earnings
confidence high
sentiment neutral
materiality 0.80
Blackbaud FY2022 revenue exceeds $1B for first time; FY2023 guidance targets 30% EBITDA margin
BLACKBAUD INC
2022-FY EPS reported
-$0.88
revenue$1,058,105,000
- Q4 GAAP revenue $274.8M (+10.8% YoY); GAAP diluted EPS -$0.41 vs -$0.15 prior year.
- Non-GAAP adjusted EBITDA $67.9M (24.7% margin), up $7.2M YoY; non-GAAP diluted EPS $0.68.
- Full year 2022 revenue $1.006B (+14% YoY); Rule of 40 at constant currency 29% (+2 pts).
- FY2023 guidance: organic revenue growth ~4% constant currency, adjusted EBITDA margin ~30%, Rule of 40 ~34%.
- Q4 GAAP loss from ops $15.5M includes $26.5M security incident-related costs net of insurance.