secwatch.observer — SEC 8-K summary
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Issuer:     Paylocity Holding Corp (PCTY)
CIK:        0001591698
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001591698-24-000276
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paylocity Q1 revenue up 14% to $363M, GAAP EPS $0.88, closes Airbase acquisition
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- Total revenue $363.0M (+14% YoY); recurring & other revenue $333.1M (+14% YoY).
- GAAP net income $49.6M ($0.88 diluted EPS) vs $34.5M ($0.61) a year ago.
- Adjusted EBITDA $129.0M vs $104.9M YoY; operating cash flow $91.5M vs $62.1M.
- Completed acquisition of Airbase (spend management) on Oct 1, 2024, funded with $325M credit facility.
- Cash and equivalents $778.5M including $325M debt for Airbase; long-term debt $325M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591698/000159169824000276/0001591698-24-000276-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591698/000159169824000276/pcty-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001591698-24-000276

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer