Broadridge said total revenues for the quarter ended December 31, 2024 increased 13% to $1,589 million, diluted EPS increased 103% to $1.20, and adjusted EPS (Non-GAAP) increased 70% to $1.56.

1. 01

   Broadridge said total revenues for the quarter ended December 31, 2024 increased 13% to $1,589 million, diluted EPS increased 103% to $1.20, and adjusted EPS (Non-GAAP) increased 70% to $1.56.

2. 02

   The company said Recurring revenues for the quarter increased 9% to $980 million and grew 9% on a constant currency basis, while Event-driven revenues increased 126% to $125 million. It cited higher volume of mutual fund communications as the driver of the latter.

3. 03

   The company said operating income for the quarter increased 69% to $211 million and operating income margin increased to 13.3% from 8.9% in the prior year period. Adjusted operating income (Non-GAAP) was $263 million and adjusted operating income margin was 16.6%.

4. 04

   The company reaffirmed its fiscal 25 guidance with no changes, providing Recurring revenue growth on a constant currency basis of 6–8%, Adjusted EPS growth of 8–12%, and Closed sales of $290–$330M. Broadridge also said it completed the acquisition of Kyndryl's Securities Industry Services business on November 1, 2024 for a total purchase price of approximately $185 million.

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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

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