CHICAGO--(BUSINESS WIRE)--
Donnelley Financial Solutions, Inc. (NYSE: DFIN) (“the Company”), a
full-service solutions provider for regulatory compliance, capital
markets transactions, shareholder communications and language
localization, today announced that it has begun operating as a
standalone public company following the completion of its tax-free
spin-off from R.R. Donnelley & Sons Company (NYSE: RRD). Starting today,
Donnelley Financial Solutions will begin “regular-way” trading on the
New York Stock Exchange (“NYSE”) under the ticker symbol “DFIN.”
“As a standalone company, Donnelley Financial Solutions will be best
positioned to help our clients respond to the complex regulatory
environment,” said Daniel N. Leib, Chief Executive Officer of Donnelley
Financial Solutions. “With our deep domain expertise, suite of
innovative technological solutions and history of service excellence, we
remain committed to delivering an exceptional client experience on our
global delivery platform. Our strong free cash flow and disciplined
approach to capital deployment will allow us to invest appropriately to
grow our business while maintaining a strong financial profile. With the
best employees in the business, I am confident that we will be able to
deliver value for our clients and our shareholders alike.”
Donnelley Financial Solutions helps clients create, securely store,
localize, analyze and disseminate critical business content. The Company
operates in two segments, United States and International. Within the
United States, the Company primarily serves three sectors: Global
Capital Markets, Global Investment Markets and Language Solutions. With
approximately $1.05 billion in revenues in 2015 and approximately 3,500
employees worldwide, Donnelley Financial Solutions is positioned to meet
the increased global demand for regulatory compliance and technology
services with its innovative solutions. Led by a proven leadership team
with deep industry expertise, Donnelley Financial Solutions will
continue to execute on its strategic priorities to drive profitable
growth by delivering an exceptional client experience, industry-leading
technology and a globalized platform with a localized service culture.
“With our 30-year heritage as a trusted partner enabling clients to
comply and communicate with confidence, we are building on our position
of strength,” said Thomas F. Juhase, Chief Operating Officer of
Donnelley Financial Solutions. “Our balanced and diversified portfolio
drives recurring revenues, and we will continue to enhance our
end-to-end solutions to bolster our leadership in a highly fragmented
industry. As we enter our next chapter as a standalone company, we
believe that we are well positioned to accelerate our growth.”
Since September 21, 2016, Donnelley Financial Solutions shares have been
traded on a “when issued” basis under the symbol “DFS.WI.” The “when
issued” trading of Donnelley Financial Solutions shares ended at the
close of the market Friday, September 30th. Donnelley
Financial Solutions currently has approximately 32.4 million shares
outstanding.
Donnelley Financial Solutions also announced that its Board of Directors
has set May 18, 2017 as the date for the 2017 Annual Meeting of
Stockholders. Additional information about the time, place and record
date for this meeting will be announced by Donnelley Financial Solutions
in early 2017.
About Donnelley Financial Solutions, Inc.
Donnelley Financial Solutions (NYSE: DFIN) provides software and
services that enable clients to communicate with confidence in a
complex regulatory environment. With 3,500 employees in 61 locations
across 18 countries, we provide thousands of clients globally with
innovative tools for content creation, management and distribution, as
well as data analytics and multi-lingual localization services.
Leveraging advanced technology, deep-domain expertise and 24/7 support,
we deliver cost-effective solutions to meet the evolving needs of our
clients. For more information about Donnelley Financial Solutions, visit www.dfsco.com.
Forward-Looking Statements
This news release may contain "forward-looking statements" within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and in the U.S. Private Securities Litigation Reform Act of
1995. Readers are cautioned not to place undue reliance on these
forward-looking statements and any such forward-looking statements are
qualified in their entirety by reference to the following cautionary
statements. All forward-looking statements speak only as of the date of
this news release and are based on current expectations and involve a
number of assumptions, risks and uncertainties that could cause the
actual results to differ materially from such forward-looking
statements. Readers are strongly encouraged to read the full cautionary
statements contained in Donnelley Financial Solutions’ filings with
the SEC. Donnelley Financial Solutions disclaims any obligation to
update or revise any forward-looking statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161003005457/en/
Donnelley Financial Solutions, Inc.
Dave Gardella, 312-326-8155
Chief
Financial Officer
david.a.gardella@dfsco.com
Source: Donnelley Financial Solutions, Inc.