secwatch.observer — SEC 8-K summary
======================================

Issuer:     AUTOMATIC DATA PROCESSING INC (ADP)
CIK:        0000008670
Form:       8-K
Filed at:   2021-07-28T23:59:59+00:00
Accession:  0000008670-21-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADP reports FY2021 revenue up 3% to $15.0B, EPS $6.07; guides FY2022 revenue +6-7%, EPS +9-11%
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8670/000000867021000018/0000008670-21-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8670/000000867021000018/adp-20210728.htm
  HTML page:      https://secwatch.observer/filing/0000008670-21-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer