Donnelley Financial Solutions, Inc. (NYSE:DFIN) Q2 2022 Earnings Conference Call August 3, 2022 9:00 AM ET

Company Participants

Michael Zhao - Head, IR

Daniel Leib - President and CEO

David Gardella - CFO

Craig Clay - President, Global Capital Markets

Eric Johnson - President, Global Investment Companies

Conference Call Participants

Charles Strauzer - CJS Securities, Inc.

Pete Heckmann - D.A. Davidson

Raj Sharma - B. Riley Securities

Operator

Good morning. My name is Joseph and I'll be your conference operator today. At this time, I would like to welcome everyone to the Donnelley Financial Solutions Second Quarter 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]

Thank you. Mr. Mike Zhao, Head of Investor Relations, you may begin your conference.

Michael Zhao

Thank you. Good morning, everyone, and thank you for joining Donnelley Financial Solutions second quarter 2022 results conference call. This morning, we released our earnings reports, supplemental trending schedule of historical results. Copies of which can be found in the investor section of our website at dfinsolutions.com.

During this call, we'll refer to forward-looking statements that are subject to risks and uncertainties. For a complete discussion, please refer to the cautionary statements included in our earnings release and further detailed in our most recent quarterly report on Form 10-Q and other filings with the SEC.

Further, we will discuss certain non-GAAP financial information such as adjusted EBITDA and adjusted EBITDA margin. We believe the presentation of non-GAAP financial information provides you with useful supplementary information concerning the company's ongoing operations and is an appropriate way for you to evaluate the company's performance.

They are, however, provided for informational purposes only. Please refer to the earnings release and related tables for GAAP financial information and reconciliations of GAAP to non-GAAP financial information.

I am joined this morning by Dan Leib, Dave Gardella, Craig Clay, Eric Johnson, Floyd Strimling, and Kami Turner.

I will now turn the call over to Dan.

Daniel Leib

Thank you, Mike. Good morning everyone and from all of us at DFIN, we hope that you and your families are doing well. We're extremely pleased with the company's performance during the quarter, especially in light of the continuing macroeconomic headwinds, current geopolitical unrest, and related market volatility.

In this difficult operating environment, we delivered excellent second quarter results, including positive constant currency year-over-year revenue growth, record quarterly adjusted EBITDA, year-over-year adjusted EBITDA margin expansion, and increases in both operating cash flow and free cash flow.