Broadridge reports fourth quarter and fiscal 2024 results
Fiscal year 2024 recurring revenues grew 6% on a reported and constant currency basis diluted eps grew 11% and adjusted eps grew 10% to $7.73 closed sales rose 39% to a record $342 million 18th consecutive annual dividend increase, up 10% to $3.52 per share fiscal year 2025 guidance of 5-7% recurring revenue growth constant currency and 8-12% adjusted eps growth new york , aug. 6, 2024 /prnewswire/ -- broadridge financial solutions, inc. (nyse: br) today reported financial results for the fourth quarter and fiscal year 2024. results compared with the same period last year were as follows: summary financial results fourth quarter fiscal year dollars in millions, except per share data 2024 2023 change 2024 2023 change recurring revenues $1,326 $1,259 5 % $4,223 $3,987 6 % constant currency growth - non-gaap 5 % 6 % total revenues $1,944 $1,839 6 % $6,507 $6,061 7 % operating income $441 $454 (3 %) $1,017 $936 9 % margin 22.7 % 24.7 % 15.6 % 15.4 % adjusted operating income - non-gaap $559 $531 5 % $1,303 $1,199 9 % margin 28.8 % 28.9 % 20.0 % 19.8 % diluted eps $2.72 $2.72 — % $5.86 $5.30 11 % adjusted eps - non-gaap $3.50 $3.21 9 % $7.73 $7.01 10 % closed sales $157 $90 74 % $342 $246 39 % "as we close fiscal year 2024, broadridge is executing on its strategy to democratize and digitize governance, simplify and innovate trading in capital markets, and modernize wealth management," said tim gokey, broadridge ceo.
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