Donnelley Financial Solutions (DFIN) reported a decrease in net sales for Q4 2022, primarily due to lower capital markets transactional volumes. However, software solutions net sales increased, making up 41.0% of total net sales. The company's Adjusted EBITDA margin was 23.4%.
Software solutions net sales accounted for 41.0% of total net sales, up from 31.7% in Q4 2021.
Net earnings were $10.9 million, or $0.36 per diluted share.
Adjusted EBITDA was $39.3 million with an Adjusted EBITDA margin of 23.4%.
Free Cash Flow was $58.5 million.
DFIN is focused on driving a more favorable sales mix of recurring software with high-quality margins, managing costs in a disciplined manner, and enhancing financial flexibility.
Visualization of income flow from segment revenue to net income
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