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Jun 30, 2020
Donnelley Financial Solutions Q2 2020 Earnings Report
Donnelley Financial Solutions reported strong performance driven by capital markets transactional activity and cost control initiatives.
Key Takeaways
Donnelley Financial Solutions reported second-quarter net sales of $254.0 million, a decrease of 1.9% year-over-year. GAAP net loss was $1.3 million, or $0.04 per diluted share, while non-GAAP fully diluted earnings per share were $0.87, up $0.13 from the second quarter of 2019. Adjusted EBITDA was $60.8 million, up 8.4% from the second quarter of 2019, with an Adjusted EBITDA margin of 23.9%.
Net sales increased significantly from the outlook provided on the first-quarter earnings call, driven by stronger than anticipated capital markets transactional activity.
Software solutions net sales accounted for 18.7% of total net sales, up 20 basis points from the second quarter of 2019.
Non-GAAP fully diluted earnings per share increased by $0.13 from the second quarter of 2019, primarily due to cost control initiatives and an improved business mix.
Adjusted EBITDA margin improved by 220 basis points from the second quarter of 2019.
Revenue by Segment
Forward Guidance
The combination of our market position, cost structure and strong balance sheet positions us well heading into the back half of the year and into 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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