secwatch.observer — SEC 8-K summary
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Issuer:     AUTOMATIC DATA PROCESSING INC (ADP)
CIK:        0000008670
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000008670-23-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADP Q1 FY2024 revenue $4.5B (+7% YoY), adjusted EPS $2.08 (+12%), maintains full-year guidance
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- Revenue $4.5B, up 7% YoY; organic constant currency growth 7%.
- Net earnings $859M (+10% YoY); adjusted net earnings $860M (+11%).
- Adjusted diluted EPS $2.08, up 12% YoY.
- Fiscal 2024 outlook: revenue growth 6-7%, adjusted diluted EPS growth 10-12%, EBIT margin expansion 60-80 bps.
- Adjusted EBIT margin 24.2%, up 10 bps; strong client retention and new business bookings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8670/000000867023000033/0000008670-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8670/000000867023000033/adp-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000008670-23-000033

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