Loading...
•
Sep 30, 2022
Donnelley Financial Solutions Q3 2022 Earnings Report
DFIN reported a decrease in net sales due to lower capital markets transactional volumes, but delivered record software solutions revenue and strong margin performance.
Key Takeaways
Donnelley Financial Solutions (DFIN) reported third-quarter results, featuring record software solutions revenue, driven by double-digit growth in recurring compliance software products. Despite a weaker capital markets environment, the company maintained a strong Adjusted EBITDA margin, demonstrating its ability to operate profitably.
Record third-quarter software solutions net sales of $69.5 million, accounting for 36.8% of total net sales, up from 28.0% in Q3 2021.
Net earnings were $19.2 million, or $0.62 per diluted share, with an Adjusted EBITDA of $45.3 million and an Adjusted EBITDA margin of 24.0%.
Third-quarter operating cash flow was $83.3 million, and Free Cash Flow was $68.7 million.
The company repurchased 959,579 shares for $32.3 million during the quarter.
Revenue by Segment
Forward Guidance
While the outlook for capital markets transactional activity remains uncertain, DFIN anticipates leveraging its financial flexibility to invest in a more favorable recurring sales mix, aggressively manage its cost structure, and remain disciplined in capital allocation.
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
Loading earnings performance data...
Loading earnings reaction data...