Donnelley Financial Solutions Finalizes Termination of Pension Plan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 23 2025
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Pension Plan Termination: Donnelley Financial Solutions successfully completed the termination of its primary defined benefit pension plan, which had been frozen since 2011, in the third quarter of 2025.
Settlement Process: The company settled the plan obligations through lump sum payments to participants and the purchase of a non-participating irrevocable group annuity contract, contributing $12.5 million to fully fund the plan.
Financial Impact: The plan settlement will result in a pre-tax non-cash settlement charge of approximately $83 million in the company's third quarter 2025 results, due to the recognition of unrealized accumulated losses.
Balance Sheet Changes: Following the settlement, the company removed a net liability of about $10 million from its balance sheet, reflecting a reduction of approximately $200 million in plan obligations against $190 million in plan assets.
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Analyst Views on DFIN
Wall Street analysts forecast DFIN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DFIN is 61.50 USD with a low forecast of 57.00 USD and a high forecast of 66.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 51.730
Low
57.00
Averages
61.50
High
66.00
Current: 51.730
Low
57.00
Averages
61.50
High
66.00
About DFIN
Donnelley Financial Solutions, Inc. is a provider of software and technology-enabled financial regulatory and compliance solutions. The Company provides regulatory filing and deal solutions through its software, technology-enabled services and print and distribution solutions. Its segments include Capital Markets-Software Solutions (CM-SS), Capital Markets-Compliance and Communications Management (CM-CCM), Investment Companies-Software Solutions (IC-SS), and Investment Companies-Compliance and Communications Management (IC-CCM). CM-SS segment provides software solutions to public and private companies. CM-CCM segment provides technology-enabled services and print and distribution solutions to public and private companies. IC-SS segment provides software solutions that enable clients to store and manage compliance and regulatory information. IC-CCM segment provides clients with tech-enabled solutions for creating, filing and distributing regulatory communications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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