Core Viewpoint - Broadridge Financial Solutions, Inc. reported strong second-quarter fiscal 2025 results, with earnings and revenues exceeding expectations, indicating robust financial performance and growth potential [1][2]. Financial Performance - Adjusted earnings per share were $1.6, surpassing the consensus estimate by 12.2% and increasing 69.6% year-over-year [2]. - Total revenues reached $1.6 billion, exceeding the consensus mark by 3% and rising 12.8% compared to the previous year [2]. - Adjusted operating income was $263 million, reflecting a 51% increase from the year-ago quarter, with an adjusted operating income margin of 16.6%, up 420 basis points year-over-year [3]. Segment Performance - Revenues in the Investor Communication Solutions (ICS) segment grew 15% year-over-year to $1.1 billion, meeting estimates [3]. - The Global Technology and Operations (GTO) segment reported revenues of $440 million, which was slightly below the estimate but showed a 9% year-over-year increase [3]. Cash Flow and Debt - The company ended the quarter with cash and cash equivalents of $289.9 million, a slight decrease from $292.8 million in the previous quarter [4]. - Long-term debt increased to $3.7 billion from $3.6 billion at the end of the prior quarter [4]. - Broadridge generated $236.7 million in cash from operating activities and paid out $102.8 million in dividends [4]. Future Guidance - For fiscal year 2025, Broadridge anticipates recurring revenue growth of 6-8% and adjusted earnings per share growth of 8-12% [5]. - The adjusted operating income margin is projected to be 20% [5].

Financial Performance - Revenues for the three months ended December 31, 2024, increased to $1,589.2 million, a 13.1% increase from $1,405.0 million in the same period of 2023[13] - Operating income for the six months ended December 31, 2024, rose to $345.1 million, compared to $272.8 million for the same period in 2023, reflecting a 26.5% increase[13] - Net earnings for the three months ended December 31, 2024, were $142.4 million, up 102.9% from $70.3 million in the same period of 2023[16] - Basic earnings per share for the six months ended December 31, 2024, increased to $1.90, compared to $1.37 for the same period in 2023, representing a 38.7% growth[13] - Comprehensive income for the six months ended December 31, 2024, was $222.2 million, compared to $161.2 million for the same period in 2023, representing a year-over-year increase of approximately 37.9%[36] - Earnings before income taxes for the total company reached $176.0 million in Q4 2024, compared to $87.6 million in Q4 2023, indicating a significant increase of about 100.5%[133] - Earnings before income taxes for the six months ended December 31, 2024, increased by $59.6 million, or 28%, to $270.6 million, driven by higher recurring and event-driven revenues[199] Revenue Breakdown - Recurring revenues for the six months ended December 31, 2024, reached $1,880.5 million, up from $1,770.0 million in 2023, indicating an increase of 6.2%[60] - Investor Communication Solutions segment revenues totaled $1,149.2 million for the three months ended December 31, 2024, compared to $999.5 million in 2023, reflecting a growth of 15%[60] - Global Technology and Operations segment revenues increased to $440.0 million for the three months ended December 31, 2024, from $405.4 million in 2023, marking an increase of 8.5%[60] - Distribution revenues for the three months ended December 31, 2024, were $484.5 million, compared to $450.9 million in 2023, showing an increase of 7.5%[60] - Event-driven revenues for the three months ended December 31, 2024, were $124.6 million, significantly up from $55.2 million in 2023, representing a growth of 126.5%[60] - Recurring revenues increased by $110.4 million, or 6%, to $1,880.5 million for the six months ended December 31, 2024, driven by organic growth in ICS and GTO and acquisitions in GTO[189] Assets and Liabilities - Total assets as of December 31, 2024, were $8,230.6 million, slightly down from $8,242.4 million as of June 30, 2024[20] - Long-term debt increased to $3,655.6 million as of December 31, 2024, compared to $3,355.1 million as of June 30, 2024[20] - Total stockholders' equity increased to $2,228.3 million from $2,206.4 million as of September 30, 2024, reflecting a growth of approximately 1.0%[27] - Total payables and accrued expenses decreased from $1,194.4 million on June 30, 2024, to $888.6 million on December 31, 2024, representing a reduction of approximately 25.6%[87] - Deferred client conversion and start-up costs totaled $863.8 million as of December 31, 2024, down from $892.1 million as of June 30, 2024[82] Cash Flow and Investments - Cash and cash equivalents decreased to $289.9 million at the end of the period, down from $304.4 million at the beginning of the period[23] - Net cash flows from operating activities for the six months ended December 31, 2024, were $111.2 million, compared to $127.8 million for the same period in 2023[23] - The company reported a net cash outflow from investing activities of $250.4 million for the six months ended December 31, 2024, compared to $36.4 million for the same period in 2023[23] - Debt proceeds for the six months ended December 31, 2024, amounted to $740.3 million, an increase from $622.7 million in the same period of 2023[23] Acquisitions and Investments - The Company acquired Kyndryl's Securities Industry Services business for an aggregate purchase price of $185.5 million, which includes $38.3 million allocated to goodwill and $149.1 million to intangible assets[68][69] - The acquisition of AdvisorTarget in May 2024 had an aggregate purchase price of $34.3 million in cash, with additional contingent consideration of up to $30.5 million based on revenue targets[71][72] - The Company recognized stock-based compensation expense of $21.8 million for the three months ended December 31, 2024, compared to $20.5 million for the same period in 2023[107] Legal and Regulatory Matters - The company is subject to various legal claims, with management estimating a range of reasonably possible losses of up to $5.0 million in excess of established reserves[121] - The Company has ongoing discussions with the Canadian Competition Bureau regarding its acquisitions[72] Operational Metrics - The company operates in two segments: Investor Communication Solutions and Global Technology and Operations, focusing on technology-driven solutions for financial markets[38] - Broadridge's technology solutions support the entire trade lifecycle, processing clearance and settlement in over 100 countries, enhancing operational efficiency for clients[41] - The Company’s financial performance is evaluated using key performance indicators such as Revenue, Recurring Revenue, Adjusted Operating Income, and Free Cash Flow[154][156]

Broadridge Financial Solutions (BR) reported $1.59 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 13.1%. EPS of $1.56 for the same period compares to $0.92 a year ago.The reported revenue represents a surprise of +2.98% over the Zacks Consensus Estimate of $1.54 billion. With the consensus EPS estimate being $1.39, the EPS surprise was +12.23%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...

Powering and transforming financial markets Earnings Conference Call Fiscal Second Quarter 2025 January 31, 2025 Forward-Looking Statements This presentation and other written or oral statements made from time to time by representatives of Broadridge Financial Solutions, Inc. ("Broadridge" or the "Company") contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, and which may be identified by the use of w ...

EXHIBIT 99.1 Broadridge Reports Second Quarter Fiscal 2025 Results Recurring revenues grew 9%; up 9% constant currency Diluted EPS grew 103% to $1.20 and Adjusted EPS grew 70% to $1.56 Reaffirming FY'25 guidance, including 6-8% Recurring revenue growth constant currency, 8-12% Adjusted EPS growth, and Closed sales of $290 - $330 million NEW YORK, N.Y., January 31, 2025 - Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the second quarter ended December 31, 2024 of its fisc ...

Core Insights - Broadridge Financial Solutions reported strong financial results for the second quarter of fiscal year 2025, with recurring revenues growing by 9% and diluted EPS increasing by 103% to $1.20 [1][5][6] - The company reaffirmed its fiscal year 2025 guidance, projecting 6-8% recurring revenue growth and 8-12% adjusted EPS growth [3][4] Financial Performance - Recurring revenues reached $980 million, up from $899 million, reflecting a 9% increase year-over-year [1][5] - Total revenues increased by 13% to $1,589 million compared to $1,405 million in the same quarter last year [1][5] - Operating income rose 69% to $211 million, with an operating margin of 13.3%, up from 8.9% [1][6] - Adjusted operating income increased by 51% to $263 million, with a margin of 16.6% compared to 12.4% in the prior year [1][6] Earnings Metrics - Diluted EPS grew 103% to $1.20, while adjusted EPS increased by 70% to $1.56 [1][5] - Net earnings surged 103% to $142 million, and adjusted net earnings rose 68% to $184 million [1][6] Revenue Breakdown - Event-driven revenues saw a significant increase of 126%, reaching $125 million, driven by higher mutual fund communications [6][37] - Distribution revenues increased by 7% to $484 million, primarily due to a postage rate increase [6][37] - By product line, recurring revenue growth was driven by various segments, including a notable 18% increase in issuer services [6][37] Guidance and Strategic Outlook - The company reaffirmed its fiscal year 2025 guidance, maintaining expectations for recurring revenue growth of 6-8% and adjusted EPS growth of 8-12% [3][4] - Broadridge is focused on long-term growth strategies aimed at democratizing and digitizing investing, simplifying trading, and modernizing wealth management [2][3] Acquisition Impact - The acquisition of Kyndryl's Securities Industry Services (SIS) business for approximately $185 million is expected to enhance Broadridge's offerings in wealth management and capital markets [12]

NEW YORK, Jan. 29, 2025 /PRNewswire/ -- FORTUNE® magazine has recognized Broadridge Financial Solutions, Inc. (NYSE: BR) as one of the 2025 World's Most Admired Companies. This marks the company's 11th time being named to the prestigious list within the Financial Data Services industry category. The FORTUNE list, considered one of the leading measures of corporate reputation among the world's largest companies, rates firms on a range of criteria from investment value to global competitiveness and innovation ...

Broadridge Financial Solutions (BR) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since ...

Broadridge Financial Solutions Inc. (BR) is set to report its second-quarter fiscal 2025 results on Jan. 31, before market open.See Zacks Earnings Calendar to stay ahead of market-making news.The company’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters and met twice, delivering an average surprise of 1.3%.Broadridge’s Q2 ExpectationsThe Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $1.5 billion, which indicates a 9.8% rise from the yea ...

The market expects Broadridge Financial Solutions (BR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expe ...