CHICAGO, May 6, 2024 /PRNewswire/ -- Donnelley Financial Solutions (NYSE: DFIN), a leading global risk and compliance solutions company, announced today that company management will participate in the following upcoming conferences:19th Annual Needham Technology, Media, & Consumer Conference – Tuesday, May 14, 2024 in New York City. Dan Leib, CEO, and Dave Gardella, CFO will participate in a fireside chat at 11:45 AM EST and host investor meetings.24th Annual B. Riley Securities Institutional Investor Confe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-37728 Donnelley Financial Solutions, Inc. (Exact name of registrant as specified in its charter) Delaware 36-4829638 (State or other jurisdiction of incorporation or organizat ...

Donnelley Financial Solutions, Inc. (NYSE:DFIN) Q1 2024 Earnings Conference Call May 1, 2024 9:00 AM ET Company Participants Mike Zhao - Head, Investor Relations Dan Leib - Chief Executive Officer, Board Member Dave Gardella - Chief Financial Officer Eric Johnson - President of Global Investment Companies Craig Clay - President of Global Capital Markets Conference Call Participants Charles Strauzer - CJS Securities Pete Heckmann - D. A. Davidson Kyle Peterson - Needham Raj Sharma - B. Riley Securities Opera ...

Donnelley Financial Solutions (DFIN) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.98%. A quarter ago, it was expected that this financial communications and data services provider would post earnings of $0.62 per share when it actually produced earnings of $0.61, delivering a su ...

Revenue Growth and Sales Performance - Total net sales increased by 2.4% to $203.4 million in Q1 2024, driven by growth in software solutions and tech-enabled services, partially offset by lower print and distribution net sales[6] - Net sales for Q1 2024 increased to $203.4 million, up from $198.6 million in Q1 2023[26][28] - Total net sales increased to $203.4 million in Q1 2024 from $198.6 million in Q1 2023, reflecting a 2.4% growth[41] - Software solutions net sales reached a record $80.3 million, up 14.6% YoY, accounting for 39.5% of total net sales, an increase of 420 basis points from Q1 2023[6] - Software Solutions segment net sales increased by 14.6% to $80.3 million in Q1 2024, up from $70.1 million in Q1 2023[34] - Software solutions net sales rose to $80.3 million in Q1 2024, a 14.6% increase from $70.1 million in Q1 2023[41] - Tech-enabled Services segment net sales grew by 5.7% to $82.9 million in Q1 2024, compared to $78.4 million in Q1 2023[34] - Tech-enabled services net sales grew to $82.9 million in Q1 2024, up 5.7% from $78.4 million in Q1 2023[41] - Print and Distribution segment net sales declined by 19.8% to $40.2 million in Q1 2024, down from $50.1 million in Q1 2023[34] - Print and distribution net sales declined to $40.2 million in Q1 2024, down 19.8% from $50.1 million in Q1 2023[41] - Net organic sales change for the consolidated company was 2.8% in Q1 2024, driven by growth in Software Solutions and Tech-enabled Services[34] - The eBrevia disposition had a year-over-year impact of $(0.6%) on net sales for Q1 2024[34] - Total net sales for the twelve months ended March 31, 2024 were $802.0 million, down from $821.2 million in 2023[37] - Tech-enabled services revenue for the twelve months ended March 31, 2024 was $341.4 million, down from $367.6 million in 2023[37] - Software solutions revenue for the twelve months ended March 31, 2024 was $302.9 million, up from $279.9 million in 2023[37] - Print and distribution revenue for the twelve months ended March 31, 2024 was $157.7 million, down from $173.7 million in 2023[37] Profitability and Earnings - Net earnings surged 110.8% to $33.3 million, or $1.09 per diluted share, compared to $15.8 million, or $0.52 per diluted share, in Q1 2023[6] - GAAP net income for Q1 2024 was $33.3 million, compared to $15.8 million in Q1 2023[26] - Net earnings for Q1 2024 increased to $33.3 million, up from $15.8 million in Q1 2023, reflecting a significant year-over-year growth[30] - Net earnings more than doubled to $33.3 million in Q1 2024 from $15.8 million in Q1 2023[41] - Diluted earnings per share increased to $1.09 in Q1 2024 from $0.52 in Q1 2023[41] - Net earnings for the twelve months ended March 31, 2024 were $99.7 million, compared to $91.9 million for the same period in 2023[37] Adjusted EBITDA and Margins - Adjusted EBITDA increased by 30.2% to $55.2 million, with Adjusted EBITDA margin expanding to 27.1%, up 580 basis points from Q1 2023[6] - Adjusted EBITDA for Q1 2024 was $55.2 million, compared to $42.4 million in Q1 2023[28] - Adjusted EBITDA for the twelve months ended March 31, 2024 was $220.2 million, up from $209.6 million in 2023[37] - Adjusted EBITDA margin for the twelve months ended March 31, 2024 was 27.5%, up from 25.5% in 2023[37] - Non-GAAP operating margin for Q1 2024 was 20.3%, up from 15.1% in Q1 2023[26] - Gross margin improved to 54.1% in Q1 2024 compared to 48.7% in Q1 2023[41] - Non-GAAP gross margin increased to 60.6% in Q1 2024 from 54.5% in Q1 2023[41] - Operating margin significantly improved to 21.9% in Q1 2024 from 7.5% in Q1 2023[41] Cash Flow and Liquidity - Operating Cash Flow improved by $23.6 million and Free Cash Flow improved by $21.9 million compared to Q1 2023[6] - Net cash used in operating activities for Q1 2024 was $27.9 million, compared to $21.5 million in Q1 2023[30] - Free Cash Flow for Q1 2024 was $(40.2) million, an improvement from $(62.1) million in Q1 2023[31] - Total liquidity as of March 31, 2024 was $262.7 million, compared to $218.3 million as of March 31, 2023[39] Segment Performance - Capital Markets - Compliance and Communications Management segment generated $91.1 million in net sales with a 42.4% operating margin in Q1 2024[28] - Investment Companies - Software Solutions segment reported $27.3 million in net sales with a 13.9% operating margin in Q1 2024[28] - Capital Markets - Software Solutions segment reported a 21.3% increase in net sales to $53.0 million in Q1 2024, up from $43.7 million in Q1 2023[34] - Investment Companies - Compliance and Communications segment saw a 7.0% decline in net sales to $32.0 million in Q1 2024, down from $34.4 million in Q1 2023[34] Share Repurchase and Leverage - The company repurchased 139,893 shares for approximately $8.8 million at an average price of $62.61 per share during Q1 2024[6] - The remaining share repurchase authorization was $141.2 million as of March 31, 2024[6] - Gross leverage stood at 0.9x and net leverage at 0.7x as of March 31, 2024[6] - Non-GAAP Gross Leverage as of March 31, 2024 was 0.9x, down from 1.1x as of March 31, 2023[39] - Non-GAAP Net Leverage as of March 31, 2024 was 0.7x, down from 1.0x as of March 31, 2023[39] Expenses and Other Financial Metrics - Total capital expenditures for Q1 2024 were $12.3 million, up from $10.6 million in Q1 2023[28] - Share-based compensation expense increased to $5.1 million in Q1 2024 from $4.3 million in Q1 2023[26][28] - Depreciation and amortization expenses rose to $13.9 million in Q1 2024 from $12.4 million in Q1 2023[28] - The company recorded a $9.8 million gain on sale of long-lived assets in Q1 2024[26][28] - Effective tax rate rose to 19.6% in Q1 2024 compared to 13.2% in Q1 2023[41] Product and Market Performance - Venue, the virtual dataroom product, grew approximately 43% YoY, contributing to a 16.0% organic growth in software solutions net sales[4] - Capital markets transactional revenue increased by $7 million, or 17%, compared to Q1 2023, reflecting improving market activity[4]

CHICAGO, April 23, 2024 /PRNewswire/ -- Donnelley Financial Solutions (NYSE: DFIN), a leading provider of risk and compliance solutions, today announced it has met another major milestone in advance of the July 24 compliance deadline for the Tailored Shareholder Reports (TSR) rule. DFIN, the provider of industry-leading financial software, successfully test filed a full Form N-CSR based on the new regulatory requirements, including an iXBRL-tagged TSR, via its proprietary SaaS solution ArcReporting® to the ...

CHICAGO, April 17, 2024 /PRNewswire/ -- Donnelley Financial Solutions (NYSE: DFIN) will hold a conference call and webcast on Wednesday, May 1, 2024, at 9:00 a.m. Eastern time to discuss its first-quarter fiscal year 2024 financial results, provide a general business update and respond to analyst questions. A live webcast of the call will also be available on the Company's investor relations website. Please visit investor.dfinsolutions.com at least fifteen minutes prior to the start of the event to register ...

CHICAGO, April 9, 2024 /PRNewswire/ -- Donnelley Financial Solutions (NYSE: DFIN), a leading provider of risk and compliance solutions, today announced it has met a critical milestone in advance of the July 24 compliance deadline for the Tailored Shareholder Reports (TSR) rule.  DFIN, the provider of industry-leading financial software, successfully test filed a full N-CSR based on the new regulatory requirements, including an iXBRL tagged TSR, to the U.S. Securities and Exchange Commission (SEC) on behalf ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to fin ...

ActiveDisclosure Enables Collaboration; Delivers Audit-Ready ReportsCHICAGO, March 7, 2024 /PRNewswire/ -- Donnelley Financial Solutions (NYSE: DFIN), a leading risk and compliance company, makes complying with the U.S. Securities and Exchange Commission's (SEC) new climate-related disclosure mandate easy and cost-effective. "The SEC's announcement ends the years-long speculation of what will be required of companies when reporting corporate climate impact. DFIN is already helping our clients manage and re ...