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8-K filed December 20, 2022, 6:59 PM ET ticker FDS CIK 0001013237

earnings confidence high sentiment positive materiality 0.80

FactSet Q1 FY2023 revenue $505M (+19%); EPS $3.52 GAAP, $3.99 adj.; margins expand; reaffirms outlook

FACTSET RESEARCH SYSTEMS INC

2023-Q1 EPS reported $3.52 revenue$504,815,000

GAAP revenue $504.8M, up 18.9% YoY; organic revenue up 8.3% to $459.9M.
GAAP operating margin 34.1% (up 517 bps); adjusted operating margin 38.3% (up 471 bps).
GAAP diluted EPS $3.52 (+26.2%); adjusted diluted EPS $3.99 (+22.8%).
Organic ASV+professional services $1.8B, up 8.8% YoY; increased $9.3M over the quarter.
Reaffirmed fiscal 2023 annual outlook; suspended share repurchases to prioritize debt repayment.

item 2.02 item 5.07 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FACTSET RESEARCH SYSTEMS INC reported Three Months Ended November 30, 2022 results: revenue $ 504,815, net income $ 136,798, EPS $ 3.52. Guidance reaffirmed.

Period: Three Months Ended November 30, 2022
Revenue: $ 504,815
Net income: $ 136,798
EPS: $ 3.52
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Revenues $ 504,815 $ 424,725 18.9 % Organic revenues $ 459,860 $ 424,811 8.3 % Operating income $ 171,895 $ 122,661 40.1 % Adjusted operating income $ 193,402 $ 142,710 35.5 % Operating margin 34.1 % 28.9 % Adjusted operating margin 38.3 % 33.6 % Net income $ 136,798 $ 107,647 27.1 % Adjusted net income $ 155,171 $ 125,341 23.8 % Adjusted EBITDA $ 200,419 $ 145,029 38.2 % Diluted EPS $ 3.52 $ 2.79 26.2 %

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FACTSET RESEARCH SYSTEMS INC shareholders approved To elect three members to FactSet's Board of Directors. at the 2022-12-15 meeting.

Proposal: director election
Outcome: passed
Meeting: 2022-12-15

Exact text from the filing

Proposal 1 : To elect three members to FactSet's Board of Directors. Nominee For Against Abstain Broker Non-Votes James J. McGonigle 30,345,041 1,715,756 41,705 1,891,939 F. Philip Snow 31,738,191 323,904 40,407 1,891,939 Maria Teresa Tejada 31,999,948 62,997 39,557 1,891,939 The three nominees were elected to FactSet's Board of Directors and will serve as directors until the Company's 2025 Annual Meeting of Stockholders or until their respective successors are elected and qualified.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FACTSET RESEARCH SYSTEMS INC shareholders approved To approve an amendment to the Certificate of Incorporation to remove a creditor compromise provision. at the 2022-12-15 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2022-12-15

Exact text from the filing

Proposal 8 : To approve an amendment to the Certificate of Incorporation to remove a creditor compromise provision. For 32,034,697 Against 15,132 Abstain 52,673 Broker Non-Votes 1,891,939 The proposal was approved.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FACTSET RESEARCH SYSTEMS INC shareholders approved To approve an amendment to the Certificate of Incorporation to add a Delaware forum selection provision. at the 2022-12-15 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2022-12-15

Exact text from the filing

Proposal 6 : To approve an amendment to the Certificate of Incorporation to add a Delaware forum selection provision. For 28,796,432 Against 3,257,389 Abstain 48,681 Broker Non-Votes 1,891,939 The proposal was approved.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FACTSET RESEARCH SYSTEMS INC shareholders approved To approve an amendment to the Certificate of Incorporation to declassify the Board of Directors, including procedures relating to Board composition. at the 2022-12-15 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2022-12-15

Exact text from the filing

Proposal 4 : To approve an amendment to the Certificate of Incorporation to declassify the Board of Directors, including procedures relating to Board composition. For 31,696,142 Against 378,946 Abstain 27,414 Broker Non-Votes 1,891,939 The proposal was approved.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FACTSET RESEARCH SYSTEMS INC shareholders approved To ratify the appointment of the accounting firm of Ernst & Young LLP as FactSet's independent registered public accounting firm for the fiscal year ending August 31, 2023. at the 2022-12-15 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2022-12-15

Exact text from the filing

Proposal 2 : To ratify the appointment of the accounting firm of Ernst & Young LLP as FactSet's independent registered public accounting firm for the fiscal year ending August 31, 2023. For 33,831,678 Against 140,155 Abstain 22,608 The appointment of Ernst & Young LLP was ratified.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FACTSET RESEARCH SYSTEMS INC shareholders approved To approve an amendment and restatement of the Certificate of Incorporation to clarify, streamline and modernize the Certificate of Incorporation. at the 2022-12-15 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2022-12-15

Exact text from the filing

Proposal 9 : To approve an amendment and restatement of the Certificate of Incorporation to clarify, streamline and modernize the Certificate of Incorporation. For 32,037,566 Against 16,579 Abstain 48,357 Broker Non-Votes 1,891,939 The proposal was approved.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FACTSET RESEARCH SYSTEMS INC shareholders approved To approve an amendment to the Certificate of Incorporation to remove certain business combination restrictions. at the 2022-12-15 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2022-12-15

Exact text from the filing

Proposal 5 : To approve an amendment to the Certificate of Incorporation to remove certain business combination restrictions. For 32,031,848 Against 22,180 Abstain 48,474 Broker Non-Votes 1,891,939 The proposal was approved.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FACTSET RESEARCH SYSTEMS INC shareholders approved To approve an amendment to the Certificate of Incorporation to add a federal forum selection provision. at the 2022-12-15 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2022-12-15

Exact text from the filing

Proposal 7 : To approve an amendment to the Certificate of Incorporation to add a federal forum selection provision. For 28,785,228 Against 3,268,774 Abstain 48,500 Broker Non-Votes 1,891,939 The proposal was approved.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

FACTSET RESEARCH SYSTEMS INC shareholders approved To approve, on a non-binding advisory basis, the fiscal 2022 compensation of the Company's named executive officers. at the 2022-12-15 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2022-12-15

Exact text from the filing

Proposal 3 : To approve, on a non-binding advisory basis, the fiscal 2022 compensation of the Company's named executive officers. For 30,722,625 Against 1,251,144 Abstain 128,733 Broker Non-Votes 1,891,939 The fiscal 2022 compensation of FactSet's named executive officers was approved by a non-binding advisory vote.

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Source: SEC EDGAR

accession 0001013237-22-000199

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