NEW YORK, Nov. 14, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) announced that its Board of Directors has declared a quarterly cash dividend of $0.88 per share. The dividend is payable on January 3, 2025 to stockholders of record at the close of business on December 13, 2024.About BroadridgeBroadridge Financial Solutions (NYSE: BR), a global Fintech leader with over $6 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communicati ...

NEW YORK, Nov. 11, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) announced that it will be participating at the Wolfe Research Wealth Symposium, including a fireside chat with management, available on Broadridge's Investor Relations page at www.broadridge-ir.com.Wolfe Research Wealth Symposium – New York CityDate and Time: November 13, 2024, 12:30 P.M. Eastern TimeCompany Speaker: Ashima Ghei, Interim Chief Financial OfficerAbout BroadridgeBroadridge Financial Solutions (NYSE: BR), a g ...

Financial services company Broadridge Financial Solutions, Inc. (NYSE: BR ) has a history of driving higher share prices over the past 10 years. In the past year, it is up 26.57%:Robert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund investors. A resident of Airdrie, Alberta, Canada, Robe ...

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Core Insights - Broadridge Financial Solutions, Inc. reported first-quarter fiscal 2025 earnings that matched the Zacks Consensus Estimate, but revenues fell short of expectations [1] Financial Performance - Adjusted earnings per share were $1, reflecting an 8.3% decrease from the same quarter last year [1] - Total revenues amounted to $1.42 billion, missing the consensus mark by 3.9% and showing a slight year-over-year decline [1] - Recurring revenues reached $900 million, representing a 3% increase year over year on a reported basis and a 4% increase on a constant currency basis [2] Segment Performance - Revenues in the Investor Communication Solutions segment decreased by 1% year over year to $1 billion, slightly above the estimate of $1.52 billion [3] - The Global Technology and Operations segment generated revenues of $407 million, which was below the estimate of $437.5 million but increased by 1% year over year [3] Operating Metrics - Adjusted operating income was $185 million, down 7% from the previous year, with an adjusted operating income margin of 13%, declining by 90 basis points year over year [4] - The company ended the quarter with cash and cash equivalents of $292.8 million, down from $304.4 million in the previous quarter, while long-term debt increased to $3.6 billion from $3.4 billion [4] Cash Flow and Capital Expenditures - The company utilized $125.5 million in cash for operating activities, with capital expenditures amounting to $7.9 million during the quarter [5] - Dividends paid out during the quarter totaled $7.9 million [5] Fiscal 2025 Guidance - Broadridge raised its revenue guidance, now expecting recurring revenue growth of 6-8%, up from the previous forecast of 5-7% [6] - Adjusted earnings per share growth is anticipated to be between 8-12%, with an estimated adjusted operating income margin of around 20% [6]

NEW YORK, Nov. 7, 2024 /PRNewswire/ -- Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that its Banking Book Collateral Management Technology, COLLATE, has been recognized as a category leader in the latest Credit Lending Operations 2024 Report from Chartis, a leading provider of research and analysis on the global market for risk technology. The report evaluates the leading products offered in corporate, small and medium enterprise lending, syndicated lending and priva ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-33220 BROADRIDGE FINANCIAL SOLUTIONS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 33-1151291 (State or Other J ...

Financial Data and Key Metrics - Recurring revenue grew 4% in constant currency, driven by governance and capital markets franchises [8] - Adjusted EPS was $1, impacted by the E-Trade deconversion and lower event-driven revenues [9] - The company raised its fiscal 2025 recurring revenue guidance to 6%-8%, reflecting the acquisition of SIS and strong organic growth [11] - Adjusted operating income decreased 7%, with AOI margins at 13% [38] - Closed sales reached a record $57 million, up 21% from the previous year [27][38] Business Line Performance - **Governance Business**: ICS recurring revenues rose 5%, driven by strong sales and investor participation growth [12] - Equity record growth for companies processed during the quarter was 3% [13] - Fund and ETF position growth was 6%, with strong growth in passive and money market funds [15] - **Capital Markets**: Recurring revenues grew 5%, driven by new sales and higher trading volumes, particularly in fixed income [20] - **Wealth and Investment Management**: Recurring revenue declined 4% due to the E-Trade deconversion, but underlying growth was 6% [23] Market Performance - Equity position growth was 3%, impacted by the mix of companies hosting annual meetings [13][46] - Mutual fund and ETF position growth was 6%, with mid-single-digit growth expected to continue [47] - Trade volumes rose 10%, led by double-digit growth in fixed income [48] Strategy and Industry Competition - The company is focused on democratizing and digitizing investing, simplifying trading, and modernizing wealth management [9] - The acquisition of SIS strengthens the Canadian wealth business and accelerates innovation in that market [10][24] - Broadridge is leveraging AI and data management investments to drive innovation across its platforms [6][21] Management Commentary on Operating Environment and Outlook - Global financial markets remain robust, with healthy demand driven by long-term trends like digitization and regulatory changes [6] - The company is on track to deliver strong full-year results, with recurring revenue growth of 6%-8% and adjusted EPS growth of 8%-12% [11][32] - Management highlighted the resilience of the business model amid geopolitical uncertainty and market volatility [6][7] Other Important Information - The company completed the acquisition of SIS for approximately $185 million, expected to contribute 1 point to recurring revenue growth [36][96] - Broadridge is investing in digital transformation, with open rates for digital communications 20% higher and click-through rates 5x higher than standard communications [19] - The company expects free cash flow conversion of 95%-105% for fiscal 2025 [56] Q&A Session Summary Question: Why was the EPS guidance not raised despite the recurring revenue increase? - The SIS acquisition is expected to be neutral to EPS in the first year, and the company is reinvesting in growth opportunities [64][66] Question: What is the outlook for digital revenue growth? - Digital revenue is expected to accelerate to mid-to-high single-digit growth for the full year, driven by new sales and onboarding of recent wins [73][75] Question: How is Broadridge addressing T+1 challenges in Europe? - The company is leveraging its managed services and technology to help clients navigate the transition to T+1 in Europe [77][79] Question: What is the revenue contribution expected from SIS? - SIS is expected to contribute approximately $60 million in revenue for the full year, adding over 1 percentage point to Broadridge's growth [92][96] Question: Was there any unusual pull-forward in sales this quarter? - The strong sales performance in Q1 is not considered a pull-forward but reflects a good start to the year, with the full-year sales outlook remaining unchanged [98]

Broadridge Financial Solutions (BR) reported $1.42 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.6%. EPS of $1.00 for the same period compares to $1.09 a year ago.The reported revenue represents a surprise of -3.90% over the Zacks Consensus Estimate of $1.48 billion. With the consensus EPS estimate being $1.00, the company has not delivered EPS surprise.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Broadridge Financial Solutions (BR) came out with quarterly earnings of $1 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.09 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this technology outsourcing company would post earnings of $3.48 per share when it actually produced earnings of $3.50, delivering a surprise of 0.57%. Over the last four quarters, the company has surpassed consensus EPS estimates two tim ...