KANSAS CITY, Mo., May 08, 2024 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE:HRB) today announced that Tony Bowen, Chief Financial Officer, and Michaella Gallina, Vice President, Investor Relations, ESG, & Productivity, will host virtual investor meetings at the 18th Annual Barrington Research Virtual Spring Investment Conference on Thursday, May 16, 2024. To request a meeting, please contact your Barrington Research salesperson. About H&R Block H&R Block, Inc. (NYSE:HRB) provides help and inspires confidence i ...

KANSAS CITY, Mo., May 07, 2024 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE:HRB) (the "Company") today announced that its Board of Directors declared a quarterly cash dividend of $0.32 cents per share, payable July 3, 2024, to shareholders of record as of June 5, 2024. H&R Block has paid quarterly dividends consecutively for over sixty years since the Company became public in 1962. Since 2016, the Company has grown the dividend over 60%1 and has returned more than $3.8 billion to shareholders through dividends ...

KANSAS CITY, Mo., April 25, 2024 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE: HRB) will report fiscal 2024 third quarter results on Thursday, May 9, 2024, after the New York Stock Exchange market close. At that time, a copy of the press release and presentation will be available on the company's investor relations website at https://investors.hrblock.com/. A conference call for analysts, institutional investors, and shareholders will be held at 4:30 p.m. Eastern time on Thursday, May 9, 2024. During the confe ...

KANSAS CITY, Mo., April 25, 2024 (GLOBE NEWSWIRE) -- H&R Block, Inc. (NYSE:HRB) will report fiscal 2024 third quarter results on Thursday, May 9, 2024, after the New York Stock Exchange market close. At that time, a copy of the press release and presentation will be available on the company's investor relations website at https://investors.hrblock.com/. A conference call for analysts, institutional investors, and shareholders will be held at 4:30 p.m. Eastern time on Thursday, May 9, 2024. During the confer ...

Dividend stocks are finally cycling back into portfolios after a few years’ worth of higher interest rates put fixed-income options ahead of dividend distribution yield for income investors. As those investors circle back toward dividend stocks, a few things have changed about how to best look at the many available offerings – but that’s true for most stock segments today.For example, today’s growth-minded investors demand stronger financial and fundamental credentials compared to the ZIRP era, when any com ...

KANSAS CITY, Mo., April 05, 2024 (GLOBE NEWSWIRE) -- The number of filers that wait until April 15 to file their taxes is surprisingly high according to H&R Block and IRS data. This year, H&R Block (NYSE:HRB), the company that revolutionized the tax services industry, is helping last-minute filers lower their stress level and experience the joy of completing an important task five days ahead of the filing deadline. New clients who file in-person or virtually with an H&R Block tax pro by April 10th will rece ...

H&R Block, Inc. (NYSE:HRB) Q2 2024 Earnings Conference Call February 6, 2024 4:30 PM ET Company Participants Michaella Gallina - Vice President of Investor Relations Jeff Jones - President and Chief Executive Officer Tony Bowen - Chief Financial Officer Conference Call Participants Kartik Mehta - Northcoast Research George Tong - Goldman Sachs Scott Schneeberger - Oppenheimer & Company Alex Paris - Barrington Research Operator Thank you for standing by, and welcome to H&R Block's Second Quarter Fiscal Year ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 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 1-06089 H&R Block, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

H&R Block, Inc. (NYSE:HRB) Q1 2024 Results Conference Call November 7, 2023 4:30 PM ET Company Participants Michaella Gallina - Vice President of Investor Relations Jeff Jones - President and Chief Executive Officer Tony Bowen - Chief Financial Officer Conference Call Participants Kartik Mehta - Northcoast Research Scott Schneeberger - Oppenheimer & Company George Tong - Goldman Sachs Operator Thank you for standing by, and welcome to H&R Block's First Quarter Fiscal Year 2024 Earnings Conference Call. At t ...

Revenue Performance - Total revenues for the three months ended September 30, 2023, were $183.8 million, a 2.0% increase from $179.985 million in the same period of 2022[9]. - Service revenues increased to $171.726 million, up from $167.194 million year-over-year, representing a growth of 3.0%[9]. - For the three months ended September 30, 2023, total revenues increased to $183.8 million, up from $180.0 million in the same period of 2022, representing a growth of approximately 2.0%[26]. - Total revenues for Q1 FY2024 increased by $3.8 million, or 2.1%, to $183.8 million compared to $179.9 million in Q1 FY2023[75]. - U.S. assisted tax preparation revenues rose by $3.0 million, or 8.1%, primarily due to a higher net average charge[76]. - International tax preparation revenues increased by $1.7 million, or 2.9%, driven by higher volumes in Australia[77]. Net Loss and Earnings Per Share - The net loss for the three months ended September 30, 2023, was $163.482 million, compared to a net loss of $168.421 million in the same period of 2022, showing a 2.8% improvement[9]. - The net loss from continuing operations attributable to common shareholders for Q1 FY2024 was $163.1 million, compared to a net loss of $167.5 million in Q1 FY2023, showing a slight improvement[29]. - Basic and diluted loss per share for continuing operations was $1.11, compared to $1.05 for the same period last year[9]. - Basic loss per share from continuing operations was $(1.11) for the three months ended September 30, 2023, compared to $(1.05) for the same period in 2022[29]. - Net loss from continuing operations was $162.9 million, a decrease of $4.5 million, or 2.7%, compared to the prior year[80]. - Basic and diluted loss per share from continuing operations increased by 5.7% to $(1.11) due to fewer shares outstanding from share repurchases[81]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the period were $426.990 million, down from $986.975 million at the end of the previous quarter, a decrease of 56.7%[11]. - Net cash used in operating activities for the three months ended September 30, 2023, was $334.989 million, compared to $321.666 million in the same period of 2022, an increase of 4.1%[13]. - Cash used in operating activities totaled $335.0 million for the three months ended September 30, 2023, compared to $321.7 million in the prior year period, reflecting a year-over-year increase of approximately 4.1%[87]. - The company’s cash, cash equivalents, and restricted cash at the end of the period totaled $457,560,000, compared to $431,374,000 at the same time last year, an increase of approximately 6.1%[13]. - The company experienced a decrease in international cash balances due to foreign exchange rate changes, amounting to $3.7 million for the three months ended September 30, 2023[98]. Assets and Liabilities - Total current assets decreased to $631.840 million as of September 30, 2023, from $1.187 billion as of June 30, 2023, a decline of 46.6%[11]. - Total liabilities decreased to $2.856 billion as of September 30, 2023, from $3.040 billion as of June 30, 2023, a reduction of 6.0%[11]. - Total assets decreased from $3,072,258,000 as of June 30, 2023, to $2,511,052,000 as of September 30, 2023, representing a decline of approximately 18.2%[11]. - Total current liabilities decreased from $938,782,000 as of June 30, 2023, to $792,786,000 as of September 30, 2023, a decrease of about 15.5%[11]. - The total long-term debt as of September 30, 2023, is $1.489 billion, with an estimated fair value of $1.325 billion[42]. Operating Expenses - Total operating expenses increased by $1.0 million, or 0.3%, totaling $390.1 million, with other wages rising by $8.3 million, or 13.1%[78]. - The company reported total operating expenses of $390.126 million for the three months ended September 30, 2023, slightly higher than $389.096 million for the same period in 2022[9]. - Capital expenditures for the three months ended September 30, 2023, were $12.9 million, down from $16.2 million in the prior year[95]. Stock and Dividends - Dividends declared per share increased to $0.32 from $0.29 year-over-year, reflecting a growth of 10.3%[9]. - Cash dividends paid amounted to $42,953,000 for the three months ended September 30, 2023, slightly down from $43,093,000 in the same period last year[13]. - The company repurchased $132.0 million of its common stock at an average price of $40.43 per share during the quarter[92]. - The company repurchased common stock totaling $150,442,000 during the three months ended September 30, 2023, compared to $202,845,000 in the prior year period, reflecting a decrease of approximately 26%[13]. Tax and Compliance - The effective tax rate for continuing operations was 23.3% for the three months ended September 30, 2023, compared to 24.4% for the same period in 2022[47]. - The company had gross unrecognized tax benefits of $237.9 million as of September 30, 2023, a decrease of $2.2 million from the previous quarter[46]. - The company had no outstanding balance under its committed line of credit (CLOC) as of September 30, 2023, with amounts available to borrow not limited by the debt-to-EBITDA covenant[44]. Miscellaneous - The company provides assisted and DIY tax preparation solutions through multiple channels, including in-person and online services[73]. - The company reports a single segment that includes all of its continuing operations[73]. - The company has amended its Program Management Agreement and entered into a new participation agreement related to Earned Assets (EAs) originated by Pathward effective October 20, 2023[99].