secwatch.observer — SEC 8-K summary
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Issuer:     SPS COMMERCE INC (SPSC)
CIK:        0001092699
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001092699-24-000058
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPS Commerce Q2 revenue $153.6M (+18% YoY); new $100M buyback authorized
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- Q2 revenue $153.6M (+18% YoY); net income $18.0M ($0.48 diluted EPS) vs $14.7M ($0.39) YoY.
- Non-GAAP EPS $0.80 vs $0.69; adjusted EBITDA $44.2M (+16% YoY).
- Recurring revenue grew 18% YoY; 94th consecutive quarter of topline growth.
- Board authorized $100M share repurchase program effective Aug 23, 2024 through Jul 24, 2026.
- FY2024 guidance: revenue $624.2-626.0M (16-17% growth); non-GAAP EPS $3.63-3.66.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1092699/000109269924000058/0001092699-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1092699/000109269924000058/spsc-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001092699-24-000058

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