Global Payments — Oct 30, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001123360-24-000033
Showing in the filing
AdvancedMD sale
“expect this sale to close”
Period
Q4 FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 13
Accelerated share repurchase plan for FY2024
“$600 million”
AdvancedMD sale for Q4 FY2024
“expect this sale to close”
Adjusted net revenue for FY2024
“$9.17 billion to $9.30 billion”
Annual adjusted operating margin for FY2024
“expand by up to 50 basis points”
Dividend for FY2024
“$0.25 per share”
Dividend per share for Q4 FY2024
“$0.25 per share payable on December 27, 2024 to shareholders of record as of December 13, 2024”
Share repurchase authorization capacity
“$2.5 billion”
GAAP revenues for FY2024
“$10,130 to $10,260”
Adjustments (1) for FY2024
“(960)”
GAAP diluted EPS for FY2024
“$5.41 to $5.57”
Adjustments (2) for FY2024
“6.13”
Adjusted earnings per share for FY2024
“$11.54 to $11.70”
Adjusted EPS for FY2024
“$11.54 to $11.70”
Exhibit 99.1 · the passage around this item
… earlier in the release
In connection with this sale, we also established a long-term commercial partnership with AdvancedMD, whereby we will continue to work together to deliver leading payments and commerce enablement solutions to its customers. This transaction further highlights the high quality assets in our portfolio and allows us to enhance value creation for shareholders. We expect this sale to close in the fourth quarter.” 1 Exhibit 99.1 Third Quarter 2024 Summary • GAAP revenues were $2.60 billion, compared to $2.48 billion in 2023; diluted earnings per share were $1.24, compared to $1.39 in the prior year; and operating margin was 18.3%, compared to 22.5% in the prior year. • Adjusted net revenues increased 6% to $2.36 billion, compared to $2.23 billion in the third quarter of 2023. • Adjusted earnings per share increased 12% to $3.08, compared to $2.75 in the third quarter of 2023. • Adjusted operating margin expanded 40 basis points to 46.1%. 2024 Outlook “We are pleased with our financial and operational performance in the third quarter and year-to-date period,” said Josh Whipple, chief financial officer. “Notably, we produced strong adjusted free cash flow in the third quarter and also reduced our net leverage position by nearly a quarter-turn sequentially to 3.3 times, positioning us well to achieve our target by year end.” Whipple continued, “The company continues to expect adjusted net revenue to be in a range of $9.17 billion to $9.30 billion, reflecting growth of 6% to 7%, and adjusted earnings per share to be in a range of $11.54 to $11.70, reflecting growth of 11
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.