0001193125-26-054586
SEC filingDonnelley Financial Solutions, Inc. (DFIN) reported FY 2025 total net sales of $767.0M, with income from operations at $141.1M after total cost of sales of $280.4M, SG&A expenses of $277.9M, depreciation and amortization of $59.3M, restructuring charges of $10.4M, and other operating loss of $2.1M. Earnings before income taxes were $43.1M, impacted by a significant pension plan settlement charge of $82.8M, interest expense net of $12.9M, and investment income of $2.3M. Income tax expense was $10.7M, resulting in net earnings of $32.4M. Basic and diluted EPS were both $1, with weighted-average shares of 27.5M basic and 28.2M diluted. Balance sheet shows total assets of $800.4M, including goodwill $405.8M and software $92.9M, total liabilities $421.2M with long-term debt $165.5M, and equity $379.2M. Cash from operations was robust at $164.9M despite pension charge, offset by $57.0M investing outflows and $141.8M financing uses including $185.0M treasury repurchases, leading to cash decrease to $24.5M. Strong operating cash flow supports capital expenditures of $57.1M and shareholder returns, positioning DFIN for software-driven growth amid restructuring.
Donnelley Financial Solutions, Inc. (DFIN) delivered FY 2025 total net sales of $767.0M. Income from operations was $141.1M, reflecting total cost of sales $280.4M, selling, general and administrative expenses $277.9M, depreciation and amortization $59.3M, restructuring, impairment and other charges net $10.4M, and other operating loss net $2.1M. Earnings before income taxes totaled $43.1M after interest expense net -$12.9M, pension plan settlement charge -$82.8M, and investment and other loss income net -$2.3M. Income tax expense was $10.7M, yielding net earnings of $32.4M. Basic and diluted EPS both $1 on 27.5M basic and 28.2M diluted shares. Total assets grew to $800.4M from prior periods implied by receivables allowances decline from $25.0M to $20.9M and treasury shares increase. Equity stood at $379.2M after $185.0M repurchases. No prior year figures directly provided for YoY computation.
Total net sales for FY 2025 were $767.0M. No segment breakdown by product and service, software solutions, tech-enabled services, or print and distribution is disclosed in the XBRL data, with all listed as N/A. No geographic mix or specific growth drivers detailed in the provided filing content. Receivables net $143.0M after $20.9M allowance support sales activity.
Operating margin was 18.4% ($141.1M / $767.0M). Gross profit implied at $486.6M yields gross margin 63.4%. SG&A at 36.2% of sales, depreciation and amortization 7.7%. Restructuring charges $10.4M and pension settlement $82.8M pressured profitability. No prior year margins for comparison. Share-based compensation $31.4M noted in cash flows.
Net cash provided by operating activities was $164.9M, driven by net earnings $32.4M, depreciation $59.3M, share-based compensation $31.4M, despite pension charge -$82.8M non-cash. Receivables improved $15.2M. Investing used $57.0M mainly capital expenditures $57.1M. Financing used $141.8M including $185.0M treasury repurchases, net debt activity -$14.0M. Cash decreased $32.8M to $24.5M. Total current assets $211.4M vs liabilities $200.0M; long-term debt $171.3M total. Free cash flow approximated $107.8M (operating $164.9M less capex $57.1M). Liquidity solid with current ratio 1.06.
No management guidance, strategic priorities, or risk factors explicitly disclosed in the provided filing excerpt. Commitments and contingencies noted in Note 8 as N/A.