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Mar 31, 2024
Donnelley Financial Solutions Q1 2024 Earnings Report
Donnelley Financial Solutions reported an increase in net sales and adjusted EBITDA, driven by growth in software solutions and tech-enabled services.
Key Takeaways
Donnelley Financial Solutions (DFIN) reported a 2.4% increase in net sales to $203.4 million for the first quarter of 2024, driven by growth in software solutions and tech-enabled services. Adjusted EBITDA increased by 30.2% to $55.2 million, with an Adjusted EBITDA margin of 27.1%. Net earnings were $33.3 million, or $1.09 per diluted share.
Total net sales increased by 2.4% to $203.4 million, or 2.8% on an organic basis, driven by software solutions and tech-enabled services.
Software solutions net sales reached a record $80.3 million, up 14.6% (16.0% organically), accounting for 39.5% of total net sales.
Net earnings rose to $33.3 million, or $1.09 per diluted share, compared to $15.8 million, or $0.52 per diluted share, in the first quarter of 2023.
Adjusted EBITDA increased by 30.2% to $55.2 million, with Adjusted EBITDA margin expanding to 27.1%.
Revenue by Segment
Forward Guidance
DFIN's focus remains on investing to drive toward a more recurring sales mix, aggressively managing its cost structure, and allocating capital in a disciplined manner to deliver sustainable, long-term value.
Positive Outlook
- Investing to drive toward a more recurring sales mix.
- Aggressively managing the cost structure.
- Allocating capital in a disciplined manner.
- Delivering sustainable, long-term value for clients.
- Delivering sustainable, long-term value for employees and shareholders.
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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