DFIN
Donnelley Financial Solutions, Inc.45.40
+0.84+1.89%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.25BP/E (TTM)
40.54Basic EPS (TTM)
1.12Dividend Yield
0%Recent Filings
8-K
Pension plan termination finalized
Donnelley Financial Solutions completed the termination of its frozen primary defined benefit pension plan in Q3 2025, settling obligations via $12.5 million cash contribution, lump sums to participants, and an irrevocable group annuity from a third-party insurer. This triggers an $83 million pre-tax non-cash charge from unrealized losses, yet removes a $10 million net liability—$200 million obligations offset by $190 million assets—from the balance sheet. Settlement bolsters financial flexibility. Risks tied to insurer's state guarantees linger.
8-K
DFIN Q2 sales dip, software surges
Donnelley Financial Solutions reported Q2 2025 net sales of $218.1 million, down 10.1% from last year due to lower capital markets transactional volumes and print demand, yet software solutions hit a record $92.2 million, up 7.7% and now 42.3% of total sales. Net earnings fell to $36.1 million from $44.1 million, but Adjusted EBITDA held at $76.3 million with a 35.0% margin, bolstered by cost controls and recurring revenue growth in ActiveDisclosure and Arc Suite. Free cash flow surged 40.5% to $51.7 million. Software drives resilience amid market uncertainty.
10-Q
Q2 FY2025 results
DFIN's Q2 revenue dipped 10.1% y/y to $218.1M, driven by softer tech-enabled services and print volumes in capital markets and investment companies, yet software solutions grew 7.7% y/y on stronger Arc Suite and ActiveDisclosure uptake. Operating income fell 18.1% y/y to $52.8M, with gross margins holding steady amid cost controls, while diluted EPS slid to $1.28 from $1.47, aligning with 28.2M shares. Cash from operations hit $30.7M YTD, funding $30M capex and $88.7M buybacks; free cash flow stood at $0.7M YTD (derived). Debt totals $190.1M under the new $300M revolver, with $221.5M available. Software shines amid market volatility. Yet competition pressures pricing in fragmented services.
8-K
Annual meeting and repurchase authorization
Donnelley Financial Solutions held its annual stockholder meeting on May 14, 2025, electing all eight director nominees with strong support and approving executive compensation, an amendment to the 2016 Performance Incentive Plan, and Deloitte & Touche as auditors for fiscal 2025. The board then authorized a fresh $150 million share repurchase program on May 15, effective through December 31, 2026, replacing one with $15 million left. Management will time buybacks amid market conditions. This signals confidence in valuation.
10-Q
Q1 FY2025 results
DFIN's Q1 FY2025 net sales dipped 1.1% y/y to $201.1M, with software solutions up 5.4% y/y to $84.6M on stronger Tailored Shareholder Reporting and ActiveDisclosure, yet tech-enabled services fell 7.7% y/y to $76.5M from lower capital markets compliance volumes. Operating income edged up 2.7% y/y to $45.8M, aided by cost cuts that trimmed total cost of sales 8.9% y/y and SG&A 9.6% y/y, though absent last year's $9.8M land sale gain. Diluted EPS slid to $1.05 from $1.09, aligning with 29.5M weighted shares. Cash equivalents stood at $16.2M, with $189.5M total debt under a fresh $300M revolver (7.0% rate, $224M available) and $115M term loan (6.5% rate, maturing 2030); free cash flow was negative at $(51.0M) (derived). Restructuring hit $2.9M for 40 terminations. Market volatility tempers transactional demand.
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