8-K
filed December 19, 2023, 6:59 PM ET
ticker FDS
CIK 0001013237
earnings
confidence high
sentiment neutral
materiality 0.70
FactSet Q1 revenue $542M (+7.4%); cuts FY ASV growth guidance to $110-150M
FACTSET RESEARCH SYSTEMS INC
2024-Q1 EPS reported
$3.84
revenue$542,216,000
- GAAP revenue $542.2M, up 7.4% YoY; organic revenue +7.2%; GAAP diluted EPS $3.84 (+9.1% YoY).
- Adjusted diluted EPS $4.12 (+3.3% YoY); adjusted operating margin 37.6% vs 38.3% a year ago.
- Organic ASV+professional services $2,185M (+7.1% YoY); FY2024 ASV growth guidance lowered to $110-150M from $130-175M.
- Launched FactSet Mercury AI workflow tool for junior bankers; published AI Blueprint.
- Quarterly dividend of $0.98/share payable Dec 21; repurchased $59.9M of stock in Q1.
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 updated its first fiscal 2024 quarter ended November 30, 2023 guidance (lowered).
- Period
- first fiscal 2024 quarter ended November 30, 2023
- Guidance
- lowered
- Result
- reported results
Exact text from the filing
On December 19, 2023, FactSet Research Systems Inc. ("FactSet" or the "Company") issued a press release announcing its results for the three months ended November 30, 2023.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.97
FACTSET RESEARCH SYSTEMS INC shareholders approved Recommend the frequency of executive compensation voting at the 2023-12-14 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-12-14
Exact text from the filing
Proposal 4 : To recommend, by non-binding vote, the frequency of executive compensation voting. 1 Year 31,260,677 2 Years 92,259 3 Years 252,482 Abstained 26,553 Broker Non-Votes 2,324,028
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
FACTSET RESEARCH SYSTEMS INC shareholders approved Ratify the appointment of Ernst & Young LLP as FactSet's independent registered public accounting firm for fiscal year ending August 31, 2024 at the 2023-12-14 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-12-14
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, 2024. For 33,791,543 Against 152,347 Abstain 12,109
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.97
FACTSET RESEARCH SYSTEMS INC shareholders approved Election of four members to FactSet's Board of Directors at the 2023-12-14 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-12-14
Exact text from the filing
Proposal 1 : To elect four members to FactSet's Board of Directors. Nominee For Against Abstain Broker Non-Votes Robin A. Abrams 29,785,563 1,816,285 30,123 2,324,028 Malcolm Frank 30,941,741 661,426 28,804 2,324,028 Laurie Siegel 31,125,537 478,054 28,380 2,324,028 Elisha Wiesel 31,498,969 104,941 28,061 2,324,028
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
FACTSET RESEARCH SYSTEMS INC shareholders approved Approve, on a non-binding advisory basis, the fiscal 2023 compensation of the Company's named executive officers at the 2023-12-14 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-12-14
Exact text from the filing
Proposal 3 : To approve, on a non-binding advisory basis, the fiscal 2023 compensation of the Company's named executive officers. For 30,507,348 Against 1,090,750 Abstain 33,873 Broker Non-Votes 2,324,028
View on SEC.gov
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