Donnelley Financial Solutions, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 07:01 am
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Donnelley Financial Solutions, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 180 million compared to USD 188.7 million a year ago. Net income was USD 18.1 million compared to USD 19.2 million a year ago. Basic earnings per share from continuing operations was USD 0.62 compared to USD 0.64 a year ago. Diluted earnings per share from continuing operations was USD 0.6 compared to USD 0.62 a year ago.
For the nine months, revenue was USD 620.7 million compared to USD 665.9 million a year ago. Net income was USD 71.6 million compared to USD 91.6 million a year ago. Basic earnings per share from continuing operations was USD 2.44 compared to USD 2.93 a year ago. Diluted earnings per share from continuing operations was USD 2.36 compared to USD 2.81 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.