secwatch.observer — SEC 8-K summary
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Issuer:     BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR)
CIK:        0001383312
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001383312-24-000049
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadridge Q1 adjusted EPS $1.00 misses prior year; raises FY2025 recurring revenue growth guidance to 6-8%
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- Recurring revenues $900M (+4% constant currency); total revenues down 1% to $1,423M.
- Diluted EPS $0.68, Adjusted EPS $1.00 (down 8% YoY); operating income margin 9.4%.
- Closed sales rose 21% to $57M; FY2025 recurring revenue guidance raised to 6-8% (from 5-7%).
- Completed acquisition of Kyndryl's SIS business on Nov 1 for ~$185M, expanding Canadian wealth management and capital markets.
- GTO recurring revenue grew 2% constant currency, but Wealth & Investment Management declined 5% due to large client loss.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1383312/000138331224000049/0001383312-24-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1383312/000138331224000049/br-20241105.htm
  HTML page:      https://secwatch.observer/filing/0001383312-24-000049

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