DFIN Q1 net sales $203.4M (+2.4%); EPS $1.09 vs $0.52 YoY; record software sales $80.3M

Donnelley Financial Solutions, Inc.

2024-Q1 EPS reported $1.09 revenue$203,400,000

Net sales $203.4M (+2.4% YoY); net earnings $33.3M ($1.09 diluted EPS) vs $15.8M ($0.52) prior year.
Adjusted EBITDA $55.2M (+30.2% YoY), margin 27.1% (+580 bps).
Software solutions net sales record $80.3M (+14.6% YoY), 39.5% of total sales.
Repurchased 139,893 shares for $8.8M at avg $62.61; remaining authorization $141.2M.
Operating cash flow improved to -$27.9M from -$51.5M; free cash flow -$40.2M vs -$62.1M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Donnelley Financial Solutions, Inc. reported first quarter ended March 31, 2024 results: revenue $203.4 million, net income $33.3 million, EPS $1.09 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $203.4 million
Net income: $33.3 million
EPS: $1.09 per diluted share
Result: reported results

Exact text from the filing

DFIN Reports First-Quarter 2024 Results CHICAGO – May 1, 2024 – Donnelley Financial Solutions, Inc. (NYSE: DFIN) (the “Company” or “DFIN”) today reported financial results for the first quarter of 2024. First-quarter 2024 First-quarter 2023 $ Change % Change Net Sales $203.4 million $198.6 million $4.8 million 2.4% Net Earnings $33.3 million $15.8 million $17.5 million 110.8% Adjusted EBITDA (a) $55.2 million $42.4 million $12.8 million 30.2% Operating Cash Flow (b) ($27.9 million) ($51.5 million) $23.6 million 45.8% Free Cash Flow (a) ($40.2 million) ($62.1 million) $21.9 million 35.3% Highlights for the first quarter of 2024: • Total net sales of $203.4 million, an increase of 2.4%, or 2.8% on an organic basis (a) , from the first quarter of 2023, driven by growth in software solutions and tech-enabled services, partially offset by lower print and distribution net sales. • Record quarterly software solutions net sales of $80.3 million, an increase of 14.6%, or 16.0% on an organic bas

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Source: SEC EDGAR

accession 0000950170-24-050884

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