secwatch.observer — SEC 8-K summary
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Issuer:     SPS COMMERCE INC (SPSC)
CIK:        0001092699
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001171843-23-006474
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPS Commerce Q3 revenue $135.7M (+18% YoY); CEO transition to Chad Collins
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- Revenue $135.7M, +18% YoY; recurring revenue grew 20% to $122.5M.
- GAAP diluted EPS $0.45 vs $0.43; non-GAAP diluted EPS $0.75 vs $0.63.
- Adjusted EBITDA $40.5M (+17% YoY); Q3 net income $16.8M.
- CEO succession: Archie Black becomes Executive Chair, Chad Collins appointed CEO effective Oct 26, 2023.
- Q4 revenue guidance $142.2-143.2M; FY2023 revenue guidance $534.2-535.2M (18-19% growth).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1092699/000117184323006474/0001171843-23-006474-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1092699/000117184323006474/f8k_102623.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-006474

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