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 ...

Non-GAAP Financial Measures & Forward-Looking Statements - The presentation includes forward-looking statements provided on a non-GAAP basis only, without GAAP reconciliation due to "unreasonable efforts"[3, 4] - DFIN uses non-GAAP financial measures like Adjusted EBITDA, Organic Net Sales to assess financial performance[4] - These non-GAAP measures exclude certain costs, expenses, gains, and losses not indicative of ongoing operations[4] - Free Cash Flow is defined as net cash flow from operating activities less capital expenditures[4] - Organic net sales is reported net sales adjusted for foreign currency changes and the impact of acquisitions and dispositions[4] Consolidated Financial Performance - Consolidated Non-GAAP Adjusted EBITDA for 2023 is $207.4 million [10] - Non-GAAP Adjusted EBITDA Margin % for 2023 is 26%[10] - Consolidated Net Sales for 2023 is $797.2 million[26] - Trailing 4-Quarter % of Net Sales: Software solutions is 37%, Tech-enabled services is 42%, Print and distribution is 21%[11, 28] Segment Performance (2023) - Capital Markets - Software Solutions net sales is $185.9 million[46] - Capital Markets - Compliance & Communications Management net sales is $355.4 million[46] - Investment Companies - Software Solutions net sales is $106.8 million[24] - Investment Companies - Compliance & Communications Management net sales is $149.1 million[24]

Financial Data and Key Metrics Changes - In Q4 2023, consolidated net sales were $176.5 million, an increase of $8.8 million or 5.2% year-over-year, driven by higher sales in Investment Companies Compliance and Communications Management segments [52][41] - Adjusted EBITDA for Q4 was $41.3 million, a 5.1% increase from the previous year, with an adjusted EBITDA margin of 23.4%, consistent with Q4 2022 [21][54] - Free cash flow for the quarter was $56 million, a decrease of $2.5 million compared to Q4 2022, primarily due to higher capital expenditures [29] Business Line Data and Key Metrics Changes - Software solutions net sales reached approximately $293 million for the full year, a 7% organic increase from 2022, with Venue dataroom revenue growing nearly 11% to approximately $110 million [4][43] - Capital Markets Software Solutions segment net sales were $48 million in Q4, a 12.4% organic increase, driven by Venue's growth [22] - Recurring compliance product ActiveDisclosure, including File 16, saw a decline of approximately 2% in Q4, primarily due to lower Section 16 filing activity [23] Market Data and Key Metrics Changes - The overall event-driven revenue decreased by approximately 18% year-over-year, reflecting continued weakness in capital markets [11][3] - The company expects the Tailored Shareholder Reports to generate $20 million to $25 million in revenue for 2025, with a half-year impact anticipated in 2024 [13] Company Strategy and Development Direction - The company is transitioning towards a higher mix of predictable revenue, with expectations that by 2028, 80% of revenue will come from recurring and reoccurring sources [34] - The focus remains on accelerating the growth of recurring revenue while maintaining share in traditional businesses, with continued investments in regulatory and compliance software [37][65] - The company plans to invest approximately $60 million annually from 2024 to 2028 to support long-term organic growth [35] Management's Comments on Operating Environment and Future Outlook - Management noted that macroeconomic headwinds and geopolitical factors are expected to continue affecting deal activity levels [31] - The company anticipates consolidated first-quarter net sales in the range of $210 million to $220 million, implying an 8% growth compared to the first quarter of the previous year [31] - Management expressed confidence in the company's ability to create value for stakeholders through disciplined capital allocation and strategic investments [36][78] Other Important Information - The company completed the sale of eBrevia, resulting in a pretax loss of $6.1 million, as it was deemed to have limited standalone value [17][49] - A new share repurchase program of up to $150 million was authorized, reflecting the company's commitment to driving shareholder value [50] Q&A Session Summary Question: How sustainable is the growth in Venue given the volatility of the M&A market? - Management indicated that Venue's growth is more stable than the broader M&A market, with a 26% growth in Q4 despite a sluggish market [83] Question: Can you provide more color on the assumptions baked into your near-term guidance? - Management noted that while they anticipate a significant percentage increase in transactional revenue, it will still be below historical averages [87] Question: How does the Tailored Shareholder Reports revenue opportunity compare to the overall market potential? - Management believes their integrated compliance solution positions them well to achieve targeted market results, leveraging their full spectrum of services [92] Question: What is the expected margin contribution from Tailored Shareholder Reports in 2025? - Management expects the margin to be above historical print margins, estimating an incremental margin of 40% to 50% [107]

Donnelley Financial Solutions (DFIN) came out with quarterly earnings of $0.61 per share, missing the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.61%. A quarter ago, it was expected that this financial communications and data services provider would post earnings of $0.52 per share when it actually produced earnings of $0.72, delivering a su ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 35 West Wacker Drive, Chicago, Illinois 60601 (Address of principal executive offices) (ZIP Code) Registrant's telephone number, including area code—(800) 823-5304 Securit ...

CHICAGO, Dec. 20, 2023 /PRNewswire/ -- Donnelley Financial Solutions (NYSE: DFIN), a leading global risk and compliance solutions company, announced today that company management will speak at the CJS Securities 24th Annual New Ideas for the New Year Conference on January 10, 2024 at 2:20 PM EST. The event will be held virtually and a link to the live webcast of the presentation will be available on the Company's Investor Relations home page at investor.dfinsolutions.com. For those unable to listen live, a ...

Donnelley Financial Solutions, Inc. (NYSE:DFIN) Q3 2023 Results Conference Call November 1, 2023 9:00 AM ET Company Participants Mike Zhao - Head-IR Dan Leib - CEO Dave Gardella - CFO Craig Clay - President Eric Johnson - President, Global Investment Companies Conference Call Participants Charlie Strauzer - CJS Securities Pete Heckmann - D. A. Davidson Sam Salvas - Needham & Company Raj Sharma - B. Riley Operator Thanks for standing by, and welcome to the Donnelley Financial Solutions Third Quarter 2023 Ea ...

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 September 30, 2023 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 organ ...