Dayforce reports Q3 adjusted EPS 37c, consensus 55c

Reports Q3 revenue $481.6M, consensus $481.22M. As previously announced, on August 20, Dayforce (DAY) entered into a merger agreement under which certain affiliates of Thoma Bravo will acquire Dayforce for $70.00 in cash per share of Dayforce common stock for a total enterprise value of approximately $12.3B, and Dayforce will become a privately-held company. Dayforce expects to complete the transaction in late 2025 or early 2026, subject to fulfillment of customary closing conditions, including approval of Dayforce stockholders and receipt of required regulatory approvals. In light of the pending Thoma Bravo transaction, Dayforce will not be providing forward-looking guidance or updates to previously issued guidance and will not host an earnings conference call or webcast for its Q3 results and does not expect to do so for any future quarters.