Donnelley Financial Solutions sees Q1 revenue $190M-$200M, consensus $208.23M

Donnelley Financial is “encouraged by the improving transactional pipeline so far in the first quarter, though, overall transactional activity remains well below the historical average,” the company stated on its Q4 earnings call. In the near term, the firm expects macroeconomic headwinds, market volatility and geopolitical factors to continue to weigh on the return to a more normalized level of deal activity. “With that as the backdrop, we expect consolidated first quarter net sales in the range of $190M to $200M and consolidated adjusted EBITDA margin in the mid 20% range,” the company guided on the call.