Donnelley Financial Solutions, Inc. - DFIN STOCK NEWS

DFIN has been awarded the 2024 NOVA Award for Industry Innovation in Product Development by Nicsa for its exceptional response to the SEC's Tailored Shareholder Reports (TSR) rule. The company developed a TSR solution within ArcReporting®, their financial close and reporting platform, to address new SEC requirements aimed at simplifying shareholder communications for retail investors.

The solution helps investment management clients create, iXBRL-tag, and file TSRs on Form N-CSR, ensuring compliance with SEC regulations. ArcReporting offers automated processes for data ingestion, validations, auditing, iXBRL tagging, filing, and digital print-ready financial reports.

Donnelley Financial Solutions (NYSE: DFIN) has announced it will hold a conference call and webcast on Thursday, October 31, 2024, at 9:00 a.m. Eastern time to discuss its third-quarter fiscal year 2024 financial results. The company will provide a general business update and respond to analyst questions during the call. A live webcast will be available on DFIN's investor relations website, with registration required at least fifteen minutes before the event.

For those unable to attend live, a replay of the webcast will be accessible on the company's investor relations website following the conference call. DFIN's third-quarter financial report will be released before the market opens on October 31, 2024, via an SEC filing on Form 8-K and will also be posted on the investor relations website.

DFIN, a leading risk and compliance company, has been ranked #60 on Newsweek Magazine's America's Top Most Loved Workplaces® list for 2024. The list, expanded to include the Top 200 companies this year, recognizes organizations that prioritize employee sentiment and create workplaces that employees love.

The ranking was determined through a survey of over 2.6 million employees from various-sized businesses. Key areas measured included employees' feelings about their future at the company, career achievement, alignment of employer and employee values, respect at all levels, and collaboration. Additional factors such as inclusion, diversity, equity, belonging, career development, and company leadership were also analyzed.

DFIN CEO Dan Leib emphasized the company's commitment to creating an environment where employees are motivated and engaged to deliver their best work. The recognition reflects DFIN's dedication to putting respect, caring, and appreciation for employees at the center of their business model.

DFIN has released its 12th annual Guide to Effective Proxies, a comprehensive resource helping companies enhance their proxy statements for modern investors while adhering to SEC regulations. The guide showcases best practices from DFIN clients, setting new standards across industries. Key trends highlighted include:

1. Board diversity visualization
2. New cybersecurity disclosures
3. Shareholder engagement presentation
4. ESG initiatives and transparency
5. Universal Proxy Rule implementation

DFIN's ActiveDisclosure software facilitates innovative proxy statement creation, offering advanced design capabilities and seamless integration with Microsoft Office. A webcast on September 25, 2024, will demonstrate how to navigate and utilize the guide effectively.

DFIN's new survey reveals 94% of finance decision-makers rate their company's performance as strong, with 76% planning increased M&A activity in 2025. Key findings include:

1. 84% report a positive outlook on macroeconomic trends
2. Over 52% have invested in new technology to scale their business
3. AI is a top priority, with many planning to use it for data analysis and improving internal controls
4. 75% have taken steps to comply with proposed SEC climate-related disclosures
5. ESG is the second most prioritized compliance technology after AI

However, concerns persist about inflation, cybersecurity threats, and potential recession. The survey highlights a shift towards modernization and increased performance in finance offices, with companies leveraging AI and other advanced technologies for strategic growth and ESG compliance.

DFIN (NYSE: DFIN), a leading risk and compliance company, announced that a large Los Angeles-based asset manager successfully used its ArcReporting® SaaS solution to create, iXBRL-tag, and live-file a Tailored Shareholder Report (TSR) on Form N-CSR, complying with the SEC's new TSR rule. This achievement demonstrates DFIN's commitment to customer success and product innovation.

DFIN is the largest SEC EDGAR filer, handling nearly 40% of investment company filings annually. The enhanced ArcReporting solution, part of DFIN's Arc Suite®, allows clients to create, assemble, validate, and transmit N-CSR filings directly from the application. This streamlined process simplifies compliance with the new TSR rule, which aims to standardize shareholder communications for retail investors.

DFIN reported strong Q2 2024 results with net sales of $242.7 million, up 0.2% year-over-year. Net earnings increased 17% to $44.1 million, or $1.47 per diluted share. The company achieved record quarterly software solutions net sales of $85.6 million, up 13.1% from Q2 2023, now accounting for 35.3% of total net sales. Adjusted EBITDA grew 17.4% to $87.2 million, with margin expanding to 35.9%. Free Cash Flow improved significantly to $36.8 million. DFIN's strategic transformation continues, focusing on profitable recurring revenue growth, including opportunities from the Tailored Shareholder Reports regulation. The company maintains a strong financial position with gross leverage of 0.8x and net leverage of 0.6x.

Donnelley Financial Solutions (NYSE: DFIN) has announced it will release its second-quarter fiscal year 2024 financial results on Wednesday, July 31, 2024, before the market opens. The company will host a conference call and webcast at 9:00 a.m. Eastern time on the same day to discuss the results, provide a general business update, and answer analyst questions.

Investors can access the live webcast on DFIN's investor relations website. It's recommended to register and install any necessary audio software at least 15 minutes before the event starts. For those unable to attend live, a replay of the webcast will be available on the company's investor relations website after the conference call, along with the earnings press release and related financial tables.

Donnelley Financial Solutions (NYSE: DFIN) will be participating in several upcoming investor conferences, including the Needham Technology, Media, & Consumer Conference, B. Riley Securities Institutional Investor Conference, and Wolfe Research Small and Mid-Cap Conference. Key executives will be presenting and hosting investor meetings at these events. The live webcast of the Needham fireside chat will be available on the Company's Investor Relations home page.