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Sep 30, 2024
CSG Systems Q3 2024 Earnings Report
CSG Systems' Q3 2024 performance reflected good operating results, leading to increased profitability and non-GAAP EPS guidance for the second consecutive quarter, along with a commitment to return over $100 million to shareholders through dividends and buybacks.
Key Takeaways
CSG Systems International reported a 2.9% increase in revenue to $295.1 million for Q3 2024. GAAP EPS increased to $0.67, and non-GAAP EPS rose to $1.06. The company is raising its 2024 profitability and non-GAAP EPS guidance targets for a second consecutive quarter and plans to return $100+ million to shareholders via dividends and share repurchases in each of 2024 and 2025.
Total revenue was $295.1 million.
GAAP operating income was $31.8 million, with a margin of 10.8%.
GAAP earnings per diluted share (EPS) was $0.67, and non-GAAP EPS was $1.06.
Cash flows from operations were $39.5 million, with non-GAAP free cash flow of $32.0 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
CSG is revising its financial guidance for the full year 2024.
Positive Outlook
- Revenue: No change, remains at $1,200 - $1,240 million
- Adjusted Operating Margin Percentage: Revised to 17.7% - 18.1% (previous: 17.3% - 17.7%)
- EPS: Revised to $4.25 - $4.55 (previous: $4.05 - $4.35)
- Adjusted EBITDA: Revised to $251 - $261 million (previous: $247 - $257 million)
- Free Cash Flow: No change, remains at $95 - $135 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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