secwatch.observer — SEC 8-K summary
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Issuer:     SPS COMMERCE INC (SPSC)
CIK:        0001092699
Form:       8-K/A
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0001092699-24-000062
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPS Commerce corrects FY2024 non-GAAP EPS guidance down from $3.63-$3.66 to $3.36-$3.39; Q2 revenue up 18%
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- Q2 revenue $153.6M (+18% YoY); net income $18.0M ($0.48 EPS); non-GAAP EPS $0.80 vs $0.69.
- Recurring revenue grew 18% YoY; adjusted EBITDA $44.2M (+16%).
- Board authorized new $100M share repurchase program effective Aug 23, 2024 through July 24, 2026.
- FY2024 non-GAAP EPS guidance corrected to $3.36-$3.39 (previously $3.63-$3.66).
- Q3 revenue guidance $157.6-$158.6M; non-GAAP EPS $0.83-$0.84.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1092699/000109269924000062/0001092699-24-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1092699/000109269924000062/spsc-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001092699-24-000062

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