DFIN Reports Third Quarter 2020 Results
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Donnelley Financial Solutions (DFIN) Tops Q3 EPS by 39c, Revenues Beat
November 4, 2020 7:09 AM ESTDonnelley Financial Solutions (NYSE: DFIN) reported Q3 EPS of $0.63, $0.39 better than the analyst estimate of $0.24. Revenue for the quarter came in at $209.5 million versus the consensus estimate of $193.4 million.
Third-quarter 2020 highlights:
Net sales of $209.5 million, up $13.6 million, or 6.9%, from the third quarter of 2019, driven by growth in software solutions and a strong IPO market, partially offset by declining print-based net salesRecord quarterly software solutions net sales of $51.1 million, up $4.5 million, or 9.7%, from the third quarter of 2019; software solutions net sales accounted for 24.4% of total third-quarter 2020 net sales, up 60 basis... More