Blackbaud Inc

BLKB

Equity

ISIN US09227Q1004 / Valor 1801347

NASDAQ (2024-11-22)

USD 86.98+1.89%

Blackbaud Inc
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About company

Blackbaud Inc is a company that provides data intelligence to nonprofit organizations through its Target Analytics® business. They collect personal information from various sources to help nonprofits identify and engage with supporters. The data collected is used for internal research, operations, and to improve services, as well as for commercial purposes by sharing information with nonprofit customers. Blackbaud is committed to protecting privacy and follows a policy regarding the collection and use of personal data in connection with their services. Target Analytics® specifically collects data on individuals in the United States to provide accurate information to nonprofit customers in the Social Good space.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Blackbaud Inc. reported GAAP total revenue of $287.3 million for the second quarter of 2024, marking a 6.0% increase compared to the same period in 2023. Non-GAAP organic revenue also saw a rise, increasing by 6.7% year over year. This growth underscores the company's strong market position and effective execution of strategic initiatives.

Profitability

In the second quarter of 2024, Blackbaud Inc. achieved GAAP income from operations of $42.1 million, with a GAAP operating margin of 14.7%, an increase of 1,460 basis points from the previous year. Non-GAAP income from operations was $86.1 million, with a non-GAAP operating margin of 30.0%, reflecting a 260 basis points improvement.

Earnings Per Share

Blackbaud Inc. reported GAAP net income of $21.8 million for Q2 2024, translating to GAAP diluted earnings per share of $0.42, up $0.38 per share from the previous year. Non-GAAP net income was $55.7 million, with non-GAAP diluted earnings per share of $1.08, an increase of $0.10 per share year over year.

Cash Flow

For the second quarter of 2024, Blackbaud Inc. generated GAAP net cash provided by operating activities of $53.8 million, a slight increase of $0.6 million from the same period in 2023. However, non-GAAP free cash flow decreased by $4.4 million to $32.6 million, with a non-GAAP free cash flow margin of 11.4%, down 220 basis points.

Stock Repurchase Program

Blackbaud Inc.'s board of directors approved an expansion of the company's stock repurchase program, increasing the total capacity from $500 million to $800 million. This move reflects the company's strong cash flow and commitment to returning value to shareholders through strategic buybacks.

Summarized from source with an LLMView Source

Key figures

15.2%1Y

6.67%3Y

3.70%5Y

Performance

28.1%1Y

34.3%3Y

39.4%5Y

Volatility