Blackbaud Q4 GAAP revenue $295M (+7.4%); guides ~7% growth, 33% EBITDA margin for 2024

BLACKBAUD INC

2023-FY EPS reported $0.03 revenue$1,105,432,000

GAAP revenue $295.0M (+7.4%), recurring revenue $287.4M (+8.4%), 97% of total revenue.
GAAP diluted EPS $0.10; non-GAAP diluted EPS $1.14 (up $0.46 YoY).
Non-GAAP adjusted EBITDA $99.3M (33.6% margin, +890bps YoY).
Full-year 2024 guidance: ~7% revenue growth, ~33% adjusted EBITDA margin, ~$264M adjusted free cash flow.
Board authorized $500M stock repurchase program; management plans to offset dilution and pursue opportunistic buybacks.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BLACKBAUD INC reported financial results for quarter and fiscal year ended December 31, 2023.

Period: quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 12, 2024, Blackbaud, Inc. (the "Company") issued a press release reporting unaudited financial results for the quarter and fiscal year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001280058-24-000010

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