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Jun 30, 2020
Broadridge Q4 2020 Earnings Report
Broadridge reported strong Q4 2020 results with adjusted EPS growth of 25% and recurring revenue growth of 14%.
Key Takeaways
Broadridge reported strong Q4 and fiscal year 2020 results, including 10% recurring revenue growth and 8% adjusted EPS growth. The company's performance validates its business model and value proposition, giving confidence in its long-term opportunity. Broadridge achieved its three-year objectives for recurring revenue growth, margin expansion, and adjusted EPS growth.
Total revenues increased 12% to $1,362 million.
Recurring fee revenues increased 14% to $930 million.
Adjusted EPS increased 25% to $2.15.
Closed sales were $112 million, a 55% increase.
Revenue by Segment
Forward Guidance
Broadridge anticipates recurring revenue growth of 2-6%, total revenue growth of 0-4%, an increase of ~100 bps in adjusted operating income margin, and adjusted earnings per share growth of 4-10% in fiscal year 2021. Closed sales are expected to be $190-235 million.
Positive Outlook
- Recurring revenue growth of 2-6%
- Total revenue growth of 0-4%
- Adjusted Operating income margin increase of ~100 bps
- Adjusted earnings per share growth of 4-10%
- Closed sales of $190-235M
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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