earnings
confidence high
sentiment positive
materiality 0.70
Consensus Cloud Q2 revenue down 5.7% to $87.5M; net income up; raises FY adj. EPS guidance
Consensus Cloud Solutions, Inc.
2024-Q2 EPS reported
$2.61
revenue$175,646,000
- Q2 revenue $87.5M vs $92.8M YoY; SoHo down 15.7%, Corporate up 2.7%.
- Net income $23.9M (27.3% margin) vs $21.1M; diluted EPS $1.24 vs $1.07; adjusted diluted EPS $1.45 vs $1.36.
- Adjusted EBITDA $49.1M (56.1% margin) vs $47.7M; free cash flow $16M.
- Repurchased ~$30M principal of bonds in Q2; reduced total debt ~$156M since Nov 2023.
- Issued Q3 2024 guidance and raised full-year 2024 adjusted EPS guidance.