Broadridge reports Q3 adjusted EPS $2.44, consensus $2.41

Reports Q3 revenue $1.81B, consensus $1.86B. “Broadridge (BR) delivered strong third quarter results, including 8% Recurring revenue growth constant currency and 9% Adjusted EPS growth,” said CEO Tim Gokey. “Our continued execution is being driven by the resilience of our business and powerful long-term trends. Our ability to deliver strong results in the face of increased market uncertainty highlights the strength and stability of our business model, and Broadridge is well-positioned to deliver another year of steady and consistent growth in fiscal 2025. This includes 6-8% Recurring revenue growth constant currency and Adjusted EPS growth in the middle of our 8-12% guidance range, as well as strong free cash flow. Our strategy to digitize and democratize governance, simplify and innovate capital markets, and modernize wealth management continues to drive strong results while positioning us for long-term growth. As a result, Broadridge remains on track to deliver on our fiscal year 2024-2026 growth objectives,” Gokey concluded.