DFIN Q1 2024 net earnings rise to $33.3 million; net sales up 2.4% to $203.4 million
DFIN reported first-quarter 2024 results on May 1, 2024, with net sales of $203.4 million, up 2.4% from the first quarter of 2023, and net earnings of $33.3 million, or $1.09 per diluted share, up from $15.8 million, or $0.52 per diluted share. Adjusted EBITDA rose 30.2% to $55.2 million, and the company said software solutions growth and a higher-margin sales mix drove the improvement.
Key points
- Net sales $203.4 million, up 2.4% (2.8% organic); software solutions net sales rose 14.6% to $80.3 million
- Net earnings $33.3 million, or $1.09 per diluted share, versus $0.52 a year earlier; includes an after-tax benefit of $5.5 million, mainly from a gain on the sale of land
- Adjusted EBITDA $55.2 million, up 30.2%; operating cash flow was negative $27.9 million, improved from negative $51.5 million; share repurchases totaled about $8.8 million with $141.2 million remaining authorization at March 31, 2024
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.