Donnelley Financial Solutions (DFIN) Misses Q4 EPS by 21c, Revenues Miss; FY19 Revenue Guidance Below Consensus

Donnelley Financial Solutions (NYSE: DFIN) reported Q4 EPS of ($0.06), $0.21 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $200.3 million versus the consensus estimate of $209.04 million.

“We are pleased with the progress we made against the initiatives we shared at our Investor Day last May,” said Daniel N. Leib, DFIN\'s president and chief executive officer. “The investments that we have made in 2018 will help further propel us toward meeting our long-term strategic objectives.”

Leib continued, “The momentum of our SaaS offerings continues to build, as demonstrated by the 19.3% increase in fourth-quarter SaaS net sales. While we continue to look for opportunities to accelerate our strategic transformation, we remain disciplined in our approach to capital allocation, as reflected in our year-end net leverage of 2.0x.”

“Market volatility adversely impacted capital markets transactional activity in the latter half of the fourth quarter. Specifically, the global IPO market experienced a significant year-over-year decline in deal volume, and there were no high yield debt deals completed in December. The government shutdown negatively impacted activity at year end and into the first quarter. Since the SEC’s reopening in late January, we have seen robust market activity and good share performance that has resulted in a strong pipeline,” Leib concluded.

GUIDANCE:

Donnelley Financial Solutions sees FY2019 revenue of $910-940 million, versus the consensus of $940.32 million.

For earnings history and earnings-related data on Donnelley Financial Solutions (DFIN) click here.

You May Also Be Interested In

• Optimum Communications gets NYSE non-compliance notice over stock price
• Allarity reports Q2 2026 results, completes stenoparib manufacturing
• Delek Logistics closes $230M unit offering at $50 per unit