Donnelley Financial Solutions reports Q3 EPS 60c with items, consensus 60c

Reports Q3 revenue $180.0M, consensus $186.62M. Q3 EPS included after-tax charges of $3.6M, or 12c per diluted share, primarily related to share-based compensation expense. “We are pleased with our consolidated results for the third quarter, as we continued to execute our strategy to expand the adoption of our recurring regulatory and compliance offerings to drive more predictable performance. Total software solutions net sales increased 5.3%, or 6.8% on an organic basis, compared to the Q3 of 2022, similar to the growth rate we achieved in the Q2 of this year. Net sales of our recurring compliance software platform, which includes ActiveDisclosure and Arc Suite, increased by approximately 8% in aggregate, led by approximately 13% growth in Arc Suite net sales. Venue net sales grew nearly 9% in the Q3 and continued to deliver a much more consistent level of performance compared to the market for its primary use case, M&A” said Daniel N. Leib, DFIN‘s president and CEO.