earnings
confidence high
sentiment positive
materiality 0.85
Broadridge FY2024 Adj EPS $7.73 (+10%), raises dividend 10%; guides FY2025 5-7% recurring rev growth
BROADRIDGE FINANCIAL SOLUTIONS, INC.
2024-FY EPS reported
$5.86
revenue$6,506,800,000
- FY2024 recurring revenues $4,223M (+6%), total revenues $6,507M (+7%); closed sales record $342M (+39%).
- Adj EPS $7.73 (+10%), diluted EPS $5.86 (+11%). FY2025 guide: Adj EPS growth 8-12%, recurring rev +5-7% CC.
- Dividend raised 10% to $3.52 annual; quarterly $0.88 payable Oct 3 to holders of record Sep 12.
- Q4 Adj EPS $3.50 (+9%), operating margin 28.8%. FY2024 free cash flow conversion 102%.
- Three acquisitions: Kyndryl SIS (~$200M, ~$80-85M revenue), AdvisorTarget ($35M), CompSci.