Donnelley Financial Solutions reported a net loss of $40.9 million for the third quarter of 2025, primarily due to an $82.8 million non-cash charge from a pension plan settlement. Despite this, the company saw strong performance in its software solutions, which grew by 10.3% and accounted for over half of total net sales. Adjusted EBITDA increased by 14.6% to $49.5 million, with the Adjusted EBITDA margin expanding to 28.2%, reflecting a favorable sales mix and cost control initiatives.
Software solutions net sales increased by 10.3% to $90.7 million, representing 51.7% of total net sales.
The company reported a GAAP net loss of $40.9 million, or $1.49 per diluted share, largely due to an $82.8 million non-cash pension plan settlement charge.
Non-GAAP net earnings rose to $23.7 million, or $0.86 per diluted share, compared to $14.3 million, or $0.48 per diluted share, in the prior year.
Adjusted EBITDA grew by 14.6% to $49.5 million, with the Adjusted EBITDA margin expanding by 410 basis points to 28.2%.
For the fourth quarter of 2025, Donnelley Financial Solutions expects total net sales to be between $150 million and $160 million, with an Adjusted EBITDA margin of 22% to 24%. Capital markets transactional net sales are projected to be $30 million to $40 million.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance