Donnelley Financial Solutions, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 02, 2023 at 07:00 am
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Donnelley Financial Solutions, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 242.1 million compared to USD 266.2 million a year ago. Net income was USD 37.7 million compared to USD 46 million a year ago. Basic earnings per share from continuing operations was USD 1.28 compared to USD 1.46 a year ago. Diluted earnings per share from continuing operations was USD 1.24 compared to USD 1.42 a year ago.
For the six months, revenue was USD 440.7 million compared to USD 477.2 million a year ago. Net income was USD 53.5 million compared to USD 72.4 million a year ago. Basic earnings per share from continuing operations was USD 1.83 compared to USD 2.25 a year ago. Diluted earnings per share from continuing operations was USD 1.76 compared to USD 2.17 a year ago.
Donnelley Financial Solutions, Inc. is a provider of software and technology-enabled financial regulatory and compliance solutions. The Company provides regulatory filing and deal solutions through its software, technology-enabled services and print and distribution solutions. Its segments include Capital Markets-Software Solutions (CM-SS), Capital Markets-Compliance and Communications Management (CM-CCM), Investment Companies-Software Solutions (IC-SS) and Investment Companies-Compliance and Communications Management (IC-CCM). CM-SS segment provides software solutions to public and private companies. CM-CCM segment provides technology-enabled services and print and distribution solutions to public and private companies. The IC-SS segment provides software solutions that enable clients to store and manage compliance and regulatory information. IC-CCM segment provides clients with tech-enabled solutions for creating, filing and distributing regulatory communications.