CHICAGO–(BUSINESS WIRE)–
Donnelley Financial Solutions, Inc. (NYSE: DFIN), (the “Company”) today reported financial results for the third quarter of 2020.
Third-quarter 2020
Third-quarter 2019
Net Sales
$209.5 million
$195.9 million
GAAP Net Earnings
$7.1 million
$14.7 million
Non-GAAP Adjusted EBITDA(1)
$47.6 million
$31.1 million
Operating Cash Flow
$76.4 million
$61.1 million
Free Cash Flow(1) (2)
$67.6 million
$52.2 million
(1)
Non-GAAP Adjusted EBITDA (“Adjusted EBITDA”) and Free Cash Flow are non-GAAP measures that exclude the impact of items noted in the reconciliation tables below. The tables below provide reconciliations to the most comparable GAAP measures.
(2)
Defined as operating cash flow less capital expenditures.
Third-quarter 2020 highlights:
Net sales of $209.5 million, up $13.6 million, or 6.9%, from …
