Broadridge Reports Mixed Q1: Earnings Surpass Forecasts As Recurring Revenue Gains Offset Lower Event-Driven Sales [Yahoo! Finance]
Broadridge Financial Solutions, Inc. (BR)
Last broadridge financial solutions, inc. earnings: 1/31 07:00 am
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broadridge-ir.com
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Source: Yahoo! Finance
The company reported revenue that fell 1% year over year to $1.42 billion, missing the consensus of $1.48 billion. Recurring revenues increased 3% to $900 million, while Distribution revenues fell 3% to $460 million. Event-driven segment revenues declined 28% to $63 million in the quarter. The company's closed sales rose 21% to $57 million in the quarter. Adjusted operating income fell 7% to $185 million, with margin contracted to 13.0% from 13.9% a year ago. Adjusted EPS of $1.00 (-8% Y/Y) topped the consensus of $0.97 As of September-end, Broadridge held $292.8 million in cash and equivalents. FY25 Outlook: Broadridge Financial Solutions raised recurring revenue constant currency growth outlook to 6% – 8% (vs. 5% – 7% prior) and reiterated adjusted EPS growth guidance of 8% – 12% Tim Gokey, Broadridge CEO, said, “We continue to execute on our strategy to democratize and digitize investing, simplify and innovate trading, and modernize wealth management. That execution is
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News
- Broadridge to Participate in Upcoming Investor Event [Yahoo! Finance]Yahoo! Finance
- Broadridge to Participate in Upcoming Investor EventPR Newswire
- Broadridge Financial Solutions, Inc. (NYSE: BR) is now covered by analysts at UBS Group AG. They set a "neutral" rating and a $250.00 price target on the stock.MarketBeat
- Broadridge Significantly Enhances Structured Product Trading Capabilities [Yahoo! Finance]Yahoo! Finance
- Broadridge Significantly Enhances Structured Product Trading CapabilitiesPR Newswire
BR
Earnings
- 11/5/24 - In-Line
BR
Sec Filings
- 11/22/24 - Form 4
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- BR's page on the SEC website