Donnelley Financial Solutions(US:DFIN)2025-04-30 12:12Company Overview - DFIN is a leader in assisting companies with their regulatory reporting requirements[9] - DFIN's portfolio of software solutions and regulatory experts support corporations and money managers in SEC compliance document creation, formatting, filing, and distribution[10] - Approximately 80% of the top 50 global fund complexes work with DFIN[10] Financial Performance & Metrics - Q1 2025 TTM net sales reached $779.6 million[12, 25] - Q1 2025 TTM Adjusted EBITDA was $230.3 million, resulting in a 29.5% margin[12, 19, 25] - Q1 2025 TTM Free Cash Flow was $94.4 million[25] - Net leverage as of March 31, 2025, was 0.8x[14, 25, 51] - Software sales in Q1 2025 TTM reached $334 million[14] Capital Allocation & Shareholder Value - From 2020 to 2024, the company repurchased 8.3 million shares for $276.4 million, at an average price of $33.42 per share[48] - A $150 million share repurchase program is in place, expiring December 31, 2025[49] Segment Performance (Q1 2025 TTM) - Capital Markets segment net sales were $527 million, with an EBITDA of $178 million and a 34% margin[12] - Investment Companies segment net sales were $253 million, with an EBITDA of $90 million and a 36% margin[12]