Donnelley Financial Solutions Inc (DFIN) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

and thank you for joining Donnelly Financial Solutions second quarter, 2025 results conference call. This morning we read our earnings report, including a set of supplemental trending schedules of historical results, copies of which can be found in the investor section of our website at definsolutions.com. During this call, we'll refer to forward looking statements that are subject to risks and uncertainties. For complete discussion, please refer to the cautionary statements included in our earnings release and further details in our most recent annual report on form 10K quarterly report on form 10Q and other filings with the SEC. Further, we will discuss certain non-GAAP financial information such as adjusted EBITDA and adjusted EBITDA margin. We believe the presentation of non-GAAP financial information provides you with useful supplementary information concerning the company's ongoing operations and is an appropriate way for you to evaluate the company's performance. They are however, provided for informational purposes only. Please refer to the earnings release and related tables for GAAP financial information and reconciliations of GAAP to non-GAAP financial information. I am joined this morning by Dan Lieb, Dave Gardella and other members of management. I will now turn the call over to Dan. Thank you, Mike. And good morning, everyone. We delivered solid second quarter results highlighted by record quarterly software solutions net sales, strong adjusted EBITDA margin and increases in both operating cashflow and free cashflow all in the context of a challenging yet improving environment. We posted approximately 8% sales growth in our software solutions, including approximately 15% sales growth in our recurring compliance software offerings all while continuing to...