$BR (Broadridge Financial Solutions, Inc.)

$BR {{ '2016-06-14T18:53:12+0000' | timeago}} • Announcement

Investor communications company $BR said it will acquire the North American Customer Communications (NACC) business of $DST for $410MM in cash. The transaction is expected to close in July 2016. Upon closing, the NACC business will become part of $BR's Investor Communication Solutions business.

$BR {{ '2017-07-11T15:41:31+0000' | timeago}} • Announcement

Fintech solutions provider $BR has acquired Spence Johnson Ltd, which provides data and intelligence to the asset management industry. Broadridge's retail fund data and analytics solutions will be combined with Spence's data and market intelligence solutions. The company did not disclose financial terms of the transaction.

$BR {{ '2017-05-10T11:47:11+0000' | timeago}} • Announcement

$BR reaffirmed its FY17 revenue growth outlook of 40-42%, EPS growth guidance of 2-7% and adjusted EPS growth estimate of 12-17%. The company still sees FY17 adjusted operating margin of about 15%, non-GAAP free cash flow of $350-400MM, and closed sales of $140-180MM.

$BR {{ '2017-05-10T11:41:50+0000' | timeago}} • Announcement

$BR reported a rise in 3Q17 earnings as acquisition of NACC and organic growth of recurring fee revenues drove revenue higher. Net income rose to $75.9MM or $0.63 per share from $63.7MM or $0.52 per share last year. Revenue grew to $1.01Bil from $688.8MM. Adjusted EPS increased to $0.69 from $0.58.

$BR {{ '2017-05-02T14:32:50+0000' | timeago}} • Announcement

$BR has appointed Eric Bernstein as President of Broadridge Investment Management Solutions. Previously, Bernstein spent 17 years in financial technology, leading divisions at Linedata, Sophis and most recently, at eFront.

$BR {{ '2017-04-28T19:27:24+0000' | timeago}} • Announcement

$BR appointed Deborah Bussiere as Global Chief Marketing Officer, effective May 8. In this role, Bussiere will be responsible for directing $BR's global marketing functions, including execution of the company’s brand strategy, product marketing efforts, corporate communications, and digital and social media marketing.

$BR {{ '2017-03-09T13:24:54+0000' | timeago}} • Announcement

$BR extended its global post-trade control capabilities for sell-side and buy-side firms in capital markets through the acquisition of Message Automation, a specialist provider of post-trade control solutions. Terms of the deal were not disclosed. Quayle Munro acted as exclusive financial and strategic advisor to Message Automation.

$BR {{ '2017-02-08T16:19:08+0000' | timeago}} • Webcast

$BR generated $65MM of free cash flow in 2Q17. The company said majority of its free cash flow is expected to come in 2H17 and it remains on track to achieve $350-400MM of free cash flow for 2017.

$BR {{ '2017-02-08T16:06:08+0000' | timeago}} • Webcast

During 2Q17, $BR has invested in its business in the form of capital expenditures and tuck-in M&A. The company has returned $99MM of capital to shareholders through buybacks and dividends in the quarter.

$BR {{ '2017-02-08T13:06:57+0000' | timeago}} • Announcement

During 2Q17, $BR's revenue from Investor Communication Solutions (ICS) segment rose 50% YoY to $710MM. Revenues from the acquisition of NACC contributed $267MM of this total increase. Revenues from the Global Technology and Operations (GTO) segment rose 12% YoY to $202MM.

$BR {{ '2017-02-08T12:51:39+0000' | timeago}} • Announcement

Investor communications provider $BR reported 25% fall in its 2Q17 earnings. The company's net earnings decreased to $30MM from $40MM in 2Q16. Diluted EPS fell 24% YoY to $0.25 compared to $0.33 in 2Q16. Revenues rose 40% YoY to $893MM. Excluding items, $BR earned $0.39 per share, up 3% from $0.38 in 2Q16.

$BR {{ '2016-11-09T14:30:38+0000' | timeago}} • Webcast

For FY17, $BR expects total revenue growth of 43-45%, diluted EPS growth of 9-14% and adjusted EPS growth of 12-17%. Recurring fee revenue growth is expected to be 29-31% and adjusted operating income margin is expected to be approx. 15%. $BR expects free cash flow of $350-400MM and closed sales of $140-180MM.

$BR {{ '2016-11-09T14:23:07+0000' | timeago}} • Webcast

In 1Q17, $BR’s Investor Communication Solutions segment revenues increased 68% to $723MM, driven largely by the impact of higher recurring fee and distribution revenues from NACC. Global Technology and Operations revenues increased 6% to $188MM, driven by strength in net new business.

$BR {{ '2016-11-09T14:11:07+0000' | timeago}} • Webcast

On November 4, $BR announced the acquisition of M&O Systems Inc. for $25MM in cash. This acquisition will enable $BR to offer wealth management firms and broker-dealers a complete suite of front and back office solutions.

$BR {{ '2016-11-09T13:58:16+0000' | timeago}} • Webcast

$BR said the integration of NACC is progressing well and the company has announced the closure of two facilities. The company is on track to achieve its target of $20MM in annualized cost synergies. A key rationale for the acquisition was to differentiate and accelerate $BR’s digital strategy, which is proceeding as planned.

$BR {{ '2016-11-09T13:50:39+0000' | timeago}} • Webcast

$BR booked $22MM of closed sales in 1Q17, an increase of 26% versus last year. The company’s recurring revenue growth was driven by a combination of 3% organic growth and the impact of smaller acquisitions made in FY16.

$BR {{ '2016-11-09T13:13:15+0000' | timeago}} • Announcement

$BR said revenues from acquisitions contributed $278MM to the total reveue in 1Q17 with the revenues of the North American Customer Communications business acquired from DST Systems (NACC) contributing $272MM. Recurring fee revenues rose 32% to $517MM from $393MM.

$BR {{ '2016-11-09T13:05:31+0000' | timeago}} • Announcement

$BR, which provides investor communications and securities processing services in the financial domain, reported a 51% jump in 1Q17 revenue, driven by its acquisition of NACC. However, earnings were flat on higher expenses. $BR reported 1Q17 EPS of $0.28, on revenue of $895MM. Operating expenses jumped 53% due to an increase in cost of revenue.

$BR {{ '2016-10-24T18:55:28+0000' | timeago}} • Announcement

$BR has appointed Cindy Dash as General Manager and John Moody as Chief Solutions Officer at Matrix Financial Solutions, the company's Mutual Fund and ETF Trade Processing division. Ms. Dash will guide and execute the business strategy and day to day operations for Matrix Financial Solutions. John Moody will oversee sales and product development.

$BR {{ '2016-09-26T17:58:30+0000' | timeago}} • Announcement

Investor communications provider $BR said it has extended cash management capabilities to its Global Post Trade Management Solution (GPTM). This allows financial institutions to manage cash, payments and foreign exchange across multiple asset classes and global markets.

$BR {{ '2016-09-20T11:40:51+0000' | timeago}} • Announcement

$BR purchased technology assets of Inveshare. In connection with the transaction, $BR entered into development agreement to use these technology assets to develop blockchain applications for its proxy business. $BR will pay $95MM upfront to buy existing technology assets plus deferred payment of $40MM on delivery of blockchain applications.

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