Donnelley Financial Solutions(US:DFIN)2024-02-21 05:44Non-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]