HighGravityData
Companies / Fiserv / Filing

Fiserv — Oct 22, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000798354-24-000188
Open on SEC.gov ↗
Showing in the filing
Divestiture adjustments
“0.5%”
Period
FY2024
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 10
Organic revenue growth outlook for FY2024
“16% to 17%”
Adjusted earnings per share outlook for FY2024
“$8.73 to $8.80”
Consecutive years of double-digit adjusted e… for FY2024
“39th consecutive year”
Revenue for FY2024
“7.5% - 8.5%”
Postage reimbursements for FY2024
“(0.5)%”
Adjusted revenue for FY2024
“7% - 8%”
Currency impact for FY2024
“8.5%”
Acquisition adjustments for FY2024
“0.0%”
Divestiture adjustments for FY2024
“0.5%”
Amortization expense (acquired intangible as… for FY2024
“decrease approximately 15% compared to the amount incurred in 2023”
Exhibit 99.1 · the passage around this item
… earlier in the release
The currency impact is measured as the increase or decrease in the expected adjusted revenue for the period by applying prior period foreign currency exchange rates to present a constant currency comparison to prior periods. Growth 2024 Revenue 7.5% - 8.5% Postage reimbursements (0.5)% 2024 Adjusted revenue 7% - 8% Currency impact 8.5% Acquisition adjustments 0.0% Divestiture adjustments 0.5% 2024 Organic revenue 16% - 17% Adjusted Earnings Per Share - The company's adjusted earnings per share outlook for 2024 excludes certain non-cash or other items such as non-cash intangible asset amortization expense associated with acquisitions; non-cash impairment charges; non-cash pension plan termination charges; merger and integration costs; severance costs; gains or losses from the sale of businesses, certain assets and investments; and certain discrete tax benefits and expenses. The company estimates that amortization expense in 2024 with respect to acquired intangible assets will decrease approximately 15% compared to the amount incurred in 2023. Other adjustments to the company’s financial measures that were incurred in 2023 and for the three and nine months ended September 30, 2024 are presented in this news release; however, they are not necessarily indicative of adjustments that may be incurred throughout the remainder of 2024 or beyond. Estimates of these impacts and adjustments on a forward-looking basis are not available due to the variability, complexity and limited visibility of these items. 15 News Release Fiserv, Inc. Full Year Forward-Looking Non-GAAP Financial
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.