Dayforce (DAY) reported $465.2 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 16.4%. EPS of $0.60 for the same period compares to $0.50 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $455.21 million, representing a surprise of +2.19%. The company delivered an EPS surprise of +30.43%, with the consensus EPS estimate being $0.46.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Dayforce (DAY) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 30.43%. A quarter ago, it was expected that this provider of human-resources software and services would post earnings of $0.45 per share when it actually produced earnings of $0.47, delivering a surprise of 4.44%.Over the ...

Revenue Performance - Dayforce recurring revenue for Q4 2024 reached $347.9 million, a 19% increase year-over-year[1] - Total revenue for Q4 2024 was $465.2 million, up 16% year-over-year, or 17% on a constant currency basis[4] - Total revenue for the year ended December 31, 2024, was $1,760.0 million, representing a 16.3% increase from $1,513.7 million in 2023[39] - Dayforce recurring revenue, excluding float, increased by 20.4% to $1,159.7 million in 2024 from $962.9 million in 2023[39] - Total recurring revenue for the year ended December 31, 2024, was $1,517.3 million, a 17.0% increase from $1,297.3 million in 2023[39] - Professional services and other revenue for the year ended December 31, 2024, was $242.7 million, up from $216.4 million in 2023, reflecting a 12.2% increase[41] Financial Metrics - Adjusted EBITDA for Q4 2024 was $129.2 million, with an adjusted EBITDA margin of 27.8%, up 3 percentage points year-over-year[4] - Adjusted EBITDA margin is anticipated to be between 31% and 32%[22] - The EBITDA for Q4 2024 was $66.6 million, reflecting a margin of 27.8%[46] - The EBITDA for the year ended December 31, 2024, was $288.0 million, with a margin of 28.5%[53] - Free cash flow margin is reported at 12%[22] - The net income for the year 2024 was $18.1 million, resulting in a net profit margin of 1.0%[53] Cash Flow and Operating Activities - Full year 2024 net cash provided by operating activities was $281.1 million, an increase of 28% compared to the previous year[4] - For Q4 2024, Dayforce reported net cash provided by operating activities of $81.0 million, a decrease of 9.8% from $89.9 million in Q4 2023[59] - Free cash flow for Q4 2024 was $54.2 million, down 15.0% from $63.8 million in Q4 2023, with a free cash flow margin of 11.7% compared to 16.0% in the previous year[59] - For the year ended December 31, 2024, Dayforce's free cash flow was $171.5 million, an increase of 63.0% from $105.1 million in 2023[59] - Dayforce projects free cash flow for the year ending December 31, 2025, to be between $229 million and $234 million[59] Assets and Liabilities - The company has a total of $9,117 million in assets as of December 31, 2024, compared to $9,010.9 million in 2023[29] - Total liabilities amount to $6,570.7 million, a slight decrease from $6,612.7 million in the previous year[29] - The company’s goodwill increased to $2,336.7 million from $2,293.9 million year-over-year[29] Strategic Initiatives and Market Position - The company launched its first mass advertising campaign across the U.S. and introduced the Dayforce Partner Network[13] - Dayforce achieved a record attendance at its annual customer conference, Dayforce Discover 2024, in Las Vegas[13] - The forward-looking statements indicate expectations for continued growth initiatives and market expansion, with potential risks outlined[24][26] Adjustments and Non-GAAP Measures - The adjustments to net income for Q4 2024 included a $17.1 million foreign exchange loss and $3.2 million related to the termination of a frozen U.S. pension plan[47] - The adjustments to operating profit for the year 2024 included $19.8 million of restructuring expenses and $9.0 million related to fair value adjustments[53] - Dayforce utilizes non-GAAP financial measures such as Adjusted EBITDA and Free Cash Flow to assess operational performance and liquidity[61] - The company emphasizes the importance of free cash flow as a measure of liquidity for strategic opportunities[61] - Dayforce's Cloud annualized retention rate and recurring revenue per customer are important metrics but lack directly comparable GAAP measures[63]

MINNEAPOLIS and TORONTO, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE:DAY) (TSX:DAY), a global human capital management (HCM) leader that makes work life better, today announced that it will release fourth quarter and full-year 2024 financial results before the open of regular market trading on Wednesday, February 5, 2025. The company will host a live webcast and conference call at 8:00 a.m. Eastern Time on February 5, 2025 to discuss the aforementioned financial results. Those wishing to particip ...

MINNEAPOLIS and TORONTO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE: DAY; TSX: DAY), a global human capital management (HCM) leader that makes work life better, today announced Dayforce® AI Agents, the next evolution of AI innovation designed to unlock creativity, productivity, and efficiency for employees by helping automate tedious and time-consuming day-to-day tasks. With a single source of trustworthy people data at its core, Dayforce AI Agents are built to fuel job satisfaction and performa ...

MINNEAPOLIS and TORONTO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE: DAY; TSX: DAY), a global human capital management (HCM) leader that makes work life better, today announced Dayforce® Strategic Workforce Planning, a new AI-enhanced solution purpose-built to tackle complex workforce planning needs. Embedded within the all-in-one Dayforce platform, Dayforce Strategic Workforce Planning delivers valuable intelligence to help leaders make informed decisions on current and future workforce needs, ...

MINNEAPOLIS and TORONTO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE: DAY; TSX: DAY), a global human capital management (HCM) leader that makes work life better, today introduced Dayforce® Communications, a new way for organizations to optimize communications throughout the entire employee lifecycle. Dayforce Communications will provide HR teams with a unified way to communicate with past, present, and future talent across any channel – all within the Dayforce platform. The announcement was made ...

MINNEAPOLIS and TORONTO, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE: DAY; TSX: DAY), a global human capital management (HCM) leader that makes work life better, today announced key investments intended to supercharge the next evolution of its partner ecosystem. The enhanced partner program will help accelerate growth opportunities, innovation, and value across the Dayforce Partner Network to make work life better for customers. The announcement was made at the company’s flagship customer confere ...

Market Overview - The stock market is experiencing nervousness at all-time highs, but the Q3 earnings season has been favorable for several small and mid-cap companies [1] Company Focus: Dayforce (NYSE: DAY) - Dayforce is highlighted as one of the beneficiaries of the favorable Q3 earnings season [1] Industry Insights - Gary Alexander, with extensive experience covering technology companies and advising startups, provides insights into industry trends shaping the sector [1] - His contributions are regularly featured on Seeking Alpha and syndicated to platforms like Robinhood, indicating his influence in the investment community [1]

Dayforce (DAY) reported $440 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 16.6%. EPS of $0.47 for the same period compares to $0.37 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $428.43 million, representing a surprise of +2.70%. The company delivered an EPS surprise of +4.44%, with the consensus EPS estimate being $0.45.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...