earnings
confidence high
sentiment positive
materiality 0.75
CSG Systems Q4 revenue $297M, non-GAAP EPS $0.92; 2023 organic revenue up 7.3%; dividend raised 7%
CSG SYSTEMS INTERNATIONAL INC
2023-FY EPS reported
$2.20
revenue$1,169,258,000
- Q4 revenue $297.3M (+2.6% YoY); GAAP EPS $0.44, non-GAAP EPS $0.92; GAAP operating margin 8.3%, non-GAAP 16.1%.
- Full-year 2023 revenue $1.17B (+7.3% YoY); GAAP EPS $2.20, non-GAAP EPS $3.69; non-GAAP adjusted operating margin 17.2% (up from 16.6%).
- Board approved 7% dividend increase to $0.30/quarter; 11th consecutive annual increase; total dividends $34M in 2023.
- Returned over $150M to shareholders in 2023 including $117M share repurchases; Q4 operating cash flow $79.5M, record non-GAAP free cash flow $74.5M.
- 2024 guidance: revenue $1.2-1.24B; non-GAAP adjusted operating margin 17.0%-17.4%; mid-single-digit organic revenue growth expected.