Broadridge Financial Solutions Inc

BR

Equity

ISIN US11133T1034 / Valor 2989959

New York Stock Exchange, Inc (2024-12-24)

USD 227.34+1.27%

Broadridge Financial Solutions Inc
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About company

Broadridge Financial Solutions Inc. is a global fintech company that provides communications, technology, data, and analytics solutions to the financial services industry. The company specializes in facilitating secure and accurate processing of financial transactions and communications. Broadridge's services support a wide range of financial operations, including investor communications, securities processing, and data management. By leveraging advanced technology, Broadridge aims to improve the efficiency and effectiveness of the capital markets and contribute to the development of a more secure and transparent financial ecosystem. While the company emphasizes its commitment to diversity, equity, and inclusion, particularly through initiatives like the Diverse Supplier Grant Initiative sponsored by JPMorgan Chase & Co., its core business revolves around enhancing the infrastructure and operations of the financial services sector through innovative solutions.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

In the fourth quarter of fiscal year 2024, Broadridge Financial Solutions Inc. reported a 6% increase in total revenues, reaching $1,944 million compared to $1,839 million in the same period the previous year. Recurring revenues grew by 5% to $1,326 million, driven by internal growth and net new business.

Earnings Performance

Broadridge Financial Solutions Inc. saw its diluted earnings per share remain flat at $2.72 for the fourth quarter of fiscal year 2024. However, adjusted earnings per share increased by 9% to $3.50, reflecting strong operational performance and cost management.

Closed Sales Achievement

For fiscal year 2024, Broadridge Financial Solutions Inc. achieved a record 39% increase in closed sales, totaling $342 million. This growth was attributed to the company's efforts in helping clients adapt to regulatory changes and modernize their technology and operations.

Dividend Increase

Broadridge Financial Solutions Inc. announced its 18th consecutive annual dividend increase, raising the dividend by 10% to $3.52 per share. This reflects the company's commitment to returning value to shareholders while maintaining a balanced approach to capital allocation.

Fiscal Year 2025 Outlook

Looking ahead to fiscal year 2025, Broadridge Financial Solutions Inc. provided guidance for recurring revenue growth of 5-7% on a constant currency basis and adjusted earnings per share growth of 8-12%. This outlook underscores the company's confidence in its strategic initiatives and market positioning.

Summarized from source with an LLMView Source

Key figures

13.9%1Y

26.1%3Y

84.7%5Y

Performance

18.3%1Y

23.3%3Y

25.8%5Y

Volatility