other material
confidence high
sentiment positive
materiality 0.60
Broadridge sets FY2024-2026 growth targets: recurring revenue +7-9%, adj. EPS +8-12% CAGR; reaffirms FY2024 guidance
BROADRIDGE FINANCIAL SOLUTIONS, INC.
- Three-year objectives (FY2024-2026): organic recurring revenue growth 5-8%, constant-currency recurring revenue growth 7-9% CAGR.
- Adjusted EPS growth target of 8-12% CAGR and adjusted operating margin expansion of 50+ bps per year.
- Reaffirmed FY2024 guidance: recurring revenue growth constant currency 6-9%, adj. EPS growth 8-12%, adj. operating margin ~20%.
- CEO Tim Gokey cited past 10-year 10% recurring revenue CAGR, 14% adj. EPS CAGR, and 22% annualized total shareholder return.