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Jun 30, 2021
Donnelley Financial Solutions Q2 2021 Earnings Report
Donnelley Financial Solutions reported an increase in net sales and adjusted EBITDA, driven by strength in capital markets and software solutions growth.
Key Takeaways
Donnelley Financial Solutions (DFIN) reported a 5.3% increase in net sales to $267.5 million and a 31.4% increase in Adjusted EBITDA to $79.9 million for the second quarter of 2021. The growth was primarily driven by continued strength in capital markets and growth in software solutions net sales.
Net sales increased by 5.3% to $267.5 million compared to Q2 2020, driven by capital markets and software solutions.
Software solutions net sales reached a record $66.6 million, up 39.9% year-over-year.
Net earnings increased to $42.9 million, up from a net loss of $1.3 million in Q2 2020.
Adjusted EBITDA increased by 31.4% to $79.9 million, with an Adjusted EBITDA margin of 29.9%.
Revenue by Segment
Forward Guidance
DFIN is seeing continued momentum from the start of Q3 including strength in the transactional environment. The company is well positioned to capture acquisition activity from the SPAC market and capture additional ActiveDisclosure software subscription sales.
Positive Outlook
- Ongoing positive market response to software solutions.
- Sales momentum across software solutions offerings accelerated.
- Strength in the transactional environment.
- Robust pipeline of clients seeking acquisition opportunities in the SPAC market.
- Well positioned to capture additional ActiveDisclosure software subscription sales.
Challenges Ahead
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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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