Donnelley Financial Solutions reported a strong fourth quarter and full year 2021, marked by record full-year software sales, Adjusted EBITDA, Adjusted EBITDA margin and Free Cash Flow. The company's software solutions full-year net sales grew 35% from 2020, reaching $270 million.
Net sales increased by 10.7% to $232.8 million compared to Q4 2020, driven by growth in software solutions and strength in capital markets.
Software solutions net sales reached a record $73.8 million, a 36.2% increase from Q4 2020, accounting for 31.7% of total net sales.
Net earnings increased to $25.6 million, up $61.4 million from Q4 2020, driven by decreased restructuring charges, increased net sales, and a favorable sales mix.
Adjusted EBITDA increased by 75.6% to $61.3 million compared to Q4 2020, driven by higher net sales, a favorable sales mix, and cost control initiatives.
Looking ahead to 2022, the company remains committed to executing its strategy of being the market-leading provider of regulatory and compliance solutions.
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