Broadridge Financial Solutions (NYSE:BR) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS
Adjusted earnings of $1.56 a share and revenue of $1.67 billion both beat analyst forecasts, the company said.
- On Tuesday, Broadridge Financial Solutions Inc. reported fiscal first-quarter earnings of $94.8 million, surpassing Wall Street forecasts with total revenue of $1.67 billion.
- Recurring revenue climbed 11% to $1.08 billion, driven by double-digit growth across governance and global technology segments. Governance revenues rose 10% on a constant currency basis, fueled by investor participation and position growth.
- Broadridge realized $6 million in artificial intelligence productivity savings this quarter, tracking toward a $25 million full-year target. The company expanded tokenization partnerships with Kraken Payward, Ondo, and Alpaca to simplify complex trading.
- Free cash flow surged to $76 million, up from $13 million a year ago, while management returned $311 million to shareholders through $200 million in share repurchases and $111 million in dividends during the first quarter.
- Despite a $40 million non-cash loss on digital assets, Broadridge reaffirmed its fiscal 2027 outlook for 8%-12% adjusted EPS growth and full-year closed sales guidance of $290 million to $330 million.
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Broadridge Financial Solutions (NYSE:BR) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS
Broadridge Financial Solutions (NYSE:BR - Get Free Report) issued its quarterly earnings data on Tuesday. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.19. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.65 billion.…
What Broadridge Financial Solutions (BR) Said on Its Q1 Earnings Call
Broadridge Financial Solutions (NYSE:BR) reported a strong start to fiscal 2027, with first-quarter recurring revenue rising 11% on a constant-currency basis and adjusted earnings per share increasing 3% to $1.56. The company reaffirmed its full-year outlook, citing continued investor participation, demand for capital-markets technology and progress in digital engagement, tokenization and artificial intelligence initiatives. Chief […]
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