Donnelley Financial Solutions reports Q3 adjusted EPS 86c, consensus 57c

Reports Q3 revenue $175.3M, consensus $169.7M. “We are pleased with the results for the third quarter, as we continue to progress in our strategic transformation by delivering an improved sales mix, an increase in Adjusted EBITDA, and Adjusted EBITDA margin expansion compared to the third quarter of 2024. We experienced increased momentum in the growth of our software solutions net sales, which increased 10.3% versus the third quarter of 2024, driven by our recurring compliance products, ActiveDisclosure and Arc Suite, which grew approximately 16%, in aggregate. Venue, our virtual data room product, recorded sales growth of approximately 3%, an improvement compared to recent trend. In addition, during the third quarter, we launched new Venue following a comprehensive rebuild and have received very positive feedback in response to the most modern virtual data room on the market. Software solutions net sales accounted for 51.7% of total third-quarter net sales, up approximately 590 basis points from last year’s third-quarter sales mix and represented the majority of our overall quarterly net sales, another positive proof point of our software-centric strategy,” said Daniel N. Leib, DFIN‘s President and Chief Executive Officer.