Paychex Q4 Earnings: CEO Highlights Challenges For Small And Mid-Size Businesses, Stock Slides
Paychex Q4 Earnings: CEO Highlights Challenges For Small And Mid-Size Businesses, Stock Slides
Payroll services company Paychex, Inc (NASDAQ:PAYX) reported mixed fiscal fourth quarter results.
工資單服務公司Paychex, Inc (納斯達克:PAYX) 報告了混合的財季四季度結果。
The company reported sales growth of 5% year over year to $1.295 billion, in-line with the analyst consensus estimate of $1.296 billion.
公司報告了5%的營業收入增長，達到了12.95億美元，與分析師共識預估的12.96億美元相符。
Total revenue growth in the fiscal quarter reflected a lower contribution from the company's Employee Retention Tax Credit (ERTC) Service than the prior year.
財季總營收增長反映了該公司員工保留稅抵免（ERTC）服務對去年的較低貢獻。
Management Solutions revenue rose 3% year over year to $930.3 million, led by growth in the number of clients served across the human capital management (HCM) solutions suite and higher product penetration, including HR Solutions and Retirement.
管理解決方案營收同比增長3%，至9.303億美元，主要由人力資本管理（HCM）解決方案套裝中爲客戶提供服務的增長和產品滲透率提高帶動，包括人力資源解決方案和養老金方案。
Professional Employer Organization (PEO) and Insurance Solutions revenue increased 9% year over year to $326.6 million.
專業僱主組織（PEO）和保險業營收同比增長9%，至3.266億美元。
Adjusted EPS of $1.12 beat the analyst consensus estimate of $1.10.
調整後的每股收益爲1.12美元，超過了分析師共識預期的1.10美元。
Operating income grew 6% to $481.8 million, and the margin expanded by around 30 basis points year over year to 37.2%.
營業收入增長6%至4.818億美元，利潤率同比擴大大約30個點子至37.2%。
Adjusted operating income grew 15% to $521.3 million, and the margin expanded by around 330 basis points year over year to 40.2%.
調整後的營業收入同比增長15%至5.213億美元，利潤率同比擴大約330個點子至40.2%。
As of May 31, 2024, the company held $1.6 billion in cash and equivalents. For the fiscal year, operating cash flow was $1.9 billion.
截至2024年5月31日，該公司持有16億美元的現金及等價物。財年經營現金流爲19億美元。
Chief Executive Officer John Gibson said, "Small and mid-size businesses continue to face a challenging operating environment due to complex regulations, a tight labor market and inflationary pressures."
首席執行官約翰·吉布森表示：“由於複雜的法規、緊張的勞動力市場和通貨膨脹壓力，中小型企業繼續面臨着具有挑戰性的營運環境。”
Outlook: Paychex expects fiscal 2025 revenue growth of 4.0% to 5.5% versus the $5.55 billion analyst consensus.
展望未來：Paychex預計2025財年營收增長爲4.0%至5.5%，而分析師預估爲55.5億美元。
The company sees Management Solutions revenue growth in the 3.0% to 4.0% range. It expects PEO and Insurance Solutions revenue growth of 7.0% to 9.0%.
公司預計管理解決方案營收增長在3.0%至4.0%的區間。它預計PEO和保險業營收增長爲7.0%至9.0%。
Paychex expects an adjusted EPS growth of 5% – 7% versus the $4.97 analyst estimate.
Paychex預計調整後的每股收益增長5%至7%，而分析師預估爲4.97美元。
Price Action: PAYX shares are down 4.77% at $119.06 at the last check on Wednesday.
股票價格：週三最後一次查詢時，PAYX股票下跌了4.77%，至119.06美元。
譯文內容由第三人軟體翻譯。