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Broadridge Financial Solutions logoBroadridge Financial Solutions BR

The company reported total revenues of $1,726 million (+5%), recurring revenues of $1,126 million (+4%), diluted EPS of $1.79, and adjusted EPS of $2.23 (+9%) for the fiscal 2024 Q3 quarter ended March 31.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company reported total revenues of $1,726 million (+5%), recurring revenues of $1,126 million (+4%), diluted EPS of $1.79, and adjusted EPS of $2.23 (+9%) for the fiscal 2024 Q3 quarter ended March 31.

  2. Broadridge said recurring revenues at Investor Communication Solutions rose $701 million (+1%) in Q3, and Global Technology and Operations rose $425 million (+9%). The company said ICS growth was affected by the timing of equity proxy communications.

  3. Broadridge said it expects recurring revenue growth at constant currency for fiscal 2024 to be at the low end of its 6-9% guidance range and adjusted EPS growth to be at the middle of its 8-12% range, and that it reaffirmed closed sales of $280 to 320 million. Closed sales rose 29% to $80 million in Q3.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

Fiscal 2024 Q3 Revenue and Earnings Results

The company reported total revenues of $1,726 million (+5%), recurring revenues of $1,126 million (+4%), diluted EPS of $1.79, and adjusted EPS of $2.23 (+9%) for the fiscal 2024 Q3 quarter ended March 31.

Source · Based on the filing body and exhibits

Q3 Segment Recurring Revenues and Company Commentary

Broadridge said recurring revenues at Investor Communication Solutions rose $701 million (+1%) in Q3, and Global Technology and Operations rose $425 million (+9%). The company said ICS growth was affected by the timing of equity proxy communications.

Source · Based on the filing body and exhibits

Fiscal 2024 Outlook and Q3 Closed Sales

Broadridge said it expects recurring revenue growth at constant currency for fiscal 2024 to be at the low end of its 6-9% guidance range and adjusted EPS growth to be at the middle of its 8-12% range, and that it reaffirmed closed sales of $280 to 320 million. Closed sales rose 29% to $80 million in Q3.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.