earnings
confidence high
sentiment positive
materiality 0.80
Broadridge Q1 FY2024: Recurring revenue +8% CC; Adj EPS +30% to $1.09; reaffirms FY guidance
BROADRIDGE FINANCIAL SOLUTIONS, INC.
2024-Q1 EPS reported
$0.76
revenue$1,431,100,000
- Recurring revenue $871M (+8% CC, all organic); total revenue $1,431M (+12%).
- Adjusted EPS $1.09 (+30% YoY); Diluted EPS $0.76 (+81%).
- Closed sales $48M (+64% YoY); repurchased $150M of shares in Q1.
- ICS segment: recurring revenue +6% CC; GTO segment: +11% CC.
- FY2024 guidance reaffirmed: 6-9% recurring revenue CC growth, 8-12% adj EPS growth.