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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 robust third quarter for 2021, with net sales reaching $247.7 million, an increase of 18.2% year-over-year. Net earnings surged to $42.2 million, a significant rise from $7.1 million in Q3 2020. Key drivers include record software solutions sales of $69.3 million, accounting for 28% of total net sales, as print volumes declined. Adjusted EBITDA reached $82.5 million, marking a 73.3% increase with a margin of 33.3%. The company anticipates further impacts from recent regulatory changes but remains optimistic about continued growth in its software offerings.
Donnelley Financial Solutions (NYSE: DFIN) has partnered with the Hong Kong FinTech Week 2021 Global Fast Track program, aimed at accelerating fintech growth. The initiative will showcase 120 selected fintechs, with winners announced during the event from November 1-5, 2021. DFIN will provide these winners with complimentary access to its Venue® Virtual Data Room and consultation services, enhancing their market readiness. This collaboration emphasizes DFIN's commitment to supporting emerging fintech companies and leveraging its technologies for their growth.
Donnelley Financial Solutions (DFIN) will announce its third-quarter fiscal year 2021 financial results on November 3, 2021, before market opening. A conference call and webcast will follow at 9:00 a.m. Eastern time, offering a business update and Q&A session for analysts. The financial report will also be filed with the SEC on Form 8-K and available on DFIN's investor relations website. Investors can access a replay of the call and related materials post-event.
Donnelley Financial Solutions (DFIN) has announced a strategic partnership with Tipalti, a global payables automation platform, to provide an end-to-end solution that enhances accounts payable (AP) and financial reporting processes. This collaboration aims to expedite cash flow and simplify the filing process for companies preparing for IPOs. DFIN's extensive expertise in IPO preparedness combined with Tipalti’s technology will streamline compliance requirements, helping clients efficiently navigate their financial journeys from S-1 to IPO.
Donnelley Financial Solutions (DFIN) has released its 2021 Guide to Effective Proxies, marking its ninth edition. This guide provides insights on designing proxy statements to communicate essential business objectives to investors while complying with SEC regulations. It highlights key investor topics, including ESG issues, Human Capital Management (HCM), and the importance of transparency in executive leadership. Additionally, the guide emphasizes the need for resilience in business practices, particularly in light of the global pandemic. DFIN will host a webcast on September 28, 2021, to discuss the guide's contents.
Donnelley Financial Solutions (NYSE: DFIN) announced a notice for the redemption of $233 million in 8.250% Senior Notes due 2024 on October 15, 2021. The redemption price is set at 102.063% of the principal, plus any accrued interest. The redemption will be financed through a $200 million draw on a term loan facility and cash reserves. This refinancing is projected to save approximately $14 million in annual interest costs. The notes are managed by DTC, so holders need not take action for payment.
Donnelley Financial Solutions (DFIN) announced a strategic partnership with Diligent Corporation to provide organizations with comprehensive financial and governance tools aimed at facilitating smoother IPO preparations. This partnership addresses regulatory challenges through improved governance and compliance practices, helping companies establish board structures and meet SEC filing requirements. With DFIN's financial expertise and Diligent's governance capabilities, the solution is designed to empower businesses to scale confidently and mitigate compliance risks before going public.
Donnelley Financial Solutions (DFIN) reported strong second-quarter results with net sales of $267.5 million, a 5.3% increase year-over-year, propelled by a rise in capital markets and software solutions sales. Net earnings surged to $42.9 million compared to a loss in the same period last year, driven by reduced restructuring costs and a favorable sales mix. Adjusted EBITDA rose to $79.9 million, marking a 31.4% increase. Operating cash flow improved significantly, reaching $30.6 million. However, the company anticipates reduced print-related sales by about $130 million to $140 million due to regulatory changes.
Donnelley Financial Solutions (NYSE: DFIN) will hold a conference call and webcast on August 4, 2021, at 9:00 a.m. Eastern time to discuss its second-quarter fiscal results. The financial report will be released before the market opens on the same date via SEC filing on Form 8-K. Investors can access the live webcast on the company's investor relations website. A replay will also be available after the call. DFIN specializes in risk and compliance solutions, providing expertise and analytics throughout investment lifecycles.
Donnelley Financial Solutions (NYSE: DFIN) launched ContractTracker, an AI-powered software designed for small and medium-sized businesses (SMBs) to enhance contract management efficiency. ContractTracker enables users to review contracts in minutes, achieving up to 90% faster data extraction while improving accuracy. The solution facilitates better decision-making by uncovering hidden clauses and opportunities, allowing for streamlined contract management. Available now, ContractTracker promises to save time and money for SMBs, helping them focus on core operations.
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