DFIN Q3 net earnings fall to $8.7 million from $18.1 million; sales nearly flat
DFIN reported third-quarter 2024 results on October 31, 2024. Net sales were nearly flat at $179.5 million, but net earnings fell to $8.7 million from $18.1 million, and Adjusted EBITDA dropped $6.2 million, mainly due to higher compensation-related expense and lower capital markets activity. For shareholders, the profit decline outweighed record software solutions growth of 12.3%.
Key points
- Net sales of $179.5 million, down 0.3% from $180.0 million; software solutions rose 12.3% to $82.2 million, a record third quarter.
- Net earnings of $8.7 million, or $0.29 per diluted share, versus $18.1 million, or $0.60 per diluted share, a year earlier.
- Adjusted EBITDA of $43.2 million, down $6.2 million; Adjusted EBITDA margin of 24.1%, down about 330 basis points.
- Repurchased 208,254 shares for about $13.3 million in the quarter; $108.7 million remained under the authorization as of September 30, 2024.
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing 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 October 31, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.