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AI English summary of an SEC filing — figures as filed

FactSet logoFactSet FDS

FactSet said revenue for 2024 fiscal year rose 5.6% from the prior year to $2,203.1 million, and organic revenue growth was 5.7%. The company said revenue increased in all segments, mainly in the Americas.

10-KAnnual reportFiled Period of report Summary published (UTC)

Key points

AI summary
  1. FactSet said revenue for 2024 fiscal year rose 5.6% from the prior year to $2,203.1 million, and organic revenue growth was 5.7%. The company said revenue increased in all segments, mainly in the Americas.

  2. The company said operating income for 2024 fiscal year rose 11.5% to $701.3 million, and operating margin was 31.8%, up from 30.2% in the prior year. It cited costs related to the Sales Tax Dispute as a partial offset.

  3. FactSet said net income for 2024 fiscal year rose 14.7% to $537.1 million, and Diluted EPS rose 15.5% to $13.91. It cited higher operating income and a lower diluted weighted average share count as factors.

  4. The company said it returned $385.9 million to stockholders through share repurchases and dividends in fiscal 2024, and repaid $250.0 million of the 2022 Term Facility. The balance due on March 1, 2025 is $125.0 million.

Key figures

Fiscal year ended August 31, 2024

Revenue
$2.2B
Operating income
$701M
Net income
$537M
EPS
$13.91
Operating cash flow
$700M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Annual revenue of $2,203.1 million, up 5.6%

FactSet said revenue for 2024 fiscal year rose 5.6% from the prior year to $2,203.1 million, and organic revenue growth was 5.7%. The company said revenue increased in all segments, mainly in the Americas.

Source · Based on the MD&A text of the filing

Operating income of $701.3 million, operating margin at 31.8%

The company said operating income for 2024 fiscal year rose 11.5% to $701.3 million, and operating margin was 31.8%, up from 30.2% in the prior year. It cited costs related to the Sales Tax Dispute as a partial offset.

Source · Based on the MD&A text of the filing

Net income of $537.1 million, Diluted EPS of $13.91

FactSet said net income for 2024 fiscal year rose 14.7% to $537.1 million, and Diluted EPS rose 15.5% to $13.91. It cited higher operating income and a lower diluted weighted average share count as factors.

Source · Based on the MD&A text of the filing

Shareholder returns of $385.9 million, $250.0 million repaid on 2022 Term Facility

The company said it returned $385.9 million to stockholders through share repurchases and dividends in fiscal 2024, and repaid $250.0 million of the 2022 Term Facility. The balance due on March 1, 2025 is $125.0 million.

Source · Based on the MD&A text of the filing

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.