DFIN Q4 2025 net sales rise 10.4% to $172.5 million; full-year net earnings fall 64.9%
DFIN reported fourth-quarter 2025 net sales of $172.5 million, up 10.4%, and Adjusted EBITDA of $45.8 million, up 44.5%, while GAAP net earnings of $6.2 million were roughly flat against $6.3 million a year earlier. For the full year, net sales fell 1.9% to $767.0 million and net earnings fell 64.9% to $32.4 million, reflecting an $82.8 million pension plan settlement charge. The company guided first-quarter 2026 total net sales to $200 million to $210 million.
Key points
- Q4 2025 net sales were $172.5 million, up 10.4% from $156.3 million in Q4 2024, led by software solutions growth of 11.4%.
- Q4 2025 GAAP net earnings were $6.2 million, or $0.23 per diluted share, versus $6.3 million, or $0.21, in Q4 2024.
- Full-year 2025 net earnings were $32.4 million versus $92.4 million in 2024, including an $82.8 million pension plan settlement charge.
- First-quarter 2026 guidance: total net sales of $200 million to $210 million and Adjusted EBITDA margin of 33% to 35%.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:58 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 February 17, 2026.
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.