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.

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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.

Broadridge Financial reports solid Q1 results, raises revenue guidance

Broadridge Financial delivered a strong performance in Q1 2025, with growth in governance and capital markets revenue. Despite challenges in Wealth and Investment Management, the company remains optimistic about the SIS acquisition and raised revenue guidance. The outlook for the year includes solid sales activity and confidence in revenue growth.

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Broadridge's (BR) first-quarter fiscal 2023 revenues increase year over year.

Broadridge's (BR) Q1 Earnings Miss Estimates, Decline Y/Y

Broadridge Financial Solutions, Inc. (NYSE:BR ) Q1 2023 Earnings Conference Call November 2, 2022 8:30 AM ET Company Participants Edings Thibault - Head, Investor Relations Tim Gokey - Chief Executive Officer Edmund Reese - Chief Financial Officer Conference Call Participants David Togut - Evercore ISI Puneet Jain - JPMorgan Darrin Peller - Wolfe Research Patrick O'Shaughnessy - Raymond James Operator Good day and welcome to the Broadridge First Quarter 2023 Earnings Conference Call. [Operator Instructions] And please note that this event is being recorded.

Broadridge Financial Solutions, Inc. (BR) Q1 2023 Earnings Call Transcript

Broadridge Financial (BR) delivered earnings and revenue surprises of -3.45% and 1.74%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Broadridge Financial Solutions (BR) Lags Q1 Earnings Estimates

Recurring revenues grew 7%; up 9% constant currency Diluted EPS was $0.42 and Adjusted EPS was $0.84 Reaffirming Fiscal Year 2023 Guidance including 6 - 9% Recurring revenue growth constant currency and 7 - 11% Adjusted EPS growth NEW YORK , Nov. 2, 2022 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the first quarter ended September 30, 2022 of its fiscal year 2023. Results compared with the same period last year were as follows:   Summary Financial Results First Quarter Dollars in millions, except per share data 2023 2022 Change Recurring revenues $806 $750 7 %      Constant currency growth - Non-GAAP 9 % Total revenues $1,283 $1,193 8 % Operating income $88 $103 (15 %)      Margin 6.8 % 8.7 % Adjusted Operating income - Non-GAAP $150 $177 (15 %)      Margin - Non-GAAP 11.7 % 14.8 % Diluted EPS $0.42 $0.57 (26 %) Adjusted EPS - Non-GAAP $0.84 $1.07 (21 %) Closed sales $29 $30 (2 %) "Broadridge reported another strong quarter, highlighting the resilience of our business model and the positive long-term trends driving our growth," said Tim Gokey, Broadridge's CEO.

Broadridge Reports First Quarter Fiscal 2023 Results

Solution helps funds streamline ESG reporting and meet SFDR requirements NEW YORK and LONDON , Oct. 31, 2022 /PRNewswire/ -- To better support European asset managers in meeting their compliance obligations for the upcoming Sustainable Finance Disclosure Regulation (SFDR), global Fintech leader Broadridge Financial Solutions  (NYSE:BR) today announced the launch of its new end-to-end managed service solution. Starting January 1, 2023, SFDR requires asset managers to consider and disclose in a consistent manner how ESG factors are adopted in their decision-making processes.

Broadridge Launches New End-to-End Solution for SFDR Reporting

NEW YORK , Oct. 25, 2022 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, announced today that it will enable clients to better automate the processing of Corporate Action and Dividends events managed through the Euroclear CREST platform. The new solution capabilities further enable financial institutions to simplify and automate their corporate actions processing while reducing the risk and complexity across their business.

Broadridge Fully Automates Corporate Action and Dividend Events, Managed Through Euroclear CREST

NEW YORK , Oct. 20, 2022 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) is scheduled to release its financial results for the first quarter of fiscal year 2023 on Wednesday, November 2, 2022. 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 First Quarter Fiscal Year 2023 Results on November 2, 2022

Use of alternative investments grows from 59% to 67% between Q1 2022 and Q3 2022 NEW YORK , Oct. 19, 2022 /PRNewswire/ -- A bi-annual survey of 400 financial advisors released today by Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, finds that advisors are increasingly leaning on private funds and alternative investments amid volatile equity and bond markets. Despite this surge, the surveyed advisors claim to lack sufficient options and the right resources from asset managers needed to implement these products in their portfolios.

Alternative Investment and Private Fund Use Surges as Financial Advisors Demand Diversification, New Broadridge Survey Finds

Expands Scope 1, 2 and 3 emissions data disclosure, including TCFD-aligned climate risk analysis Commits to develop net zero greenhouse gas emissions plan Provides results of inaugural ESG materiality assessment Profiles strength and increasing diversity of Broadridge Board Highlights strong associate engagement with Great Place to Work® certification in nine countries NEW YORK , Oct. 18, 2022 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, today released its 2022 Sustainability Report. The report highlights a year of strong progress in its ESG initiatives.

Broadridge 2022 Sustainability Report Highlights Long-term Value

Since spinning out of ADP in 2007, BR has been a very good business that outperformed the market. They have a balanced approach of capital allocation: serial acquisitions, increasing dividends, and smaller amount of repurchases.

Broadridge Financial: Very Good Company, Not Cheap Enough Yet

WESTLAKE, Texas--(BUSINESS WIRE)--Schwab Asset Management, the asset management arm of The Charles Schwab Corporation, today announced that it is the first large asset manager to pilot a new proxy polling solution from global fintech firm, Broadridge Financial Solutions, Inc. (NYSE:BR).

Schwab Asset Management™ Pilots New Proxy Polling Solution to Gain Insight Into Shareholder Preferences

Broadridge whitepaper finds organic growth across the global asset management industry expected to slow into 2031, but identifies new standards of differentiation to help firms win NEW YORK and LONDON , Oct. 12, 2022 /PRNewswire/ -- Organic growth across the global asset management industry, measured on a total net asset flows basis, is expected to slow from a compound annual growth rate (CAGR) of 3.9% over the last decade to 1.7% from 2021 to 2031 as competition heats up between both challengers and incumbents alike, according to a newly released whitepaper, The New Competitive Calculus: Winning with Data-Driven Strategy by global Fintech and asset management advisory leader Broadridge Financial Solutions, Inc. (NYSE:BR).  Despite this, Broadridge forecasts that net asset inflows will still expand by a healthy US$18T over the next decade, helping to push total assets under management (AUM) to a record of more than USD$170T– unlocking exciting new avenues for growth and challenges to overcome for those that can adapt to change.

Fierce Competition Ahead as Less Than 100 Asset Managers Secure Two-Thirds of Industry Asset Flows

Broadens set of digital engagement tools for wealth management firms NEW YORK , Oct. 11, 2022 /PRNewswire/ -- To provide financial advisors with an innovative holistic view into all aspects of an investor's financial journey, global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE: BR), today announced a strategic partnership with open finance leader MX to utilize the company's financial data aggregation and personalized financial management automation solutions. This is another example of providing wealth management firms with value-driving, differentiating point solutions to optimize advisor productivity and insights for client growth and transformation.

Broadridge Teams with MX to Power Data Aggregation and Financial Wellness Solution

Direct solutions connect issuers and investors; extends research window by four days NEW YORK and LONDON and ZURICH and GENEVA , Oct. 10, 2022 /PRNewswire/ -- Further extending its innovation program to support the highest standards of corporate governance in local and global markets, Broadridge Financial Solutions, Inc. (NYSE:BR) today announced the successful live running of its "market golden copy" event sourcing and proxy vote execution service for banks, brokers and wealth managers in Austria. "We remain firmly focused on our commitment to innovate and transform the proxy voting eco-system, both globally and at a local market level, while reducing costs and risk to market intermediaries through our mutualised shared service model," said Demi Derem, general manager of International Investor Communication Solutions, Broadridge.

Broadridge Launches New Proxy Voting in Austria via Direct Market Solutions

Broadridgen's (BR) business is currently benefiting from strong growth in equity and fund records, and the transformation and digitization of the financial services industry.

Reasons to Hold Broadridge (BR) Stock in Your Portfolio

Well-known short seller, Spruce Point Capital said on Wednesday said it opened a new position in Broadridge Financial Solutions, Inc.

Broadridge Financial Is Latest Target of Shortseller Spruce Point

Average straight-through processing rate of 99.9% NEW YORK, LONDON, FRANKFURT and HAMBURG, Germany , Sept. 21, 2022 /PRNewswire/ -- Hamburg Commercial Bank (HCOB) has successfully completed the transformation of its SEPA (Single Euro Payments Area) payments business to a cloud-based, next-generation platform run by leading global Fintech provider Broadridge Financial Solutions, Inc. (NYSE:BR).

Hamburg Commercial Bank Transfers its SEPA Processing to Broadridge's BPO Payments Service

NEW YORK , Sept. 15, 2022 /PRNewswire/ -- Bringing liquidity and greater access to crypto trading, global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE: BR), has announced a partnership with Coinbase, offering interoperability between Coinbase Prime and Broadridge Trading and Connectivity Solutions' NYFIX order-routing network.

Broadridge Partners with Coinbase on Integrated Trading Solution

Broadridge earns recognition as a "Fast Track FinTech," rises four places in ranking NEW YORK , Sept. 12, 2022 /PRNewswire/ -- As part of its eighth consecutive year being recognized, Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, is pleased to announce it ranks #10 on the 2022 IDC FinTech Rankings, rising four places from its 2021 ranking.

Broadridge Ranked #10 on the 2022 IDC FinTech Rankings

NEW YORK and LONDON and COPENHAGEN, Denmark , Sept. 12, 2022 /PRNewswire/ -- In response to the growing drive for higher corporate governance standards – both globally and at a national market level - Broadridge Financial Solutions, Inc. (NYSE:BR) today announced it has commenced live operations of its new "golden copy" event notification and direct vote execution service for the Danish market.

Broadridge and Euronext Collaborate to Transform the Proxy Voting Lifecycle in Denmark

Driven by investor research and innovative design, Wealth InFocus is transforming digital and print client communications and increasing investor engagement with a simpler, intuitive and actionable experience NEW YORK , Sept. 8, 2022 /PRNewswire/ -- To better engage investors, empower advisors and accelerate digital transformation in the wealth management industry, global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR) launched Wealth InFocus, a next-gen wealth communications experience designed on a foundation of investor research, with Cetera Financial Group (Cetera) as the first client.

Cetera Financial Group, First to Launch Broadridge Next-Gen Client Communications Experience, Leveraging Data and Analytics for Better Investor Engagement

Northern Trust funds first to go live on the new multi-jurisdictional environment NEW YORK and LONDON , Sept. 7, 2022 /PRNewswire/ -- Leveraging blockchain technology to alleviate the complexities faced by asset managers with funds in multiple geographies, global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR), has released a multi-jurisdictional version of its private equity platform, Private Market Hub, now available to funds domiciled in North America.

Private Market Hub Becomes the First Multi-jurisdictional, Multi-tenant Enabled Solution for Private Equity Firms Globally

Global Proxy Voting and Shareholder Disclosure Hub for Germany-headquartered financial services provider NEW YORK and LONDON and FRANKFURT, Germany , Sept. 6, 2022 /PRNewswire/ -- Broadridge Financial Solutions, Inc.  (NYSE: BR), a global Fintech leader, today announced that it is supporting German banking and securities services provider, DekaBank, with its market-leading solutions for the updated Shareholder Rights Directive (SRD II).

DekaBank is Live with SRD II Solutions from Broadridge

Broadridge is involved in the plumbing of the financial world. Its business model is heavy on recurring revenue from non-discretionary services.

Broadridge Notches Steady Growth in Uncertain Times

NEW YORK , Aug. 16, 2022 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, is pleased to announce the appointment of Eileen K. Murray as an independent member of its board of directors, effective September 1, 2022.

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