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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.
CSG Systems
CSG Systems
CSG Systems Revenue by Segment
CSG Systems Revenue by Geographic Location
Revenue by Segment
Broadband/Cable/Satellite Revenue
CapyFin.comTelecommunications Revenue
CapyFin.comAll other Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEurope, Middle East and Africa Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com 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