secwatch.observer — SEC 8-K summary
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Issuer:     AUTOMATIC DATA PROCESSING INC (ADP)
CIK:        0000008670
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0000008670-24-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADP reports FY2024 revenue $19.2B (+7%), diluted EPS $9.10 (+11%); guides FY2025 growth 5-6%
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- FY2024 revenues $19.2B (+7%); Q4 revenues $4.8B (+6%). Organic constant currency grew 6% for the year.
- FY2024 net earnings $3.8B (+10%); adjusted diluted EPS $9.18 (+12%), aided by share buybacks.
- Employer Services new business bookings hit $2.0B (+7%) in FY2024; client satisfaction reached all-time high.
- Adjusted EBIT margin expanded 70 bps to 25.5% in FY2024; Q4 margin was 23.3% (+80 bps).
- FY2025 outlook: revenue growth 5-6%, adjusted EBIT margin expansion 60-80 bps, adjusted EPS growth 8-10%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8670/000000867024000017/0000008670-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8670/000000867024000017/adp-20240731.htm
  HTML page:      https://secwatch.observer/filing/0000008670-24-000017

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