NYSE$DFIN
Donnelley Financial Solutions Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Reported financial results for the fourth quarter and full year 2019.
Donnelley Financial Solutions reported a decrease in net sales and an increase in net earnings for the fourth quarter of 2019. The company's non-GAAP adjusted EBITDA margin improved due to cost savings initiatives and improved business mix. The company also announced a stock repurchase program and issued full-year 2020 guidance.
- GAAP fully diluted net earnings per share increased by $0.23 from the prior year, and non-GAAP fully diluted earnings per share increased by $0.28 from the prior year.
- Operating cash flow increased by 5.0% from the prior year, and free cash flow increased by 17.8% from the prior year.
- SaaS net sales reached a record quarterly amount of $49.8 million, accounting for 26.2% of total net sales.
- Non-GAAP adjusted EBITDA margin improved by 400 basis points from the prior year, driven by cost controls and an improved business mix.
Headline financials
Revenue & EPS history
Donnelley Financial Solutions · Revenue · Quarterly
$190M
Revenue by segment
Donnelley Financial Solutions · $180M total across 3 segments · Q3 2023
- Tech-enabled Services$80.4M-8.0%44.7%
- Software Solutions$73.2M+5.3%40.7%
- Print and Distribution$26.4M-17.0%14.7%
Forward guidance
The company provided full-year guidance for 2020.
Tailwinds
- Net Sales $860 to $880 million
- Non-GAAP adjusted EBITDA $140 to $145 million
- Operating cash flow $70 to $75 million
- Free cash flow $35 to $40 million
- Diluted share count Approximately 35 million
Headwinds
- Depreciation and amortization Approximately $55 million
- Interest expense Approximately $30 million
- Non-GAAP effective tax rate 29% to 31%
- Capital expenditures Approximately $35 million
- Excludes the impact of potential share repurchases
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2019
-2.6%
Avg return
Earnings day
-2.8%
Avg return
5 days after
-2.8%
Avg return
30 days after
40%
17 / 42 earnings
Positive
+25.5%
Q2 2022
Best reaction
-22.6%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.6% | -15.0% | -23.6% | |
| Q4 2025 | +12.3% | +21.2% | +20.0% | |
| Q3 2025 | -14.3% | -10.3% | -5.1% | |
| Q1 2025 | +3.9% | +11.6% | +17.4% | |
| Q4 2024 | -22.6% | -26.3% | -32.5% | |
| Q3 2024 | -11.6% | -9.5% | -5.7% | |
| Q2 2024 | -7.0% | -12.7% | -4.0% | |
| Q1 2024 | -0.6% | +0.6% | -2.9% | |
| Q4 2023 | +3.2% | +3.9% | +1.4% | |
| Q3 2023 | +1.8% | +1.3% | +6.9% | |
| Q2 2023 | +1.0% | +2.3% | +6.2% | |
| Q1 2023 | +1.6% | +1.7% | +8.9% | |
| Q4 2022 | -14.6% | -13.5% | -22.0% | |
| Q3 2022 | -18.9% | -16.9% | -8.9% | |
| Q2 2022 | +25.5% | +26.9% | +17.0% | |
| Q1 2022 | -14.6% | -12.2% | +0.4% | |
| Q4 2021 | -3.9% | +0.5% | +3.3% | |
| Q3 2021 | +15.4% | +23.0% | +12.5% | |
| Q2 2021 | +10.4% | +6.4% | +5.3% | |
| Q1 2021 | -16.4% | -14.2% | +1.1% | |
| Q4 2020 | +14.4% | +24.3% | +20.9% | |
| Q3 2020 | +2.6% | -0.1% | +22.4% | |
| Q2 2020 | +23.1% | +17.5% | +9.9% | |
| Q1 2020 | +13.1% | +0.3% | +35.6% | |
| Q4 2019 | +1.4% | +6.9% | -37.3% | |
| Q3 2019 | -16.4% | -14.1% | -10.4% | |
| Q2 2019 | -1.0% | -11.3% | -22.0% | |
| Q1 2019 | +6.4% | +2.1% | -18.3% | |
| Q4 2018 | -12.0% | -10.7% | -7.8% | |
| Q3 2018 | +6.9% | +7.3% | +1.1% | |
| Q2 2018 | -10.4% | -11.8% | +0.8% | |
| Q1 2018 | -7.3% | -7.8% | -17.8% | |
| Q4 2017 | -15.4% | -10.1% | -14.2% | |
| Q3 2017 | -8.2% | -12.6% | -4.5% | |
| Q2 2017 | -5.9% | -9.7% | -7.7% | |
| Q1 2016 | -2.2% | -1.4% | +2.6% | |
| Q1 2017 | +3.6% | -0.9% | +15.7% | |
| Q2 2016 | -13.9% | -18.4% | -25.9% | |
| Q4 2016 | -13.9% | -18.4% | -25.9% | |
| Q4 2014 | -13.9% | -18.4% | -25.9% | |
| Q4 2015 | -5.5% | -0.7% | -2.0% | |
| Q3 2016 | -5.5% | -0.7% | -2.0% | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — |
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