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 ...

Broadridge Reports First Quarter Fiscal 2025 Results Recurring revenues grew 3%; up 4% constant currency Closed sales rose 21% to $57 million Diluted EPS was $0.68 and Adjusted EPS was $1.00 Raising FY'25 guidance to include 6-8% Recurring revenue growth constant currency; reaffirming 8-12% Adjusted EPS growth NEW YORK, N.Y., November 5, 2024 - Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the first quarter ended September 30, 2024 of its fiscal year 2025. Results compa ...

Recurring revenues grew 3%; up 4% constant currency Closed sales rose 21% to $57 million Diluted EPS was $0.68 and Adjusted EPS was $1.00 Raising FY'25 guidance to include 6-8% Recurring revenue growth constant currency; reaffirming 8-12% Adjusted EPS growth NEW YORK, Nov. 5, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the first quarter ended September 30, 2024 of its fiscal year 2025. Results compared with the same period last year were as follow ...

Analysts on Wall Street project that Broadridge Financial Solutions (BR) will announce quarterly earnings of $1 per share in its forthcoming report, representing a decline of 8.3% year over year. Revenues are projected to reach $1.48 billion, increasing 3.5% from the same quarter last year.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections ove ...

The Broadridge® ClearFi solution provides investors with user-friendly information on digital assets.NEW YORK, Oct. 31, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR), today announced the launch of Broadridge® ClearFi ("ClearFi"), a new suite of products to help financial intermediaries operating within the Digital Asset space to get out ahead of current and emerging disclosure regulations. ClearFi helps broker-dealers, exchanges, and wallet providers provide their clients and particip ...

The Zacks Outsourcing industry has witnessed significant growth, driven by numerous economic, technological and business factors. Key drivers include the desire to reduce costs, the onset of remote work, the rising focus on cyber security awareness, and the surge in trends such as AI and ML. Investors can look at Broadridge Financial Solutions, Inc. (BR) , Genpact Limited (G) and ExlService Holdings, Inc. (EXLS) from the Outsourcing market. About the Industry Outsourcing involves delegating a company's inte ...