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Global Payments — Oct 30, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001123360-24-000033
Open on SEC.gov ↗
Showing in the filing
Annual adjusted operating margin
“expand by up to 50 basis points”
Period
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
“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% to 12% over 2023. Annual adjusted operating margin for 2024 is still expected to expand by up to 50 basis points.” Whipple concluded, “Our outlook highlights the consistency of our model and the benefits of our sharpened focus as we execute on our strategic priorities.” Capital Allocation Global Payments’ Board of Directors approved a dividend of $0.25 per share payable on December 27, 2024 to shareholders of record as of December 13, 2024. The Board of Directors also approved an increase in the company's share repurchase authorization capacity to $2.5 billion. Conference Call Global Payments’ management will host a live audio webcast today, October 30, 2024, at 8:00 a.m. ET to discuss financial results and business highlights. The audio webcast, along with supplemental financial information, can be accessed via the investor relations page of the company’s website at investors.global payments.com. A replay of the audio webcast will be archived on the company's website following the live event. 2 Exhibit 99.1 Non-GAAP Financial Measures Global Payments supplements revenues, operating income, operating margin and net income and earnings per share determined in accordance with GAAP by providing these measures with certain adjustments (such measures being non-GAAP financial measures) in this ear
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.