DFIN Reports Third Quarter 2019 Results
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Donnelley Financial Solutions (DFIN) Misses Q3 EPS by 10c, Revenues Miss; Lowers FY19 Revenue Guidance Below Consensus
November 5, 2019 6:35 AM ESTDonnelley Financial Solutions (NYSE: DFIN) reported Q3 EPS of $0.13, $0.10 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $195.9 million versus the consensus estimate of $209.29 million.
Highlights:
Third-quarter net sales of $195.9 millionThird-quarter GAAP net earnings of $14.7 million, or $0.43 per diluted shareThird-quarter Non-GAAP adjusted EBITDA of $31.1 million, or 15.9% of net salesThird-quarter operating cash flow of $61.1 million; third-quarter free cash flow(1) of $52.2 millionCompleted a sale-leaseback of the Secaucus,... More
