Donnelley Financial Solutions Sets Q4 Sales Range at $175 Million to $180 Million

Donnelley Financial Solutions, Inc. (DFIN) expects fourth-quarter net sales of $175 million to $180 million and a 26% to 27% adjusted EBITDA margin, including $50 million in capital-markets transactional sales. The projected margin range is below the company’s third-quarter adjusted EBITDA margin of 29.4%. Third-quarter results also included 5.5% sales growth. ActiveDisclosure grew about 24% and exceeded $100 million in revenue over the trailing four quarters. The fourth-quarter outlook assumes somewhat stronger initial public offering activity than in Q3 and similar merger and acquisition activity.

Source: TokenPost