earnings
confidence high
sentiment positive
materiality 0.75
ADP reports FY2021 revenue up 3% to $15.0B, EPS $6.07; guides FY2022 revenue +6-7%, EPS +9-11%
AUTOMATIC DATA PROCESSING INC
2021-FY EPS reported
$6.07
revenue$15,005,400,000
- FY2021 revenues $15.0B (+3% YoY); Q4 revenues $3.7B (+11%).
- FY2021 diluted EPS $6.07 (+6%); adjusted diluted EPS $6.02 (+2%).
- Employer Services new business bookings up 23% for the year.
- FY2022 outlook: revenue growth 6-7%, adjusted EPS growth 9-11%, EBIT margin expansion 25-50 bps.
- Adjusted EBIT margin decreased 40 bps to 22.6% due to higher incentive costs and investments.