Overview
- Broadridge reported fiscal fourth-quarter net income of $398 million and GAAP earnings of $3.44 per share on revenue of $2.22 billion, which topped Wall Street expectations in results released Tuesday.
- Its largest unit, investor communication solutions, grew to $1.73 billion in the quarter, up from $1.6 billion a year earlier and a primary driver of the quarter’s outperformance.
- Management set full-year 2027 guidance for revenue growth of 6% to 8% and adjusted EPS growth of 8% to 12% and announced a 12% dividend increase, marking the 20th consecutive annual raise.
- CEO Tim Gokey presented a strategic push to build governance and market infrastructure for tokenized assets and to digitize shareholder communications as a core growth initiative.
- Markets gave a modest boost to the stock after the results, but shares remain materially lower year-to-date and over the past 12 months, leaving investors to weigh near-term cash returns against long-term disruption risks to Broadridge’s business model.