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Donnelley Financial Solutions, Inc. (DFIN) is a leading global risk and compliance solutions company, offering regulatory filing and deal solutions through its software-as-a-service (SaaS), technology-enabled services, and print and distribution solutions. Serving public and private entities, mutual funds, and other investment firms, DFIN operates in four main segments: Capital Markets - Software Solutions, Capital Markets - Compliance and Communications Management, Investment Companies - Software Solutions, and Investment Companies - Compliance and Communications Management. The company's geographical footprint spans the United States, Europe, Asia, Canada, and other regions, with the US contributing the largest portion of its revenue.
DFIN's commitment to providing domain expertise, enterprise software, and data analytics at every stage of the business and investment lifecycles is evident as markets fluctuate, regulations evolve, and technology advances. Notably, in 2023, DFIN reported strong performance with a 5.4% growth in organic consolidated net sales in the fourth quarter, driven by its Venue data room offering and Arc Suite software solutions. Additionally, the company achieved significant milestones, such as the successful test filing of iXBRL tagged Tailored Shareholder Reports (TSR) to the SEC, demonstrating leadership in navigating complex regulatory changes.
Financially, DFIN reported robust results for the third quarter of 2023, with Adjusted EBITDA increasing by 9.1% and a margin expansion to 27.4%. The company continues to focus on expanding recurring revenue streams, evidenced by an 8% increase in compliance software platforms like ActiveDisclosure and Arc Suite. Looking forward, DFIN is poised to benefit from new regulations like TSR, expected to boost net sales by $20-$25 million annually by 2025, with a half-year impact in 2024.
DFIN is steadfast in delivering confidence with the right solutions in critical moments. The company stays ahead by integrating innovative technology into its offerings, ensuring compliance and risk management are seamlessly managed for its clients. For more information, visit DFINsolutions.com or follow them on LinkedIn and X (formerly Twitter) @DFINSolutions.
Donnelley Financial Solutions (DFIN) announced its ActiveDisclosure software and Venue virtual data room have won awards at the 2023 Global InfoSec Awards during the RSA Conference. ActiveDisclosure received recognition for Cutting Edge Security Solutions, while Venue was honored as Publisher's Choice for Virtual Directory Services. These accolades underscore DFIN's commitment to cybersecurity and compliance in a complex regulatory landscape. ActiveDisclosure simplifies SEC filings and regulatory reporting, ensuring compliance with advanced data security features. Venue serves as a secure platform for document storage and sharing, trusted by Fortune 1000 companies and various organizations. DFIN continues to prioritize client satisfaction and product innovation.
Donnelley Financial Solutions (NYSE: DFIN) will host a conference call and webcast on May 3, 2023, at 9:00 a.m. Eastern time to discuss its first-quarter fiscal year 2023 financial results. The event aims to provide a business update and field analyst questions. Investors can register for the live webcast on the company's investor relations website. The financial report will be released before market opening on the same day via a filing with the SEC on Form 8-K. A replay of the conference call will be available post-event on the investor relations site, along with the earnings press release and related financial tables.