secwatch.observer — SEC 8-K summary
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Issuer:     BLACKBAUD INC (BLKB)
CIK:        0001280058
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001280058-24-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blackbaud Q1 revenue up 6.7% to $279.3M; non-GAAP EPS $0.93 up from $0.72
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- GAAP revenue $279.3M (+6.7% YoY); recurring revenue $271.5M (97% of total, +7.4%).
- Non-GAAP diluted EPS $0.93 vs $0.72 YoY; GAAP EPS $0.10 vs ($0.28) loss YoY.
- Non-GAAP operating margin 25.9% (+430 bps); adjusted EBITDA $88.9M (+25% YoY).
- Repurchased ~3M shares (~5.5% of outstanding) in Q1; full-year target 7-10%.
- Security incident-related costs $10.3M in Q1; non-GAAP free cash flow $51.3M (+$44.8M YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280058/000128005824000035/0001280058-24-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280058/000128005824000035/blkb-20240430.htm
  HTML page:      https://secwatch.observer/filing/0001280058-24-000035

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