accelerate the shift towards recurring SaaS revenue while maintaining share in traditional businesses, including transactions [23] - Continued investment in regulatory and compliance software platforms is planned to capture demand from future regulations [24] - The company is focused on disciplined capital allocation, balancing organic investments, share repurchases, and net debt reduction [45] Management's Comments on Operating Environment and Future Outlook - Management noted that macroeconomic headwinds, market volatility, and geopolitical factors are expected to weigh on the return to normalized deal activity [46] - The company remains optimistic about the growth trajectory of its recurring compliance software offerings, with expectations for solid growth in 2025 [47] - For Q1 2025, consolidated net sales are expected to be in the range of $190 million to $200 million, reflecting a decrease of approximately 4% compared to the same quarter last year [48] Other Important Information - Free cash flow for Q4 was $41.3 million, with full year free cash flow at $105.2 million, an increase of $43 million over 2023 [43] - The company repurchased approximately 282,000 shares during Q4, worth $17.4 million at an average price of $61.67 per share [44] Q&A Session Summary Question: Can you provide more color on results versus guidance and the key drivers behind the differential? - Management indicated that the biggest variance was in capital markets transactional revenue, which was off $10 million from guidance, impacting EBITDA margin expectations [56][58] Question: How will the company address future regulations and the potential impact from the reduction in ESG regulations? - Management stated that they are assessing proposed regulations and leveraging their platform to respond quickly to market needs, with minimal impact expected from changes in ESG regulations [60][66] Question: How long should the de-SPAC headwind be expected to continue? - Management noted that they are at the tail end of the de-SPAC market, having deprioritized low-quality deals, and expect to focus on higher quality opportunities moving forward [78][81] Question: What is the outlook for print and distribution revenue in 2025? - Management clarified that while a secular decline in print revenue is expected, specific variances will depend on market activity and event-driven transactions [86][88] Question: What is the update on capital allocation and pension termination? - Management confirmed that capital deployment priorities remain consistent, with plans to terminate the pension by the end of the year, though specific cash contributions are not yet estimated [90][91]

Core Insights - Donnelley Financial Solutions, Inc. (DFIN) reported financial results for Q4 and full year 2024, highlighting a shift towards software solutions as a key growth driver [1][4][5]. Financial Performance - Q4 2024 net sales were $156.3 million, a decrease of $20.2 million or 11.4% from Q4 2023, primarily due to reduced capital markets transactional revenue [6]. - Full-year 2024 organic software solutions net sales grew by 13.8%, totaling $329.7 million, which accounted for approximately 42% of total consolidated net sales, up from 37% in 2023 [5][11]. - Q4 2024 net earnings were $6.3 million, or $0.21 per diluted share, compared to $10.6 million, or $0.35 per diluted share in Q4 2023 [7][11]. - Adjusted EBITDA for Q4 2024 was $31.7 million, a decrease of $9.6 million from Q4 2023, with an Adjusted EBITDA margin of 20.3% [8][11]. Software Solutions Growth - The growth in software solutions net sales was led by recurring compliance software products, which saw an aggregate growth of approximately 19% in Q4 2024 [4]. - Software solutions net sales accounted for 52.2% of total Q4 net sales, indicating a strong shift towards software-centric offerings [11]. Cost Management and Profitability - The company achieved strong full-year profitability with $217.3 million in Adjusted EBITDA and a margin of 27.8%, both exceeding 2023 levels despite lower transactional revenue [5][11]. - Cost control initiatives and a favorable sales mix contributed to improved profitability metrics [8]. Cash Flow and Share Repurchase - Q4 2024 operating cash flow was $56.4 million, while free cash flow was $41.3 million [11]. - The company repurchased 281,753 shares for $17.4 million in Q4 2024, with a total of 947,288 shares repurchased for $58.7 million throughout the year [11]. Market Outlook - The company remains optimistic about capturing future opportunities in software solutions, despite uncertainties in transactional offerings [5]. - An uptick in capital markets transactional activity at the start of 2025 is viewed positively [5].