Donnelley Financial Solutions (DFIN) reported first-quarter results with total net sales of $211.0 million. Software solutions net sales increased by 15.8% year-over-year, reaching $69.8 million. Net earnings were $26.4 million, or $0.77 per diluted share, and Adjusted EBITDA was $51.1 million with a margin of 24.2%.
Record first-quarter software solutions net sales of $69.8 million, an increase of 15.8% from the first quarter of 2021.
Total net sales of $211.0 million.
Net earnings of $26.4 million, or $0.77 per diluted share; Adjusted EBITDA of $51.1 million and Adjusted EBITDA margin of 24.2%.
The Company repurchased 1,227,303 shares for $42.1 million during the first quarter.
The Company expects nearly 60% of total sales to be from software solutions by 2026, with a financial profile consistent with such a sales mix.
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