Group 1 - Dayforce reported quarterly earnings of $0.47 per share, exceeding the Zacks Consensus Estimate of $0.45 per share, and up from $0.37 per share a year ago, representing an earnings surprise of 4.44% [1] - The company achieved revenues of $440 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.70%, compared to $377.5 million in the same quarter last year [2] - Dayforce has outperformed consensus EPS estimates three times over the last four quarters [2] Group 2 - The stock has underperformed the market, losing about 2.7% since the beginning of the year, while the S&P 500 gained 22.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.49 on revenues of $459.54 million, and for the current fiscal year, it is $1.84 on revenues of $1.74 billion [7] - The Zacks Industry Rank for Internet - Software is in the top 33% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

r UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each classTrading Symbol(s) Name of each exchange on which registered Common stock, $0.01 par value DAY New York Stock Exchange FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly reporting period ended September 30, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file ...

Exhibit 99.1 Dayforce Reports Third Quarter 2024 Results 1 Dayforce® recurring revenue of $333.2 million, up 19% Total revenue of $440.0 million, up 17% Year-to-date net cash provided by operating activities of $200.1 million, up 54% Minneapolis, MN and Toronto, ON, October 30, 2024 - Dayforce, Inc. ("Dayforce" or the "Company") (NYSE:DAY) (TSX:DAY), a global leader in human capital management ("HCM") technology, today announced its financial results for the third quarter ended September 30, 2024. "Our dedi ...

MINNEAPOLIS and TORONTO, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE: DAY; TSX: DAY), a global human capital management (HCM) leader that makes work life better, today announced the launch of its mass brand advertising campaign, ‘Do the work you’re meant to do.’ Brought to life through television and out-of-home (OOH) displays across the U.S., the campaign encourages viewers to harness simplicity at scale in their HR operations to achieve greater purpose and meaning within their work lives. Dayf ...

MINNEAPOLIS, Minn. and TORONTO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE: DAY; TSX: DAY), a global human capital management (HCM) leader that makes work life better, will host customers, partners, and industry visionaries for the new Dayforce Discover annual customer conference, to be held on November 11-14 at the Wynn Las Vegas. Registration is open for the in-person experience as well as the live stream of the conference's mainstage keynotes. Centered around the company's brand promise to ma ...

MINNEAPOLIS and TORONTO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE:DAY) (TSX:DAY), a global human capital management (HCM) leader that makes work life better, today announced the date for the release of its third quarter 2024 earnings and its participation in upcoming investor conferences. Third Quarter 2024 Earnings Date Dayforce will release third quarter 2024 financial results before the open of regular market trading on Wednesday, October 30, 2024. The company will host a live webcast and c ...

Table of Contents CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q ("Form 10-Q") contains, or incorporates by reference, not only historical information, but also forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended ("Exchange Act") and that are subject to the safe harbor created by those sections. Forward-looking statements include, ...

[Q2 2024 Earnings Summary](index=1&type=section&id=Q2_2024_Earnings_Summary) Dayforce reported strong Q2 2024 results, with revenue growth, improved adjusted profitability, and strategic advancements [Financial Highlights](index=1&type=section&id=Financial_Highlights) Dayforce reported strong financial results for the second quarter of 2024, with total revenue increasing 15.7% to $423.3 million and Dayforce recurring revenue growing 19.9% to $321.6 million Q2 2024 Key Financial Metrics (YoY) | Metric | Q2 2024 | Q2 2023 | Change | Constant Currency Change | | :--- | :--- | :--- | :--- | :--- | | **Total Revenue** | $423.3M | $365.9M | +15.7% | +16.3% | | **Dayforce Recurring Revenue** | $321.6M | $268.2M | +19.9% | +20.4% | | **Operating Profit** | $14.1M | $29.4M | -52.0% | N/A | | **Adjusted Operating Profit** | $94.9M | $83.0M | +14.3% | N/A | | **Net (Loss) / Income** | ($1.8M) | $3.1M | - | N/A | | **Adjusted Net Income** | $76.2M | $50.8M | +50.0% | N/A | | **Diluted EPS** | ($0.01) | $0.02 | - | N/A | | **Adjusted Diluted EPS** | $0.48 | $0.32 | +50.0% | N/A | | **Adjusted EBITDA** | $116.3M | $98.4M | +18.2% | N/A | - The number of customers live on the Dayforce platform grew by **6.1%** year-over-year, reaching **6,657** as of June 30, 2024[34](index=34&type=chunk) - For the six months ended June 30, 2024, net cash from operating activities increased **16%** to **$108.3 million**, and free cash flow grew to **$53.9 million** from **$36.5 million** in the prior year period[5](index=5&type=chunk)[7](index=7&type=chunk) - Dayforce recurring revenue per customer for the trailing twelve months increased by **17.7%** to **$154,998**[8](index=8&type=chunk) [Management Commentary and Corporate Actions](index=1&type=section&id=Management_Commentary_and_Corporate_Actions) Management highlighted continued business momentum, attributing success to the simplicity and efficiency of the Dayforce platform - CEO David Ossip credited the company's success to the simplicity and efficiency benefits that customers realize from the Dayforce platform[30](index=30&type=chunk) - CFO Jeremy Johnson announced a Board-approved **$500 million** share repurchase program, citing strong results and improved cash flow generation[5](index=5&type=chunk) - The company will host its first Investor Day on November 12, 2024, in Las Vegas to present its vision, strategy, and multi-year financial model[5](index=5&type=chunk) [Business, Product, and Customer Highlights](index=2&type=section&id=Business_Product_and_Customer_Highlights) Dayforce received multiple industry recognitions for value realization and sustainability, and significantly expanded its global advisory partner ecosystem - Dayforce received accolades from The Hackett Group, was named a Leader in the PEAK Matrix® Assessment 2024 for People Analytics, and ranked 1 on USA TODAY's list of America's Climate Leaders 2024[10](index=10&type=chunk) - The company expanded its global advisory partner ecosystem by adding **11** new partners[10](index=10&type=chunk) - Notable new customer wins include the Government of Canada (expanding usage), a global agribusiness company with over **20,000** employees, and a UK-based hospitality brand with over **20,000** employees[11](index=11&type=chunk) - Dayforce Wallet achieved a milestone, delivering over **$4 billion** in on-demand payroll to users, with over **1,270** customers live on the platform as of June 30, 2024[16](index=16&type=chunk) - Product enhancements were released for Dayforce Co-Pilot (AI), Talent acquisition experiences, and compliance, with over **200** compliance updates in the first half of 2024[41](index=41&type=chunk) [Business Outlook](index=4&type=section&id=Business_Outlook) Dayforce provides financial guidance for Q3 and full year 2024, detailing expected revenue and adjusted EBITDA [Q3 and Full Year 2024 Guidance](index=4&type=section&id=Q3_and_Full_Year_2024_Guidance) Dayforce provided its financial outlook for the third quarter and full year of 2024 Financial Guidance for Q3 and Full Year 2024 | Guided Metrics | Third Quarter 2024 | Full Year 2024 | | :--- | :--- | :--- | | **Total Revenue** | $425M - $430M (+13% to 14%) | $1,736M - $1,746M (+15% to 15.5%) | | **Dayforce Recurring Revenue (ex-float)** | $289M - $294M (+18% to 20%) | $1,163M - $1,168M (+21% to 21.5%) | | **Float Revenue** | $40M | $187M | | **Adjusted EBITDA** | $115M - $125M | $490M - $505M | - The guidance for Q3 and Q4 2024 assumes an average USD to CAD foreign exchange rate of **$1.38**[19](index=19&type=chunk) [Consolidated Financial Statements (Unaudited)](index=7&type=section&id=Consolidated_Financial_Statements) This section presents Dayforce's unaudited consolidated financial statements, detailing operations, balance sheets, and cash flows [Condensed Consolidated Statements of Operations](index=8&type=section&id=Condensed_Consolidated_Statements_of_Operations) The statement of operations shows a 15.7% increase in total revenue to $423.3 million for Q2 2024, resulting in a net loss of $1.8 million Q2 2024 Statement of Operations Highlights (in millions) | Line Item | Q2 2024 | Q2 2023 | | :--- | :--- | :--- | | **Total Revenue** | $423.3 | $365.9 | | **Gross Profit** | $186.8 | $155.9 | | **Operating Profit** | $14.1 | $29.4 | | **Net (Loss) Income** | $(1.8) | $3.1 | [Condensed Consolidated Balance Sheets](index=7&type=section&id=Condensed_Consolidated_Balance_Sheets) As of June 30, 2024, Dayforce's balance sheet shows total assets of $9.05 billion and total liabilities of $6.57 billion Balance Sheet Summary (in millions) | Account | June 30, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | **Total Current Assets** | $5,836.6 | $5,955.2 | | **Total Assets** | $9,046.1 | $9,010.9 | | **Total Current Liabilities** | $5,280.3 | $5,334.9 | | **Total Liabilities** | $6,570.3 | $6,612.7 | | **Total Stockholders' Equity** | $2,475.8 | $2,398.2 | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed_Consolidated_Statements_of_Cash_Flows) For the six months ended June 30, 2024, net cash provided by operating activities was $108.3 million, with significant net cash used in investing activities Six Months Ended June 30 Cash Flow Summary (in millions) | Activity | 2024 | 2023 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $108.3 | $93.0 | | **Net cash (used in) provided by investing activities** | $(383.5) | $14.9 | | **Net cash provided by financing activities** | $7.7 | $119.5 | | **Net (decrease) increase in cash** | $(289.2) | $290.5 | [Supplemental Financial Information and Non-GAAP Reconciliation](index=12&type=section&id=Supplemental_Financial_Information_and_Non-GAAP_Reconciliation) This section details revenue analysis, GAAP to non-GAAP reconciliations, and definitions of key non-GAAP metrics [Revenue Analysis](index=12&type=section&id=Revenue_Analysis) This section provides a detailed breakdown of revenue by source for Q2 and the first six months of 2024 Q2 2024 Revenue Breakdown (in millions) | Revenue Stream | Q2 2024 | Q2 2023 | Growth (GAAP) | Growth (Constant Currency) | | :--- | :--- | :--- | :--- | :--- | | **Dayforce recurring, ex-float** | $277.7 | $231.3 | 20.1% | 20.5% | | **Dayforce float** | $43.9 | $36.9 | 19.0% | 19.5% | | **Total Dayforce recurring** | $321.6 | $268.2 | 19.9% | 20.4% | | **Total Cloud recurring** | $346.2 | $292.3 | 18.4% | 19.0% | | **Professional services & other** | $58.3 | $51.0 | 14.3% | 14.5% | | **Total Revenue** | $423.3 | $365.9 | 15.7% | 16.3% | [Reconciliation of GAAP to Non-GAAP Financial Measures](index=15&type=section&id=Reconciliation_of_GAAP_to_Non-GAAP_Financial_Measures) Dayforce provides reconciliations of its GAAP results to non-GAAP measures to exclude specific items Q2 2024 GAAP to Non-GAAP Reconciliation Highlights (in millions) | Metric | GAAP | Adjustments | Non-GAAP (Adjusted) | | :--- | :--- | :--- | :--- | | **Operating Profit** | $14.1 | +$80.8 | $94.9 | | **Net (Loss) Income** | $(1.8) | +$78.0 | $76.2 | | **EBITDA** | $61.7 | +$54.6 | $116.3 (Adjusted EBITDA) | - Key adjustments for Q2 2024 included **$40.8 million** in share-based compensation, **$29.5 million** in amortization of intangibles, and **$10.5 million** in restructuring expenses[64](index=64&type=chunk) [Reconciliation of Free Cash Flow](index=19&type=section&id=Reconciliation_of_Free_Cash_Flow) Free cash flow, a non-GAAP measure of liquidity, is calculated by subtracting capital expenditures from net cash provided by operating activities Free Cash Flow Calculation (in millions) | Line Item | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | $108.3 | $93.0 | | **Expenditures for property, plant, and equipment** | $(6.7) | $(10.1) | | **Expenditures for software and technology** | $(47.7) | $(46.4) | | **Free cash flow** | $53.9 | $36.5 | [Definitions of Non-GAAP Financial Measures](index=20&type=section&id=Definitions_of_Non-GAAP_Financial_Measures) This section defines the non-GAAP financial measures used throughout the earnings release - **Adjusted EBITDA** is defined as net income before interest, taxes, depreciation, and amortization, adjusted to exclude share-based compensation and other certain items[89](index=89&type=chunk) - **Adjusted Net Income** excludes items such as share-based compensation and amortization of acquisition-related intangible assets, adjusted for the effect of income taxes[89](index=89&type=chunk) - **Free Cash Flow** is defined as net cash provided by operating activities less capital expenditures for property, plant, equipment, software, and technology[89](index=89&type=chunk)[95](index=95&type=chunk)

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 reporting period ended March 31, 2024 ☐ 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 001-38467 Dayforce, Inc. (Exact name of registrant as specified in its charter) Delaware 46-3231686 (State or Other Jurisdiction of Inco ...

Dayforce Platform Performance - Dayforce platform had 6,575 live customers as of March 31, 2024, a 6.4% year-over-year increase from March 31, 2023[1] - Dayforce recurring revenue reached $337.2 million, up 24.3% year-over-year, with $282.4 million excluding float revenue, up 23.0%[13] - Dayforce recurring revenue per customer was $150,362 for the trailing twelve months ended March 31, 2024, a 19.2% increase[15] - Dayforce Wallet had over 1,960 customers signed on, with more than 1,200 live customers as of March 31, 2024, and an average registration rate above 65%[18] - Dayforce Co-Pilot, an AI-enhanced feature, was introduced to boost recruiter productivity and improve employee access to company FAQs[6] - Dayforce completed 160+ global compliance updates to enhance year-end requirements, reporting functionalities, and tax rates[6] - Dayforce recurring revenue increased by 24.3% to $337.2 million, with Dayforce float revenue growing by 31.7% to $54.8 million[43] - The average float balance for Dayforce's customer funds during the quarter was $5.56 billion, with an average yield of 4.4%, generating $60.7 million in float revenue[61] Financial Performance - Operating profit was $40.7 million, or 9.4% of total revenue, compared to $38.4 million, or 10.4% of total revenue in the previous year[14] - Total revenue increased by 16.4% to $431.5 million, with recurring revenue contributing $382.7 million[43] - Total revenue for Q1 2024 was $431.5 million, a 16.4% increase year-over-year, or 16.5% on a constant currency basis[59] - Total revenue of $431.5 million, up 16.4%[91] - Net income decreased to $7.1 million in Q1 2024 from $9.9 million in Q1 2023, reflecting higher operating expenses[39] - Net income was $7.1 million, compared to $9.9 million[93] - Adjusted net income was $68.0 million, compared to $49.3 million[93] - Adjusted diluted net income per share was $0.31, compared to $0.06 on a GAAP basis[46] - Adjusted diluted net income per share was $0.43, compared to $0.31 in the previous year[57] Cash Flow and Investments - Cash flows from operating activities were $9.1 million, down from $11.3 million in the prior year period[39] - Net cash provided by operating activities was $9.1 million, compared to $11.3 million in the previous year[60] - Net cash used in investing activities was $290.7 million, primarily due to acquisitions and marketable securities purchases[39] - Dayforce's cash, restricted cash, and equivalents stood at $4,899.2 million at the end of Q1 2024, compared to $5,341.4 million in Q1 2023[39] Guidance and Projections - Dayforce issued Q2 2024 guidance with total revenue expected to be $414 million to $419 million, a 13% to 15% increase year-over-year[20] - Full-year 2024 guidance projects total revenue of $1,730 million to $1,740 million, a 14% to 15% increase year-over-year[20] Adjusted Metrics and Margins - Adjusted EBITDA for Q1 2024 was $105.4 million, representing a 28.4% margin[46] - Adjusted EBITDA for Q1 2024 was $129.9 million, representing a 30.1% margin[77] - Adjusted EBITDA was $129.9 million, compared to $105.4 million[90] - Cloud recurring gross margin was 79.0%, compared to 77.3%[92] - Adjusted cloud recurring gross margin was 80.0%, compared to 78.7%[92] - Operating profit of $40.7 million[90] - Adjusted operating profit of $109.1 million[90] Total Assets and Revenue Growth - Total assets increased to $10,775.2 million as of March 31, 2024, compared to $9,010.9 million as of December 31, 2023[11] - Total Cloud recurring revenue grew by 23.0% to $363.2 million, driven by strong performance in Dayforce and Powerpay segments[43] - Cloud recurring revenue was $382.7 million, up from $317.9 million in the previous year[81] Share-Based Compensation - Share-based compensation expense was $38.0 million, slightly lower than the $40.2 million recorded in Q1 2023[39] Corporate Developments - The company acquired eloomi A/S, a learning experience platform software provider[75] - Dayforce changed its legal name and brand from Ceridian HCM Holding Inc. to Dayforce, Inc., and its ticker symbol to "DAY"[75] - The company released its 2024 ESG Report, detailing its sustainability strategy across five pillars[75]