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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) reported a record net sales of $211.0 million for Q1 2022, despite a 14% decline from Q1 2021 due to decreased capital market activity. Software solutions net sales rose 15.8% to $69.8 million, now comprising 33.1% of total sales. Net earnings were $26.4 million, or $0.77 per diluted share, down from $35.2 million in Q1 2021. Adjusted EBITDA stood at $51.1 million, a decrease of $20 million year-over-year. Looking ahead, DFIN aims for 44% of sales from software solutions by 2024, targeting 60% by 2026.
Donnelley Financial Solutions (NYSE: DFIN) announced its ActiveDisclosure solution has achieved 'Built for NetSuite' status, enhancing financial reporting. This SuiteApp, developed on the Oracle NetSuite SuiteCloud Platform, aims to streamline financial and regulatory reporting for organizations from private companies to IPO. With improved collaboration and compliance, ActiveDisclosure is designed to meet strict regulatory requirements and boost operational efficiencies. It provides a powerful, integrated solution for global companies seeking to optimize their financial reporting processes.
Donnelley Financial Solutions (DFIN) has been awarded the title of 'U.S.A. M&A Virtual Data Room Firm of the Year' for the sixth consecutive year by Global M&A Network at the 13th annual M&A Atlas Awards. The recognition highlights DFIN's Venue® solution, which enhances due diligence processes and minimizes risks in M&A transactions. Key features of Venue include advanced security, AI-powered analytics, and efficient multi-deal management tools. DFIN aims to provide a robust platform that supports clients in closing deals more quickly and securely.
Donnelley Financial Solutions (DFIN) will hold a conference call on May 5, 2022, at 9:00 a.m. Eastern time to discuss its first-quarter fiscal year 2022 financial results. The company will provide a business update and answer analyst questions. A live webcast will be available on DFIN's investor relations website. The financial report will be released before the market opens on the same day via a filing with the SEC on Form 8-K.
Donnelley Financial Solutions (DFIN) reported fourth-quarter 2021 net sales of $232.8 million, a 10.7% increase year-over-year, driven by software solutions growth. Net earnings reached $25.6 million, recovering from a loss of $35.8 million in Q4 2020. Adjusted EBITDA surged 75.6% to $61.3 million, yielding a margin of 26.3%. For the full year, net sales totaled $993.3 million, an 11.0% rise from 2020, alongside net earnings of $145.9 million. DFIN authorized a $150 million stock repurchase program, emphasizing shareholder value.
Donnelley Financial Solutions (NYSE: DFIN) is scheduled to report its fourth-quarter fiscal year 2021 financial results on February 22, 2022, before market opening. A conference call and webcast will take place at 9:00 a.m. Eastern time on the same day to discuss these results and provide a business update. The call can be accessed via the company's investor relations website, where a replay will also be available. The financial report will be filed with the SEC on Form 8-K and posted online.
On January 24, 2022, Donnelley Financial Solutions (DFIN) released its Winter DealMaker Meter report, forecasting robust acquisition activity primarily in the telecom, media, and technology sectors. The report projects that North America will lead with a hot IPO market, as 79% of respondents affirm its growth. The report underscores the rising importance of ESG strategies, with 89% agreeing it plays a crucial role in dealmaking. DFIN aims to assist businesses in navigating M&A trends and capitalizing on favorable market conditions.
Donnelley Financial Solutions (DFIN), a leader in risk and compliance solutions, will participate in the CJS Securities 22nd Annual New Ideas for the New Year Conference on January 12, 2022 at 8:45 AM EST. The conference will be conducted virtually, and a live webcast can be accessed through the Company's Investor Relations page. A replay will also be available on the website. DFIN specializes in providing comprehensive risk and compliance solutions to clients worldwide.
Donnelley Financial Solutions (NYSE: DFIN) announced the acquisition of Guardum, a data security and privacy software provider, on December 13, 2021. This strategic move enhances DFIN's software portfolio by improving data security, regulatory compliance, and data accuracy. Guardum's tools enable faster data localization and redaction, crucial for meeting stringent regulations like CCPA and GDPR. The integration aims to reduce compliance costs, improve efficiency by up to 93%, and bolster security measures. DFIN's president highlighted the acquisition as pivotal in addressing current challenges in regulatory compliance.
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