Donnelley Financial Solutions Q3 2025 Earnings Report

Donnelley Financial Solutions, Inc. (DFIN) reported its financial results for the third quarter of 2025. The company posted a GAAP net loss of $40.9 million, or $1.49 per diluted share, compared to net earnings of $8.7 million, or $0.29 per diluted share, in the same quarter of 2024. The net loss was primarily due to a non-cash charge of $82.8 million related to the termination and settlement of the company's primary defined benefit plan. On a non-GAAP basis, net earnings were $23.7 million, or $0.86 per diluted share, compared to $14.3 million, or $0.48 per diluted share, in the prior year. Adjusted EBITDA increased to $49.5 million, up $6.3 million from the third quarter of 2024, driven by higher software solutions net sales and cost control initiatives. Software solutions net sales grew 10.3% year-over-year to $90.7 million, accounting for 51.7% of total net sales. The company also repurchased 659,367 shares for approximately $35.5 million during the quarter. Looking ahead, DFIN provided guidance for the fourth quarter of 2025, expecting total net sales between $150 million and $160 million, and an Adjusted EBITDA margin of 22% to 24%.