earnings
confidence high
sentiment positive
materiality 0.65
Broadridge Q3 FY2024: recurring revenue +4%, Adj EPS $2.23 (+9%); guides FY24 at low end of 6-9% recurring growth
BROADRIDGE FINANCIAL SOLUTIONS, INC.
2024-Q3 EPS reported
$3.14
revenue$4,562,500,000
- Total revenues $1,726M (+5% YoY); recurring revenue $1,126M (+4% YoY, 4% constant currency).
- Diluted EPS $1.79 (+7%); adjusted EPS $2.23 (+9%).
- Closed sales $80M, up 29% YoY; YTD closed sales $185M (+19%).
- FY24 guidance: recurring revenue constant currency at low end of 6-9%; Adj EPS growth at middle of 8-12%; record closed sales $280-320M.
- ICS segment recurring +1%; GTO segment recurring +9%; litigation settlement charge of $8M in Other.