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Broadridge Financial Solutions, Inc. (BR) SEC Filing 10-Q Quarterly report for the period ending Thursday, December 31, 2020

Broadridge Financial Solutions, Inc.

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CIK: 1546592 Ticker: BR
        
EXHIBIT 99.1
brlogorgbblue2017a121a.jpg                            


Broadridge Reports Second Quarter Fiscal Year 2021 Results
Expecting FY 2021 Recurring Revenue and Adjusted EPS growth at higher end of guidance range
Recurring Revenue Grew 7%
Diluted EPS Increased to $0.48
Adjusted EPS Increased 38% to $0.73
NEW YORK, N.Y., February 2, 2021
- Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the second quarter and six months ended December 31, 2020 of its fiscal year 2021. Results compared with the same period last year were as follows:
Summary Financial ResultsSecond QuarterSix Months
Dollars in millions, except per share data

20212020Change20212020Change
Recurring fee revenues$696$6487 %$1,367$1,2728 %
Total revenues$1,055$9699 %$2,072$1,9178 %
Operating income7927197 %15810058 %
Operating income margin7.5 %2.8 %7.6 %5.2 %
Adjusted Operating income - Non-GAAP1199426 %26919836 %
Adjusted Operating income margin - Non-GAAP11.2 %9.7 %13.0 %10.3 %
Diluted EPS $0.48$0.09433 %$1.04$0.5686 %
Adjusted EPS - Non-GAAP$0.73$0.5338 %$1.70$1.2239 %
Closed sales$46$452 %$79$83(5 %)

“After a strong second quarter, we expect to be at the higher end of our full-year 2021 guidance range for 3-6% Recurring revenue and 6-10% Adjusted EPS growth,” said Tim Gokey, Broadridge’s Chief Executive Officer. “Broadridge delivered 7% Recurring revenue growth and 38% Adjusted EPS growth in the second quarter.

“We are executing well on our targeted growth plans across Governance, Capital Markets, and Wealth & Investment Management. As we enter our seasonally more significant second half of the year, we will continue to invest to support our long-term growth strategies,” Mr. Gokey added.

“Our Fiscal 2021 outlook puts us squarely on track to achieve the three-year growth objectives we presented at our investor day two months ago, including 7-9% Recurring revenue and 8-12% Adjusted EPS growth,” Mr. Gokey concluded.

1

The following information was filed by Broadridge Financial Solutions, Inc. (BR) on Tuesday, February 2, 2021 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Broadridge Financial Solutions, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

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Inside Broadridge Financial Solutions, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Comprehensive Income (Parenthetical)
Condensed Consolidated Statements Of Earnings
Condensed Consolidated Statements Of Stockholders??? Equity
Condensed Consolidated Statements Of Stockholders??? Equity (Parenthetical)
Acquisitions
Acquisitions (Tables)
Acquisitions - Additional Information (Details)
Acquisitions - Schedule Of Business Combinations (Details)
Basis Of Presentation
Basis Of Presentation (Policies)
Basis Of Presentation - Additional Information (Details)
Borrowings
Borrowings (Tables)
Borrowings - Additional Information (Details)
Borrowings - Future Principal Payments On The Company???S Outstanding Debt (Details)
Borrowings - Schedule Of Outstanding Borrowings (Details)
Changes In Accumulated Other Comprehensive Income/(Loss) By Component
Changes In Accumulated Other Comprehensive Income/(Loss) By Component (Tables)
Changes In Accumulated Other Comprehensive Income/(Loss) By Component - Summary Of Changes In Accumulated Balances For Each Component Of Accumulated Other Comprehensive Income/(Loss) (Details)
Contractual Commitments, Contingencies And Off-Balance Sheet Arrangements
Contractual Commitments, Contingencies And Off-Balance Sheet Arrangements (Tables)
Contractual Commitments, Contingencies And Off-Balance Sheet Arrangements - Additional Information (Details)
Contractual Commitments, Contingencies And Off-Balance Sheet Arrangements - Software License Agreements (Details)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (Tables)
Fair Value Of Financial Instruments - Schedule Of Changes In Level 3 Financial Liabilities (Details)
Fair Value Of Financial Instruments - Summary Of Financial Assets And Liabilities Measured At Fair Value On Recurring Basis (Details)
Fair Value Of Financial Instruments - Summary Of Financial Assets And Liabilities Measured At Fair Value On Recurring Basis - Additional Information (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Details)
Interest Expense, Net
Interest Expense, Net (Tables)
Interest Expense, Net - Components Of Interest Expense, Net (Details)
Interim Financial Data By Segment
Interim Financial Data By Segment (Tables)
Interim Financial Data By Segment - Additional Information (Details)
Interim Financial Data By Segment - Segment Results (Details)
New Accounting Pronouncements
New Accounting Pronouncements (Details)
Other Non-Current Assets
Other Non-Current Assets (Tables)
Other Non-Current Assets - Schedule Of Other Non-Current Assets (Details)
Other Non-Current Liabilities
Other Non-Current Liabilities (Details)
Other Non-Current Liabilities (Tables)
Other Non-Current Liabilities - Narrative (Details)
Payables And Accrued Expenses
Payables And Accrued Expenses (Tables)
Payables And Accrued Expensess - Components Of Accrued Expenses And Other Current Liabilities (Details)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Additional Information (Details)
Revenue Recognition - Contract Assets And Liabilities (Details)
Revenue Recognition - Disaggregation Of Revenue (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Additional Information (Details)
Stock-Based Compensation - Summary Of Incentive Equity Awards (Details)
Weighted-Average Shares Outstanding
Weighted-Average Shares Outstanding (Tables)
Weighted-Average Shares Outstanding - Additional Information (Details)
Weighted-Average Shares Outstanding - Denominators Of Basic And Diluted Eps Computations (Details)

Material Contracts, Statements, Certifications & more

Broadridge Financial Solutions, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 10.1: Material Contract
Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Exhibit 32.2: Section 1350 Certification
Ticker: BR
CIK: 1383312
Form Type: 10-Q Quarterly Report
Accession Number: 0001383312-21-000009
Submitted to the SEC: Tue Feb 02 2021 4:24:36 PM EST
Accepted by the SEC: Tue Feb 02 2021
Period: Thursday, December 31, 2020
Industry: Business Services

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