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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].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Missouri 44-0607856 One H&R Block Way, Kansas City, Missouri 64105 (Address of principal executive offices, including zip code) (816) 854-3000 (Registrant's telephone number, including area code) OR ☐ TR ...

H&R Block, Inc. (NYSE:HRB) Q4 2023 Earnings Conference Call August 15, 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 George Tong - Goldman Sachs Scott Schneeberger - Oppenheimer & Company Operator Thank you for standing by, and welcome to H&R Block's Full Year 2023 Financial Results Conference Call. At this tim ...

Chief Financial Officer Year ended Deliver enhanced Reduce expenses customer and increase experiences productivity t | ම President & Chief Executive Officer | --- | --- | |------------------------------------------------------------------------|-------------------------------------| | | wave | | ▪ +6% YoY small business assisted tax revenue growth; 5% NAC increase | ▪ +12% revenue growth YoY in FY23 | | ▪ Bookkeeping and payroll services gaining traction | ▪ Focused on | | ▪ Business formation tool launched ...

H&R Block, Inc. (NYSE:HRB) Q3 2023 Earnings Conference Call May 9, 2023 4:30 PM ET Company Participants Michaella Gallina - VP of IR Jeff Jones - President and CEO Tony Bowen - CFO Conference Call Participants George Tong - Goldman Sachs Kartik Mehta - Northcoast Research Scott Schneeberger - Oppenheimer & Company Operator Thank you for standing by, and welcome to H&R Block's Third Quarter Fiscal 2023 Financial Results Conference Call. [Operator Instructions] I would now like to hand the call over to Vice P ...

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 March 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 (I. ...