DFIN - Donnelley Financial Solutions, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$62.00
DETAILS
HIGH:
$62.00
LOW:
$62.00
MEDIAN:
$62.00
CONSENSUS:
$62.00
UPSIDE:
58.97%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||
| Revenue | 767 | 781.9 | 797.2 | 833.6 | 993.3 | 894.5 | 874.7 | 963 | 1,004.9 | 983.5 | 1,049.5 | 1,080.1 | 1,085.4 |
| Cost of Revenue | 280.4 | 297.9 | 333.3 | 370.2 | 413.1 | 496 | 542.4 | 587.3 | 621.4 | 619 | 631.5 | 653.3 | 684.8 |
| Gross Profit | 486.6 | 484 | 463.9 | 463.4 | 580.2 | 398.5 | 332.3 | 375.7 | 383.5 | 364.5 | 418 | 426.8 | 400.6 |
| Operating Expenses | |||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 277.9 | 290.9 | 282.1 | 264 | 307.7 | 264.8 | 205.8 | 258.2 | 236.2 | 210.8 | 199.2 | 290.5 | 189.7 |
| Other Expenses | 57.2 | 49.9 | 62 | 46.7 | 53.2 | 130.1 | 48 | (3.6) | 51.6 | 48.7 | 46.1 | 45.5 | 50.1 |
| Operating Expenses | 335.1 | 340.8 | 344.1 | 310.7 | 360.9 | 394.9 | 253.8 | 254.6 | 287.8 | 259.5 | 245.3 | 336 | 239.8 |
| Operating Income | |||||||||||||
| Operating Income | 151.5 | 143.2 | 119.8 | 152.7 | 219.3 | 3.6 | 78.5 | 121.1 | 95.7 | 105 | 172.7 | 90.8 | 160.8 |
| Interest Expense | 14 | 15.1 | 17.9 | 10 | 19.8 | 25.5 | 34 | 36.7 | 42.9 | 11.7 | 1.1 | 1.5 | 2.2 |
| Interest Income | 1.1 | 2.2 | 2.1 | 0.8 | 0.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||
| EBITDA | 123.2 | 209.7 | 192 | 212 | 275.2 | 82.2 | 157.8 | 185.2 | 143.6 | 149.3 | 214.5 | 134.6 | 198.2 |
| EBIT | 57.1 | 140.2 | 119.9 | 149.3 | 217.6 | 8 | 86.1 | 139.4 | 99.1 | 106 | 172.8 | 93.9 | 161.1 |
| Income Before Tax | 43.1 | 125.1 | 102 | 139.3 | 197.8 | (17.5) | 52.1 | 102.7 | 56.2 | 94.3 | 171.7 | 92.4 | 158.9 |
| Income Tax Expense | 10.7 | 32.7 | 19.8 | 36.8 | 51.9 | 8.4 | 14.5 | 29.1 | 46.5 | 35.2 | 67.4 | 35 | 62.6 |
| Net Income | 32.4 | 92.4 | 82.2 | 102.5 | 145.9 | (25.9) | 37.6 | 73.6 | 9.7 | 59.1 | 104.3 | 57.4 | 96.3 |
| Per Share Data | |||||||||||||
| EPS (Basic) | 1.18 | 3.16 | 2.81 | 3.33 | 4.36 | -0.76 | 1.10 | 2.18 | 0.29 | 1.81 | 3.22 | 1.77 | 2.97 |
| EPS (Diluted) | 1.15 | 3.06 | 2.69 | 3.17 | 4.14 | -0.76 | 1.10 | 2.16 | 0.29 | 1.80 | 3.19 | 1.76 | 2.94 |
| Shares Outstanding | 27.5 | 29.2 | 29.3 | 30.8 | 33.5 | 33.9 | 34.1 | 33.8 | 33.1 | 32.6 | 32.4 | 32.4 | 32.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 24.5 | 57.3 | 23.1 | 34.2 | 54.5 | 73.6 | 17.2 | 47.3 | 52 | 36.2 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 143 | 138 | 151.8 | 163.5 | 199.1 | 173.5 | 161.4 | 172.9 | 165.2 | 252.2 |
| Inventory | 0 | 4.4 | 0 | 7.9 | 5.6 | 4.9 | 11.1 | 12.1 | 23.3 | 24.1 |
| Other Current Assets | 43.9 | 13.4 | 20.4 | 10.6 | 9.5 | 8 | 11.9 | 16.7 | 29.6 | 0 |
| Total Current Assets | 211.4 | 232.5 | 208.5 | 228.4 | 279.7 | 267.2 | 211.2 | 249 | 270.1 | 329.6 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 16.4 | 21.2 | 29.9 | 50.9 | 61.3 | 64.5 | 98.2 | 32.2 | 34.7 | 35.5 |
| Goodwill | 405.8 | 405.4 | 405.8 | 405.8 | 410 | 409.9 | 450.3 | 450 | 447.4 | 446.4 |
| Intangible Assets | 92.9 | 96.5 | 87.6 | 83.4 | 72.4 | 61 | 76.9 | 85 | 81 | 95.9 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 30.2 | 29.6 | 29.3 | 26.4 | 28.2 | 29 | 41.3 | 42.8 | 38.1 | 34.5 |
| Total Non-Current Assets | 589 | 624.5 | 598.4 | 599.9 | 603.6 | 631.5 | 675.7 | 619.7 | 623.4 | 649.3 |
| Total Assets | 800.4 | 857 | 806.9 | 828.3 | 883.3 | 898.7 | 886.9 | 868.7 | 893.5 | 978.9 |
| Current Liabilities | ||||||||||
| Account Payables | 23.7 | 28.7 | 33.9 | 49.2 | 36.3 | 54.2 | 58.5 | 72.4 | 67.8 | 85.3 |
| Short-Term Debt | 9.7 | 13.1 | 0 | 0 | 0 | 19.8 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 52.6 | 46.8 | 46.1 | 36 | 21.7 | 0 | 16.1 | 0 | 0 |
| Other Current Liabilities | 166.6 | 56.8 | 62.5 | 65.7 | 85 | 32.6 | 21.4 | 29.9 | 27.2 | 23 |
| Total Current Liabilities | 200 | 224.1 | 201.6 | 224.8 | 261.4 | 238.5 | 179.5 | 198.4 | 187 | 186 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 168.8 | 124.7 | 124.5 | 169.2 | 124 | 230.5 | 296 | 362.7 | 458.3 | 587 |
| Deferred Tax Liabilities | 0 | 15.4 | 19.3 | 27.7 | 37.5 | 33.1 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 49.1 | 50.1 | 66.5 | 76.4 | 75.6 | 97.8 | 84.9 | 81.6 | 98.8 | 94.8 |
| Total Non-Current Liabilities | 221.2 | 196.8 | 203.1 | 274 | 244.9 | 412.4 | 438.8 | 444.3 | 557.1 | 681.8 |
| Total Liabilities | 421.2 | 420.9 | 404.7 | 498.8 | 506.3 | 650.9 | 618.3 | 642.7 | 744.1 | 867.8 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 |
| Retained Earnings | 560.9 | 528.5 | 436.1 | 353.9 | 251.4 | 105.5 | 131.9 | 94.3 | 8.9 | (0.8) |
| Accumulated Other Comprehensive Income | (19.6) | (81.9) | (77.9) | (83.2) | (78.3) | (80.8) | (84.6) | (82.7) | (64.6) | (68.3) |
| Total Stockholders' Equity | 379.2 | 436.1 | 402.2 | 329.5 | 377 | 247.8 | 268.6 | 226 | 149.4 | 111.1 |
| Total Liabilities & Equity | 800.4 | 857 | 806.9 | 828.3 | 883.3 | 898.7 | 886.9 | 868.7 | 893.5 | 978.9 |
| Debt Metrics | ||||||||||
| Total Debt | 181.8 | 144.4 | 153.1 | 215.9 | 187.2 | 301.3 | 376.5 | 362.7 | 458.3 | 587 |
| Net Debt | 157.3 | 87.1 | 130 | 181.7 | 132.7 | 227.7 | 359.3 | 315.4 | 406.3 | 550.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 32.4 | 92.4 | 82.2 | 102.5 | 145.9 | (25.9) | 37.6 | 73.6 | 9.7 | 59.1 |
| Depreciation & Amortization | 66.1 | 69.5 | 72.1 | 62.7 | 57.6 | 74.2 | 71.7 | 45.8 | 44.5 | 43.3 |
| Stock-Based Compensation | 31.4 | 25.2 | 22.5 | 19.3 | 19.5 | 13.6 | 8.9 | 9.2 | 6.8 | 2.5 |
| Change in Working Capital | (53.1) | (15.7) | (50.2) | (41.4) | (52.5) | 58.6 | (51.6) | (7.5) | 16.8 | 2.9 |
| Other Non-Cash Items | 98.1 | 9.1 | 12 | 7.6 | 9.8 | 60.1 | (14.6) | (65.3) | 1.2 | 3.2 |
| Operating Cash Flow | 164.9 | 171.1 | 124 | 150.2 | 180 | 154.2 | 54.5 | 66.3 | 91.4 | 106 |
| Investing Activities | ||||||||||
| Capital Expenditure | (57.1) | (65.9) | (61.8) | (54.2) | (42.3) | (31.1) | (44.8) | (37.1) | (27.8) | (26.2) |
| Acquisitions | 0 | 12.4 | 0.5 | 3.3 | (3.6) | 31.1 | (8.5) | 65 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | (1.2) | (2.3) | 0 | (3.4) | (3.5) |
| Sales/Maturities of Investments | 0.1 | 0.2 | 10 | 0 | 0 | 12.8 | 12.8 | 3.1 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0.9 | (31.4) | 30.6 | (0.8) | 0.2 | 0.4 |
| Investing Cash Flow | (57) | (53.3) | (51.3) | (50.9) | (45) | (19.8) | (12.2) | 30.2 | (31) | (29.3) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 44.5 | (2.9) | (47.4) | 43.2 | (113.6) | (63.8) | (72.5) | (97.5) | (129.9) | 289.4 |
| Stock Repurchased | (185) | (81.6) | (40.3) | (164.7) | (40.9) | (11.8) | (1.8) | (1.5) | (0.9) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (1.3) | 0 | 0 | 0 | (0.4) | (1.9) | (0.2) | (1.2) | 66.3 | (349.4) |
| Financing Cash Flow | (141.8) | (82.1) | (84.6) | (121.1) | (154.9) | (77.5) | (74.5) | (99) | (45.7) | (60) |
| Cash Position | ||||||||||
| Net Change in Cash | (32.8) | 34.2 | (11.1) | (20.3) | (19.1) | 56.4 | (30.1) | (4.7) | 15.8 | 21.1 |
| Cash at Beginning | 57.3 | 23.1 | 34.2 | 54.5 | 73.6 | 17.2 | 47.3 | 52 | 36.2 | 15.1 |
| Cash at End | 24.5 | 57.3 | 23.1 | 34.2 | 54.5 | 73.6 | 17.2 | 47.3 | 52 | 36.2 |
| Free Cash Flow | 107.8 | 105.2 | 62.2 | 96 | 137.7 | 123.1 | 9.7 | 29.2 | 63.6 | 79.8 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 767 | 781.9 | 797.2 | 833.6 | 993.3 | 894.5 | 874.7 | 963 | 1,004.9 | 983.5 | 1,049.5 | 1,080.1 | 1,085.4 |
| Gross Profit | 486.6 | 484 | 463.9 | 463.4 | 580.2 | 398.5 | 332.3 | 375.7 | 383.5 | 364.5 | 418 | 426.8 | 400.6 |
| Operating Income | 151.5 | 143.2 | 119.8 | 152.7 | 219.3 | 3.6 | 78.5 | 121.1 | 95.7 | 105 | 172.7 | 90.8 | 160.8 |
| Net Income | 32.4 | 92.4 | 82.2 | 102.5 | 145.9 | (25.9) | 37.6 | 73.6 | 9.7 | 59.1 | 104.3 | 57.4 | 96.3 |
| EPS (Diluted) | 1.15 | 3.06 | 2.69 | 3.17 | 4.14 | -0.76 | 1.10 | 2.16 | 0.29 | 1.80 | 3.19 | 1.76 | 2.94 |
| Balance Sheet | |||||||||||||
| Cash & Equivalents | 24.5 | 57.3 | 23.1 | 34.2 | 54.5 | 73.6 | 17.2 | 47.3 | 52 | 36.2 | |||
| Total Assets | 800.4 | 857 | 806.9 | 828.3 | 883.3 | 898.7 | 886.9 | 868.7 | 893.5 | 978.9 | |||
| Total Debt | 181.8 | 144.4 | 153.1 | 215.9 | 187.2 | 301.3 | 376.5 | 362.7 | 458.3 | 587 | |||
| Stockholders' Equity | 379.2 | 436.1 | 402.2 | 329.5 | 377 | 247.8 | 268.6 | 226 | 149.4 | 111.1 | |||
| Cash Flow | |||||||||||||
| Operating Cash Flow | 164.9 | 171.1 | 124 | 150.2 | 180 | 154.2 | 54.5 | 66.3 | 91.4 | 106 | |||
| Capital Expenditure | (57.1) | (65.9) | (61.8) | (54.2) | (42.3) | (31.1) | (44.8) | (37.1) | (27.8) | (26.2) | |||
| Free Cash Flow | 107.8 | 105.2 | 62.2 | 96 | 137.7 | 123.1 | 9.7 | 29.2 | 63.6 | 79.8 | |||