DFIN•Donnelley Financial Solutions’ Q3 net sales rose 5.5% year over year, and adjusted EPS of $1.07 beat the $0.84 estimate. The company forecast Q4 net sales of $175 million to $180 million and an adjusted EBITDA margin of 26% to 27%.
Q3 adjusted EPS was $1.07, compared with an analyst estimate of $0.84. Net sales rose 5.5% year over year, driven primarily by software solutions sales, especially ActiveDisclosure, and higher capital markets transactional revenue as activity improved compared with Q3 last year.
The company expects Q4 net sales of $175 million to $180 million, an adjusted EBITDA margin of 26% to 27%, and capital markets transactional net sales of $50 million. It repurchased 146,672 shares for about $6.9 million in Q3.
