DFIN Q1 2026 Earnings Call Transcript

Image source: The Motley Fool.

DATE

Tuesday, May 5, 2026 astatine 9 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Daniel N. Leib

• Chief Financial Officer — David A. Gardella

• President, Capital Markets — Craig D. Clay

Need a punctuation from a Motley Fool analyst? Email [email protected]

Full Conference Call Transcript

Daniel N. Leib: And bully morning, everyone. We started 2026 by gathering connected the affirmative momentum successful our show from the 4th fourth of past year, delivering consolidated nett income growth, year-over-year maturation successful adjusted EBITDA, adjusted EBITDA borderline expansion, and improvements successful some operating currency travel and escaped currency flow. We delivered archetypal 4th nett income of $205.5 million, which accrued 2.2% compared to 2025. The operation of consolidated nett income maturation and outgo absorption yielded archetypal 4th adjusted EBITDA of $70.6 cardinal and adjusted EBITDA borderline of 34.4%, some of which are importantly stronger than humanities periods with akin gross profiles.

Importantly, our beardown operating show was successful the discourse of a volatile marketplace situation during the archetypal quarter, shaped by accrued macroeconomic uncertainty and escalating geopolitical conflicts. Our archetypal 4th results are further impervious points to the advancement of our translation and show the resiliency of our operating exemplary crossed assorted marketplace conditions arsenic our concern premix continues to transform. I americium encouraged by the continued maturation successful our bundle solutions offerings, wherever we delivered year-over-year nett income maturation of 8.4%.

Software Solutions nett income represented 44.6% of full nett income successful the archetypal quarter, an summation of astir 250 ground points from past year’s Software Solutions nett income mix, contempt a mean summation successful people and organisation nett income successful the archetypal 4th related to a ample peculiar proxy project. Despite this deal-related summation successful people and organisation income successful the archetypal quarter, our presumption connected the semipermanent secular diminution successful the request for printed products remains consistent, which we expect to beryllium successful the scope of 5% to 6% annually, with fluctuations based connected transactional volumes.

On a trailing four-quarter basis, Software Solutions nett income made up 47.4% of full nett sales, an summation of astir 460 ground points from the archetypal 4th 2025 trailing four-quarter period. This continued affirmative premix displacement positions america good to execute our semipermanent people of deriving astir 60% of full nett income from Software Solutions by 2028. A large operator of the archetypal 4th Software Solutions nett income maturation was the show of our recurring compliance bundle merchandise ActiveDisclosure, which posted astir 21% income growth, marking the sixth consecutive 4th of double-digit income growth.