8-K
filed November 9, 2023, 6:59 PM ET
ticker CCSI
CIK 0001866633
earnings
confidence medium
sentiment neutral
materiality 0.70
Consensus Cloud Q3 revenue -1.3% to $90.6M; adjusted EPS $1.51; COO departing Dec 31
Consensus Cloud Solutions, Inc.
2023-Q3 EPS reported
$3.07
revenue$274,808,000
- GAAP revenue $90.6M (-1.3% YoY), net income $24.0M ($1.22 EPS) vs $15.4M.
- Adjusted non-GAAP EPS $1.51 (+5.6% YoY); Adjusted EBITDA $47.5M (52.5% margin).
- Record cash $155.7M; repurchased $2.5M stock in Q3, $13.7M YTD.
- Board approved debt repurchase program; provided Q4 2023 guidance.
- COO John Nebergall to step down Dec 31, 2023, remains as strategic advisor.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Consensus Cloud Solutions, Inc. reported the third quarter of 2023 results: revenue $90.6 million, net income $24.0 million, EPS $1.22 per diluted share.
- Period
- the third quarter of 2023
- Revenue
- $90.6 million
- Net income
- $24.0 million
- EPS
- $1.22 per diluted share
- Result
- reported results
Exact text from the filing
of cash of $156 million.” said Scott Turicchi, CEO of Consensus. THIRD QUARTER UNAUDITED 2023 HIGHLIGHTS Q3 2023 GAAP quarterly revenues decreased by $1.2 million or 1.3% to $90.6 million compared to $91.8 million for Q3 2022. This decline was primarily due to a decrease of $2.7 million or 6.2% in our SoHo business, (tracking to an expected 2% to 4% decrease on a
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
John Nebergall departed as Chief Operating Officer at Consensus Cloud Solutions, Inc..
- Action
- step down
- Role
- Chief Operating Officer
Exact text from the filing
On November 7, 2023, John Nebergall, Chief Operating Officer of Consensus Cloud Solutions Inc. (“Company”), notified the Company that effective December 31, 2023, he will step down from his position as Chief Operating Officer of the Company.
View on SEC.gov
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