Broadridge reports third quarter fiscal 2024 results
Recurring revenues grew 4%; up 4% constant currency diluted eps rose to $1.79 and adjusted eps increased 9% to $2.23 q3 closed sales rose 29%; up 19% year-to-date expecting fy'24 recurring revenue growth constant currency at the low end of 6-9% guidance range, adjusted eps growth at the middle of 8-12% range, and record closed sales new york , may 8, 2024 /prnewswire/ -- broadridge financial solutions, inc. (nyse: br) today reported financial results for the third quarter ended march 31, 2024 of its fiscal year 2024. results compared with the same period last year were as follows: summary financial results third quarter nine months dollars in millions, except per share data 2024 2023 change 2024 2023 change recurring revenues $1,126 $1,082 4 % $2,896 $2,728 6 % constant currency growth (non-gaap) 4 % 6 % total revenues $1,726 $1,646 5 % $4,563 $4,222 8 % operating income $303 $287 6 % $576 $482 19 % margin 17.5 % 17.4 % 12.6 % 11.4 % adjusted operating income (non-gaap) $370 $345 7 % $743 $668 11 % margin (non-gaap) 21.4 % 21.0 % 16.3 % 15.8 % diluted eps $1.79 $1.67 7 % $3.14 $2.58 22 % adjusted eps (non-gaap) $2.23 $2.05 9 % $4.24 $3.81 11 % closed sales $80 $62 29 % $185 $156 19 % "broadridge reported 4% recurring revenue growth and 9% adjusted eps growth in a quarter that was modestly impacted by the timing of annual meetings," said tim gokey, broadridge ceo.
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