Balance Sheet StrengthThe EPS beat was also sizable due to a one-time tax benefit which occurred due to the termination of the pension plan which should further simplify and strengthen the balance sheet.
EarningsDFIN reported solid 3Q results, beating Street estimates on the top and bottom line, largely due to stronger capital markets activity which lifted tech-enabled services and Active Disclosure revenue during the quarter.
Growth StrategyThere is increased confidence in DFIN's growth playbook due to its focus on gaining market share and accelerating the transition to software.