Donnelley Financial Solutions, Inc. (NYSE:DFIN) Q4 2022 Earnings Call Transcript

Dave Gardella: Yeah, Raj I would say back to kind of the longer run trend on print secular decline and they call it the 5% range or so. Some of that gets impacted by the transactional environment to the extent there are more or less transactions and printed documents going along with those. And then longer term we would expect the same thing. The one caveat there would be to the extent that any of the future regulations such as Tailored Shareholder Reports might require some incremental printing that could possibly beat the trend there as well.

Raj Sharma: Great and then just lastly on EDGAR Online, can you talk about — I know that you just mentioned the revenue impact was $5 million. Can you talk about the reason for the disposition and sort of how much was it disposed for, do you already have that functionality now in the other software pieces?

Daniel N. Leib: Yeah. So at a high level the declining business, it’s not core to our compliance offering was going to require some incremental, pretty significant incremental investment to maintain it. And just so from an overall economic perspective as we look at capital deployment the combination of investing in a non-strategic declining asset just didn’t make sense. And fortunately we found a buyer albeit at a pretty low price but I think relative to the alternatives there, it was a really good outcome for us.

Raj Sharma: Great. Thank you. Thank you again, I will take my questions offline.

Daniel N. Leib: Thank you Raj.

Dave Gardella: Thanks Raj.

Operator: And that does conclude the question-and-answer session. I would like to turn the call back over to Dan Leib for any closing remarks.

Daniel N. Leib: Great, thank you. Appreciate everyone’s time this morning, and we’ll look forward to connecting with you over the ensuing months. Thank you.

Operator: This concludes today’s conference call. You may now disconnect.