DFIN Beats Q2 Estimates With $224.2 Million Revenue as 15% Print Decline Clouds Outlook
Updated
Updated · Yahoo Finance · Aug 1
DFIN Beats Q2 Estimates With $224.2 Million Revenue as 15% Print Decline Clouds Outlook
1 articles · Updated · Yahoo Finance · Aug 1
Summary
$224.2 million in Q2 revenue and $1.76 adjusted EPS both topped Wall Street estimates, with sales up 2.8% from a year earlier and profit beating consensus by 7.8%.
Nearly $100 million of software sales drove the beat, as ActiveDisclosure and other digital compliance tools gained adoption while clients shifted more regulatory work online.
Print and distribution revenue fell 15%, however, and management said that secular decline—accelerated by regulatory changes—tempered overall performance even as operating margin held at 25%.
Q3 guidance of about $180 million was roughly in line with analyst expectations, with DFIN betting software growth, resilient capital-markets activity and possible SEC e-delivery rules will offset further print erosion.