Partnership Will Enable Corporate Giving and Grants to Vetted Charities CHARLESTON, S.C. and MEXICO CITY, Feb. 19, 2025 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, and Nacional Monte de Piedad, a 250-year-old public assistance and financial institution with over 300 locations and a nationwide presence in Mexico, have announced a partnership to support the processing of donations made through the YourCause® from Blackbaud® platform to Mexican charita ...

Group 1 - The article discusses the significant changes brought by President Trump's executive orders in early 2025, indicating a broad remaking of the executive branch and cultural shifts across various sectors [1] - Gary Alexander, with extensive experience in technology companies and startups, has been a contributor to Seeking Alpha since 2017, providing insights into industry trends [1] Group 2 - The article does not provide any specific financial data or performance metrics related to companies or industries [2][3]

Financial Data and Key Metrics Changes - For the full year 2024, Blackbaud produced revenue of $1,155 million, with an adjusted EBITDA margin of nearly 34% and non-GAAP diluted earnings per share of $4.07, reflecting a significant improvement from previous years [14][24] - The company's organic growth rate increased from 1.2% in 2020 to 5.2% in 2024, while the adjusted EBITDA margin improved from 26.5% to 33.7% during the same period [17][24] - Adjusted free cash flow for 2024 was approximately $245 million, representing a margin of 21.2%, up from 19.3% in 2023 [15][24] Business Line Data and Key Metrics Changes - Revenue in the social sector grew by 7% in 2024, with contractual recurring revenue increasing by 8% and transactional recurring revenue growing by 6% [14][24] - The divestiture of the Everfi business, which was dilutive to revenue growth and profitability, was completed on December 31, 2024, allowing the company to focus on its core business [7][8] Market Data and Key Metrics Changes - The company reported a gross dollar retention rate of approximately 92%, excluding Everfi, indicating strong customer satisfaction and loyalty [15] - The anticipated impact of currency fluctuations is expected to negatively affect revenue and adjusted EBITDA by $2 million to $3 million for the year [32] Company Strategy and Development Direction - Blackbaud aims to become a Rule of 45 company by 2030, focusing on mid single-digit organic revenue growth and improving operational efficiencies [18][40] - The company is investing in AI initiatives, including the Blackbaud Copilot, which enhances customer interactions and operational efficiencies [12][78] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to drive revenue growth and profitability despite potential challenges in the macroeconomic landscape [19][22] - The company expects to continue its stock repurchase program, targeting the buyback of 3% to 5% of outstanding shares in 2025 [20][36] Other Important Information - The company plans to invest in product innovation and refine its go-to-market strategies to maximize new logo acquisition and expansion within its customer base [26][36] - A one-time cash release payment of $28 million was made in connection with the lease for office space acquired as part of the Everfi acquisition, which is expected to improve adjusted EBITDA by $3 million to $3.5 million annually going forward [28][36] Q&A Session Summary Question: What are the biggest opportunities for new market growth in 2025? - Management indicated a shift in focus towards net new logos, particularly in K-12 education and other verticals, with expectations for increased bookings [42][45] Question: How does the company view the impact of federal dollar allocation changes on its customers? - Management noted that they have not seen any significant impact yet, as their platforms primarily drive donations through individual donors rather than federal funding [54][56] Question: Can you elaborate on the factors affecting the free cash flow guidance for 2025? - Management highlighted several impacts, including a $28 million one-time lease buyout, investments in India, and increased interest expenses due to stock repurchases [58][61] Question: How does the company plan to achieve the Rule of 45 target by 2030? - Management discussed a mix of cost savings, operational efficiencies, and leveraging AI to drive productivity as key strategies to reach this target [66][70] Question: How is the company's data impacting AI development opportunities? - Management emphasized the extensive data available within the industry, which is being utilized to enhance AI capabilities and drive revenue growth through improved customer interactions [75][78]

Company Performance - Blackbaud reported quarterly earnings of $1.08 per share, matching the Zacks Consensus Estimate, but down from $1.14 per share a year ago [1] - The company posted revenues of $302.23 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 0.87%, compared to $295.01 million in the same quarter last year [2] - Over the last four quarters, Blackbaud has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [2] Stock Movement and Outlook - Blackbaud shares have increased approximately 8.1% since the beginning of the year, outperforming the S&P 500's gain of 4% [3] - The future performance of Blackbaud's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is $0.98 on revenues of $292.03 million, and for the current fiscal year, it is $4.50 on revenues of $1.22 billion [7] Industry Context - The Computer - Software industry, to which Blackbaud belongs, is currently ranked in the bottom 46% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Blackbaud's stock performance [5]

Blackbaud Investor Presentation Ticker: BLKB February 18, 2025 Forward-looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this presentation consist of, among other things, statements regarding future operating results, all of which are based on current expectations, estimates, and forecasts, and the beliefs and as ...

Exhibit 99.1 PRESS RELEASE Blackbaud Announces 2024 Fourth Quarter and Full Year Results Charleston, S.C. (February 18, 2025) — Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced financial results for its fourth quarter and full year ended December 31, 2024. "2024 is a reflection of our successful work in solidifying Blackbaud's attractive and improving financial model over the past five years where our revenue, cash flows and Rule of 40 metrics have all i ...

CHARLESTON, S.C., Feb. 18, 2025 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced financial results for its fourth quarter and full year ended December 31, 2024."2024 is a reflection of our successful work in solidifying Blackbaud's attractive and improving financial model over the past five years where our revenue, cash flows and Rule of 40 metrics have all improved significantly," said Mike Gianoni, president, CEO and vice chairman of th ...

Hundreds of Thousands of U.S. Charities Can Now Receive Cryptocurrency Donations through JustGivingCHARLESTON, S.C., Feb. 12, 2025 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced that it is enabling cryptocurrency donations to U.S. nonprofits through its JustGiving platform for peer-to-peer fundraising.Cryptocurrency donations are already seamlessly integrated into all JustGiving fundraising pages in the U.K., and this feature is now ext ...

CHARLESTON, S.C., Feb. 5, 2025 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, will report its fourth quarter 2024 financial results on Tuesday, February 18, before the U.S. financial markets open for trading. In conjunction with this announcement, Blackbaud will host a conference call at 8:00 a.m. ET to discuss the company's financial results. Event: Blackbaud's Fourth Quarter 2024 Financial Results Conference Call Date: Tuesday, February 18, 20 ...

Members Bring Deep Expertise on the Needs of the K–12 Independent School Market and Advise on Technology Development CHARLESTON, S.C., Feb. 5, 2025 /PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, has welcomed a new executive director and new members to its K–12 Executive Advisory Board, which gathers leaders from prominent K–12 independent schools across the U.S. and Canada to offer their expertise on the needs of the sector. The 19 members on the curre ...