Donnelley Financial Solutions, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 20, 2024 at 07:01 am EST
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Donnelley Financial Solutions, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 176.5 million compared to USD 167.7 million a year ago. Net income was USD 10.6 million compared to USD 10.9 million a year ago. Basic earnings per share from continuing operations was USD 0.36 compared to USD 0.37 a year ago. Diluted earnings per share from continuing operations was USD 0.35 compared to USD 0.36 a year ago.
For the full year, revenue was USD 797.2 million compared to USD 833.6 million a year ago. Net income was USD 82.2 million compared to USD 102.5 million a year ago. Basic earnings per share from continuing operations was USD 2.81 compared to USD 3.33 a year ago. Diluted earnings per share from continuing operations was USD 2.69 compared to USD 3.17 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.