Broadridge Financial

Broadridge Financial Solutions, Inc. engages in the provision of investor communications and technology solutions to banks, broker-dealers, mutual funds, and corporate issuers. It operates through the following segments: Investor Communication Solutions and Global Technology and Operations. The Investor Communication Solutions segment offers services for broker-dealer investor communication, customer communication, corporate issuer, advisor solutions, and mutual fund and retirement solutions. The Global Technology and Operations segment includes middle and back-office securities processing solutions, automation services, and business process outsourcing services. The company was founded in 1962 and is headquartered in Lake Success, NY.

Earnings data Q2 2021

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Earnings data Q1 2025

Broadridge reports strong Q1 earnings, eyes organic growth opportunities

Broadridge's Q1 2023 earnings call showcased strong financial performance, with a focus on recurring revenue growth and margin expansion. The company is confident in its ability to deliver another strong year in fiscal '23, despite challenges in new bookings and closed sales expectations. Broadridge remains well-positioned to capitalize on opportunities in foundational technology and organic revenue growth.

Broadridge Financial reports strong Q2 earnings, eyes growth opportunities

Broadridge Financial's Q2 performance was robust, showcasing growth in key segments and reaffirming full-year guidance. Despite challenges like decelerating growth and potential macro headwinds, the company remains optimistic about sustaining growth targets and leveraging opportunities for further expansion.

Broadridge Financial excels in Q3, poised for sustained growth

Broadridge Financial delivered a strong Q3 performance with growth across key segments and expects steady top and bottom-line growth in the fourth quarter. The company is on track to meet or exceed its 3-year financial objectives, with a focus on enhancing free cash flow conversion and capital allocation strategies.

Broadridge Financial exceeds Q4 expectations, eyes growth opportunities in M&A

Broadridge Financial reported strong Q4 results, met or exceeded financial objectives, and announced plans for dividend increase, share repurchases, and potential M&A. The company expects mid- to high single-digit recurring revenue growth, margin expansion, and strong adjusted EPS growth in fiscal '24. Challenges include sales visibility uncertainties and managing sales timing.

Broadridge Financial reports strong Q1 performance and outlines growth strategies

Broadridge Financial's Q1 2024 showcased robust financial performance and strategic initiatives for growth and margin expansion.
The company's strengths in modernizing investing, disciplined financial management, and competitive positioning bode well for future prospects.
While facing challenges in earnings impact and market competition, Broadridge eyes opportunities in debt reduction, strategic investments, and shareholder value creation.

Broadridge Financial reports strong Q2 results, eyes growth opportunities

Broadridge Financial's Q2 performance reflects a solid foundation for future growth, supported by strong revenue growth and a clear strategic vision. While facing challenges in customization and integration, the company's focus on innovation and client engagement positions it well for success. With a robust pipeline and confidence in meeting financial objectives, Broadridge is poised for continued growth and market leadership.

Broadridge Financial reports strong Q3 performance and growth outlook

Broadridge Financial's Q3 performance reflects solid growth in recurring revenue and adjusted EPS.
Despite challenges in regulatory communications timing, the company remains focused on growth and shareholder engagement.
Management's strategic focus on addressing client needs and enhancing digital capabilities positions Broadridge for long-term success.
Anticipated revenue growth and strong performance outlook indicate a positive trajectory for Broadridge Financial.

Broadridge posts record sales and dividend increase, eyes growth opportunities

Broadridge Financial's Q4 2024 performance reflects strong sales growth, financial stability, and shareholder value creation through dividends and buybacks.
The company's strategic focus on digitization, governance, and market expansion positions it well for sustained growth and profitability.
While facing challenges in maintaining growth targets, Broadridge has opportunities to leverage its strengths in technology, acquisitions, and market trends.

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Clients benefit from simplified market data management, reduced operational risk and implementation costs, and improved time to market for FCMs NEW YORK , June 17, 2024 /PRNewswire/ -- To simplify market data management and reduce operational risk for clients, Broadridge Financial Solutions Inc.  (NYSE:BR), today announced the integration of its global Futures and Options (F&O) Software-as-a-Service (SaaS) Platform with Transaction Network Services (TNS), a global leader in providing mission-critical infrastructure for financial markets. TNS will enhance the functionality of Broadridge's F&O platform for the derivatives market by providing global exchange connectivity for order routing and market data access as the vendor of record.

Transaction Network Services to Provide Order Routing and Market Data for Broadridge's Global Futures and Options Platform

NEW YORK , June 13, 2024 /PRNewswire/ -- Further building on its GenAI leadership in the fixed income market, LTX, an AI-powered corporate bond trading platform backed by global Fintech leader Broadridge Financial Solutions Inc.  (NYSE:BR), today announced GenAI-powered List Trading functionality. The new feature allows users to leverage GPT technology to generate and execute multi-asset class, multi-directional trade lists seamlessly via RFQ+.

LTX, A Broadridge Company, Releases GenAI-Powered List Trading Functionality

LONDON and NEW YORK , June 11, 2024 /PRNewswire/ -- Global Fintech leader  Broadridge Financial Solutions, Inc.  (NYSE: BR), is pleased to announce the appointment of Roz Smith as Chief Operating Officer of Broadridge International, effective May 1, 2024. Smith, who is based in London, will work closely with Mike Sleightholme, President of Broadridge International, to further scale and grow Broadridge internationally and deliver an unparalleled customer service experience in the EMEA and Asia Pacific regions.

Roz Smith Named Chief Operating Officer of Broadridge International

Increasing presence in EMEA and APAC through the Itiviti acquisition boosts Broadridge Financial's (BR) global technology and operations segment.

Why You Should Retain Broadridge Financial (BR) Stock Now

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Broadridge Financial (BR) reported earnings 30 days ago. What's next for the stock?

Why Is Broadridge Financial (BR) Up 2.4% Since Last Earnings Report?

NEW YORK , June 4, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) announced today that Edmund Reese, Chief Financial Officer, will be stepping down from his role, effective June 30, 2024, to become Chief Financial Officer of Aon, a $61 billion market capitalization global professional services firm. Ashima Ghei, who is currently the Chief Financial Officer of Broadridge's $4.5 billion revenue Investor Communication Solutions segment, will serve as Interim Chief Financial Officer.

Broadridge Announces CFO Transition

NEW YORK , May 31, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) announced that it will be participating at upcoming investor events, one of which will include a fireside chat with management, available on Broadridge's Investor Relations page at www.broadridge-ir.com. Baird Global Consumer, Technology & Services Conference – New York City Date: June 5, 2024 Company Host: Edmund Reese, Chief Financial Officer, will host individual investor meetings RBC Capital Markets Financial Technology Conference – New York City Date and Time: June 11, 2024 at 10:40 AM ET Company Speaker: Tim Gokey, Chief Executive Officer About Broadridge Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with more than $6 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communications to enable better financial lives.

Broadridge to Participate in Upcoming Investor Events

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The acquisition is expected to expand Broadridge's (BR) capabilities in digital distribution and marketing for asset management and wealth firms.

Broadridge (BR) Announces the Acquisition of AdvisorTarget

Combining forward-looking advisor intent data with asset holding data enables precision-targeted, cost-effective digital marketing and sales strategies NEW YORK , May 30, 2024 /PRNewswire/ -- Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) announced today that it has acquired AdvisorTarget, a market leader in providing asset management and wealth management firms with data products to help power digital marketing, sales and engagement programs targeting financial advisors. Adding AdvisorTarget's unique advisor insight to Broadridge's existing data and analytics suite will enable asset managers to better target advisors and drive their growth strategies.

Broadridge Acquires AdvisorTarget, Expands Capabilities to Help Asset Management and Wealth Firms Transform Digital Distribution and Marketing

Self-directed assets increase to 23% and the share of investors without a college degree exceeds 50%     ETF usage rose to 47% from 31% in 2018 and is likely to exceed 50% by 2025 The count of Millennial investors is on a path to overtake that of Gen-X investors, Millennial count increases by 9 percentage points since 2018 Female investors have higher median assets than male investors at $52,105 in 2023 compared to men's $50,271 NEW YORK , May 22, 2024 /PRNewswire/ -- The newest edition of the annual U.S. Investor Study, launched today from global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR), provides critical insight into U.S. retail investor habits and enables asset managers, advisors and investors to deepen their understanding of the national investment landscape. This year's Study reveals key trends such as Gen-Z, Millennial and Gen-X investors steadily increasing their share of assets while assets held by Boomers and the Silent Generation continue to decline, the rising popularity of self-directed investing across generations and Americans' slow but steady breakup with mutual funds as allocations to ETFs and U.S. equities rise.

Landmark Broadridge Study of More than 40 Million U.S. Retail Investors Highlights the Dramatic Shifts in How Americans Invest

NEW YORK , May 16, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) announced that its Board of Directors has declared a quarterly cash dividend of $0.80 per share. The dividend is payable July 5, 2024 to stockholders of record at the close of business on June 14, 2024.

Broadridge Declares Quarterly Dividend of $0.80 Per Share

NEW YORK , May 15, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) announced that it will be participating at an upcoming investor event which will include a fireside chat with management, available on Broadridge's Investor Relations page at www.broadridge-ir.com. J.P. Morgan Global Technology, Media and Communications Conference - Boston, Massachusetts Time and Date: May 20, 2023, at 9:20 AM ET Company Speaker: Tim Gokey, Chief Executive Officer About Broadridge Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with more than $6 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communications to enable better financial lives.

Broadridge to Participate in Upcoming Investor Event

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The Zacks Outsourcing industry is poised for growth as business and IT outsourcing become increasingly vital. Companies like BR, BBSI and CNDT are positioned to benefit from these prevailing trends.

3 Outsourcing Stocks to Buy Amid Industry Woes

NEW YORK and TORONTO , May 13, 2024 /PRNewswire/ -- Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), today announced that it will acquire Kyndryl's Securities Industry Services (SIS) wealth and capital markets technology platform. SIS solutions include clearing and settlement, account record keeping, tax and regulatory reporting, and integrated order management activities for Canadian financial services firms.

Broadridge and Kyndryl to Partner in Canadian Wealth Management

NEW YORK , May 9, 2024 /PRNewswire/ --  LTX , a subsidiary of Broadridge Financial Solutions Inc. (NYSE: BR), today announced its integration with MultiLynq , a leading provider of electronic fixed income trading connectivity and integration solutions, to accelerate connectivity to the LTX platform. Solutions like MultiLynq assist dealers and other market participants in more quickly onboarding to LTX, joining the 35+ dealers and 90+ asset managers already on the AI-powered corporate bond trading platform.

LTX by Broadridge Integrates with MultiLynq to Deliver Accelerated Trading Connectivity

Broadridge Financial Solutions, Inc. (NYSE:BR ) Q3 2024 Earnings Conference Call May 8, 2024 8:30 AM ET Company Participants Edings Thibault - IR Tim Gokey - Chief Executive Officer Edmund Reese - Chief Financial Officer Conference Call Participants David Togut - Evercore ISI William Vu - Wolfe Research Patrick O'Shaughnessy - Raymond James Operator Good day, and welcome to the Broadridge Financial Solutions Third Quarter and Fiscal Year 2024 Earnings Conference Call. All participants will be in a listen-only mode.

Broadridge Financial Solutions, Inc. (BR) Q3 2024 Earnings Call Transcript

Broadridge's (BR) Q3 earnings and revenues increase year over year.

Broadridge (BR) Q3 Earnings Meet Estimates, Revenues Miss

While the top- and bottom-line numbers for Broadridge Financial (BR) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Broadridge Financial (BR) Q3 Earnings: A Look at Key Metrics

Recurring revenues grew 4%; up 4% constant currency Diluted EPS rose to $1.79 and Adjusted EPS increased 9% to $2.23 Q3 Closed sales rose 29%; up 19% year-to-date  Expecting FY'24 Recurring revenue growth constant currency at the low end of 6-9% guidance range, Adjusted EPS growth at the middle of 8-12% range, and record Closed sales NEW YORK , May 8, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR) today reported financial results for the third quarter ended March 31, 2024 of its fiscal year 2024. Results compared with the same period last year were as follows:   Summary Financial Results Third Quarter Nine Months Dollars in millions, except per share data 2024 2023 Change 2024 2023 Change Recurring revenues $1,126 $1,082 4 % $2,896 $2,728 6 %      Constant currency growth (Non-GAAP) 4 % 6 % Total revenues $1,726 $1,646 5 % $4,563 $4,222 8 % Operating income $303 $287 6 % $576 $482 19 %      Margin 17.5 % 17.4 % 12.6 % 11.4 % Adjusted Operating income (Non-GAAP) $370 $345 7 % $743 $668 11 %      Margin (Non-GAAP) 21.4 % 21.0 % 16.3 % 15.8 % Diluted EPS $1.79 $1.67 7 % $3.14 $2.58 22 % Adjusted EPS (Non-GAAP) $2.23 $2.05 9 % $4.24 $3.81 11 % Closed sales $80 $62 29 % $185 $156 19 % "Broadridge reported 4% Recurring revenue growth and 9% Adjusted EPS growth in a quarter that was modestly impacted by the timing of annual meetings," said Tim Gokey, Broadridge CEO.

Broadridge Reports Third Quarter Fiscal 2024 Results

Get a deeper insight into the potential performance of Broadridge Financial (BR) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Insights Into Broadridge Financial (BR) Q3: Wall Street Projections for Key Metrics

NEW YORK--(BUSINESS WIRE)--Prometheum Capital LLC (“Prometheum”), a subsidiary of Prometheum Inc., today announced it has selected Broadridge Financial Solutions, Inc. (NYSE: BR) for back-office solutions as the firm prepares to launch its full-suite of custody, clearing, and settlement services for digital asset securities. Prometheum will deploy Broadridge's Shadow Post Trade Processing Solution and Business Process Outsourcing (BPO) solutions. Prometheum will use Broadridge's robust capabili.

Prometheum Selects Broadridge to Strengthen Post-Trade Lifecycle and Back-Office Operations

NEW YORK , April 19, 2024 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) is scheduled to release its financial results for the third quarter of fiscal year 2024 on Wednesday, May 8, 2024. Broadridge will host a webcast and conference call to discuss those results at 8:30 a.m.

Broadridge Schedules Webcast and Conference Call to Review Third Quarter Fiscal Year 2024 Results on May 8, 2024

CENTENNIAL, CO / ACCESSWIRE / April 17, 2024 / NioCorp Developments Ltd. ("NioCorp" or the "Company") (NASDAQ:NB)(TSX:NB) announces that its board of directors (the "Board") has approved the voluntary delisting of the Company's common shares from the Toronto Stock Exchange (the "TSX") (the "Delisting").

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