Consensus Cloud Q1 net income $26.4M ($1.37 EPS); adj. EPS $1.55; EBITDA margin 54.5%

Consensus Cloud Solutions, Inc.

2024-Q1 EPS reported $1.37 revenue$88,146,000

Revenue $88.1M, down 3.6% YoY; Corporate up 4.0%, SoHo down 12.6%.
GAAP net income $26.4M ($1.37 diluted EPS) vs $15.5M ($0.78) in Q1 2023.
Adjusted EBITDA $48.1M (54.5% margin) vs $44.2M (48.4%) YoY.
Free cash flow $35.8M, up 21.6% YoY; spent $63.5M on debt repurchase in Q1.
Net debt/EBITDA ratio reduced to 3.2; Q2 and full year 2024 guidance reaffirmed.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Consensus Cloud Solutions, Inc. updated its second quarter of 2024 and full year 2024 guidance (reaffirmed).

Period: second quarter of 2024 and full year 2024
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Consensus Cloud Solutions, Inc. Reports First Quarter 2024 Results Releases Q2 2024 and Reaffirms Full Year 2024 Guidance

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Consensus Cloud Solutions, Inc. reported first quarter of 2024 results: EPS $1.37.

Period: first quarter of 2024
EPS: $1.37
Result: reported results

Exact text from the filing

Q1 2024 quarterly revenues decreased by $3.3 million or 3.6% to $88.1 million compared to $91.5 million for Q1 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Consensus Cloud Solutions, Inc. reported first quarter of 2024 results: EPS $1.37.

Period: first quarter of 2024
EPS: $1.37
Result: reported results

Exact text from the filing

GAAP net income (1) increased to $26.4 million in Q1 2024 compared to $15.5 million for Q1 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Consensus Cloud Solutions, Inc. reported first quarter of 2024 results: EPS $1.37.

Period: first quarter of 2024
EPS: $1.37
Result: reported results

Exact text from the filing

GAAP net income per diluted share (1) increased to $1.37 or 75.6% in Q1 2024 compared to $0.78 for Q1 2023.

View on SEC.gov

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Consensus Cloud Solutions, Inc. filing history →

Source: SEC EDGAR

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