secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBAUD INC (BLKB)
CIK:        0001280058
Form:       8-K
Filed at:   2024-02-12T23:59:59+00:00
Accession:  0001280058-24-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280058/000128005824000010/0001280058-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280058/000128005824000010/blkb-20240212.htm
  HTML page:      https://secwatch.observer/filing/0001280058-24-000010

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