earnings
confidence high
sentiment neutral
materiality 0.35
H&R Block Q1 revenue $183.8M (+2% YoY), pretax loss narrows to $212.4M; outlook reaffirmed
H&R BLOCK INC
- Revenue $183.8M (+2% YoY) driven by higher US assisted tax prep average charge, partially offset by lower Emerald Card revenue.
- Pretax loss improved $9M to $212.4M due to higher revenue and interest income.
- Loss per share from continuing ops $(1.11) (vs $(1.05) prior year); adjusted loss $(1.05) (vs $(0.99)).
- Repurchased 3.3M shares for $132M at $40.43/share; $568.1M remaining on $1.25B authorization.
- Full-year FY2024 outlook reaffirmed; management cites good start to year.