Earnings Releases·Oct 29, 2026, 7:00 AM ET

Donnelley Financial Solutions — Third Quarter 2026 Earnings Summary

Total net sales increased 5.5% year-over-year to $185.0 million, while net earnings swung to a profit of $21.3 million ($0.85/share) from a $40.9 million loss in the prior year period; Adjusted EBITDA rose 9.9% to $54.4 million with margins expanding 120 basis points to 29.4%.
Operating cash flow and free cash flow grew 32.0% and 44.9% respectively to $98.2 million and $85.8 million, driven by operating efficiencies and disciplined working capital management, alongside a reduction in total debt from $171.3 million to $127.0 million.
The Company provided Q4 2026 guidance for net sales of $175–$180 million and an Adjusted EBITDA margin of 26–27%, noting that while overall market activity improved, capital markets deal volume moderated from first-half levels.
Strategic momentum continues with Software Solutions comprising 51.5% of sales and ActiveDisclosure growing approximately 24%, supported by the migration of traditional services to the software platform and a $6.9 million share repurchase program.