Earnings Call Summary | Broadridge Financial Solutions(BR.US) Q3 2024 Earnings Conference
Earnings Call Summary | Broadridge Financial Solutions(BR.US) Q3 2024 Earnings Conference
The following is a summary of the Broadridge Financial Solutions, Inc. (BR) Q3 2024 Earnings Call Transcript:
以下是Broadridge Financial Solutions, Inc.（BR）2024年第三季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Broadridge saw a 4% increase in recurring revenue and 9% uptick in adjusted EPS growth for Q3 2024, with expectations to maintain recurring revenue growth between 6-9% for fiscal 2024.
Free cash flow conversion for Q3 '24 was notably high at 108%, while the full year is expected to reach 100%.
Significant closed sales were observed in Q3 with a 29% increase from the previous year.
Despite a restructuring initiative, the company maintained an adjusted operating income margin increase of 40 basis points to 21.4%.
Broadridge has returned $424 million in capital to shareholders through dividends and share buybacks, with additional repurchases expected in Q4.
Broadridge预计，2024年第三季度的经常性收入增长了4％，调整后的每股收益增长了9％，预计2024财年的经常性收入增长将保持在6-9％之间。
24年第三季度的自由现金流转换率明显较高，为108％，而全年预计将达到100％。
第三季度实现了可观的封闭式销售，比上年增长了29％。
尽管采取了重组举措，但该公司仍将调整后的营业收入利润率增长40个基点至21.4％。
Broadridge已通过分红和股票回购向股东返还了4.24亿美元的资本，预计将在第四季度进行更多回购。
Business Progress:
业务进展：
The company continues to leverage long-term trends, focusing on the democratization of investing.
Efforts to expand the company's reach have included launching new capabilities in capital markets and growing wealth across North America.
Significant investments of $109 million have been made in technology and client conversions.
Keeping a close eye on expense management, Broadridge is keen to foster organic growth.
They remain on course to finalize a strategic restructuring initiative started in Q4 '23 by the end of the fiscal year.
该公司继续利用长期趋势，专注于投资的民主化。
扩大公司影响力的努力包括在资本市场推出新能力以及在北美各地增加财富。
已在技术和客户转化方面进行了1.09亿美元的重大投资。
Broadridge密切关注费用管理，热衷于促进有机增长。
他们仍有望在本财年末之前完成于23年第四季度启动的战略重组计划。
More details: Broadridge Financial Solutions IR
更多详情： Broadridge 金融解决方案 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多详情，请访问投资者关系网站。本文仅供投资者参考，不构成任何投资建议。
译文内容由第三方软件翻译。