earnings
confidence high
sentiment positive
materiality 0.75
SS&C Q3 2024 GAAP revenue $1.47B (+7.3% YoY); adj. EPS $1.29 (+10.3%); acquires Battea for ~$670M
SS&C Technologies Holdings Inc
2024-Q3 EPS reported
$2.02
revenue$4,352,300,000
- GAAP revenue $1,465.8M (+7.3% YoY); GAAP diluted EPS $0.65 (+6.6%).
- Adjusted revenue $1,466.8M (+7.3%); adjusted diluted EPS $1.29 (+10.3%); organic revenue growth 6.4%.
- Completed acquisition of Battea-Class Action Services on Sept 27, 2024 for ~$670M.
- Repurchased 1.2M shares for $89.4M during Q3; net leverage ratio 2.94x at Sept 30.
- Guidance: Q4 adj. rev $1.46-1.50B; FY adj. EPS $5.12-5.18; cash from ops FY $1.33-1.37B.