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Mar 31, 2023
Donnelley Financial Solutions Q1 2023 Earnings Report
Donnelley Financial Solutions reported mixed results for Q1 2023, with software solutions growth offset by transactional revenue decline.
Key Takeaways
Donnelley Financial Solutions reported a decrease in total net sales by 5.9% to $198.6 million, impacted by lower capital markets transactional volumes. Software solutions net sales increased by 0.4% to $70.1 million. Net earnings were $15.8 million, or $0.52 per diluted share. Adjusted EBITDA was $42.4 million with a margin of 21.3%.
Total net sales decreased by 5.9% to $198.6 million due to lower capital markets transactional volumes.
Software solutions net sales increased by 0.4% to $70.1 million, representing 35.3% of total net sales.
Net earnings were $15.8 million, or $0.52 per diluted share, compared to $26.4 million, or $0.77 per diluted share, in Q1 2022.
Adjusted EBITDA was $42.4 million with an Adjusted EBITDA margin of 21.3%.
Revenue by Segment
Forward Guidance
The company focuses on driving towards a more recurring sales mix, aggressively managing its cost structure, and allocating capital in a disciplined manner.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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