EXHIBIT 99.1
brlogorgbblue2017a12.jpg                            


BROADRIDGE REPORTS FOURTH QUARTER AND FISCAL
YEAR 2019 RESULTS
Fiscal Year Diluted EPS Growth of 14% and Adjusted EPS Growth of 11%
Record Full Year Closed Sales of $233 Million, up 9%
Full Year Recurring Fee Revenues Rise 6%
Annual Dividend Increasing 11% to $2.16 Per Share
Guidance of 5-9% Diluted EPS Growth and 8-12% Adjusted EPS Growth in Fiscal Year 2020
NEW YORK, N.Y., August 1, 2019
- Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the fourth quarter of its fiscal year 2019. Results for the three months and fiscal year ended June 30, 2019 compared with the same period last year were as follows:
Summary Financial Results
 
Fourth Quarter
 
Fiscal Year
 
Dollars in millions, except per share data

 
2019

2018

Change

2019

2018

Change
 
 
 
 
 
 
 
 
 
Total revenues
 
$1,211
$1,320
(8
)%
$4,362
$4,330
1%
Recurring fee revenues
 
813
862
(6
)%
2,759
2,610
6%
 
 
 
 
 
 
 
 
 
Operating income
 
241
266
(10
)%
653
598
9%
 
Operating income margin
 
19.9
%
20.2
%
 
15.0
%
13.8
%
 
 
 
 
 
 
 
 
 
 
Adjusted Operating income - Non-GAAP
 
267
291
(8
)%
746
688
8%
 
Adjusted Operating income margin - Non-GAAP
 
22.1
%
22.0
%
 
17.1
%
15.9
%
 
 
 
 
 
 
 
 
 
 
Diluted EPS
 
$1.55
$1.72
(10
)%
$4.06
$3.56
14%
Adjusted EPS - Non-GAAP
 
$1.72
$1.86
(8
)%
$4.66
$4.19
11%
 
 
 
 
 
 
 
 
 
Closed sales
 
$72
$115
(37
)%
$233
$215
9%
“Fiscal year 2019 was a strong year as we generated double-digit EPS growth and executed against our strategic goals,” said Tim Gokey, Broadridge’s President and Chief Executive Officer. “Broadridge achieved 6% Recurring fee revenue growth and 11% Adjusted EPS growth. We also closed out the year on a very positive note as a strong fourth quarter powered another year of record Closed sales, and we made three tuck-in acquisitions that will further strengthen our business.

“Today, we are announcing an 11% increase to our annual dividend for fiscal 2020 to $2.16 per share,” Mr. Gokey added. “Broadridge has now increased its annual dividend every year since becoming a public company, and 2019 marks the eighth consecutive double-digit increase.

“We expect fiscal year 2020 to be another strong year, with recurring revenue growth of 8-10% and Adjusted EPS growth of 8-12%. Broadridge is well on track to meet the three-year objectives through 2020 laid out at our 2017 Investor Day, and we remain well positioned for medium- and long-term growth,” Mr. Gokey concluded.


1


The following information was filed by Broadridge Financial Solutions, Inc. (BR) on Thursday, August 1, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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