secwatch.observer — SEC 8-K summary
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Issuer:     AUTOMATIC DATA PROCESSING INC (ADP)
CIK:        0000008670
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0000008670-23-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADP Q4 beat: revenue $4.5B (+8%), EPS $1.87 (+25%); FY2023 $18B (+9%), FY2024 guidance positive
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- Q4 revenue $4.5B (+8% YoY, +9% organic constant currency); adjusted diluted EPS $1.89 (+26%).
- FY2023 revenue $18.0B (+9%); net earnings $3.4B (+16%); adjusted diluted EPS $8.23 (+17%).
- Employer Services new business bookings rose 10% to $1.9B; retention at record level.
- Adjusted EBIT margin FY2023 24.8% (+130 bps); Q4 margin 22.5% (+270 bps).
- FY2024 outlook: revenue growth 6-7%, adjusted EBIT margin up 60-80 bps, adjusted EPS growth 10-12%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8670/000000867023000019/0000008670-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8670/000000867023000019/adp-20230726.htm
  HTML page:      https://secwatch.observer/filing/0000008670-23-000019

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