LAKE SUCCESS, N.Y.,
Dec. 5, 2017 /PRNewswire/
-- Broadridge Financial Solutions, Inc. (NYSE: BR) today
announced its three year growth objectives for the period ending
Fiscal Year 2020. Broadridge will be discussing these objectives
during its 2017 Investor Day to be held at 8:00 AM EST today. The growth objectives are
shown as compound annual growth rates (CAGRs) for the period Fiscal
Year 2017 through Fiscal Year 2020, except for the Adjusted
Operating income margin metric.
|
FY2017 - FY2020
Objectives
|
Recurring Fee Revenue
Growth
|
7-9%
|
Total Revenue
Growth
|
5-7%
|
Adjusted Operating
Income Margin %
|
+~50bps/yr
|
Adjusted EPS
Growth
|
9-13%
|
To listen to the live event and access the slide presentation,
visit Broadridge's Investor Relations website at
www.broadridge-ir.com prior to the start of the webcast. A replay
of the webcast will be available and can be accessed in the same
manner as the live webcast at the Broadridge Investor Relations
website.
Forward-Looking Statements
This press release and other written or oral statements made
from time to time by representatives of Broadridge Financial
Solutions, Inc. ("Broadridge" or the "Company") may contain
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Statements that are not
historical in nature, and which may be identified by the use of
words such as "expects," "assumes," "projects," "anticipates,"
"estimates," "we believe," "could be" and other words of similar
meaning, are forward-looking statements. In particular, information
about our future performance objectives are forward-looking
statements.
These statements are based on management's expectations and
assumptions and are subject to risks and uncertainties that may
cause actual results to differ materially from those expressed.
These risks and uncertainties include those risk factors discussed
in Part I, "Item 1A. Risk Factors" of our Annual Report on Form
10-K for the fiscal year ended June 30, 2017 (the "2017 Annual
Report"), as they may be updated in any future reports filed with
the Securities and Exchange Commission. All forward-looking
statements speak only as of the date of this presentation and are
expressly qualified in their entirety by reference to the factors
discussed in the 2017 Annual Report.
These risks include: the success of Broadridge in retaining and
selling additional services to its existing clients and in
obtaining new clients; Broadridge's reliance on a relatively small
number of clients, the continued financial health of those clients,
and the continued use by such clients of Broadridge's services with
favorable pricing terms; any material breach of Broadridge security
affecting its clients' customer information; changes in laws and
regulations affecting Broadridge's clients or the services provided
by Broadridge; declines in participation and activity in the
securities markets; the failure of Broadridge's outsourced data
center services provider to provide the anticipated levels of
service; a disaster or other significant slowdown or failure of
Broadridge's systems or error in the performance of Broadridge's
services; overall market and economic conditions and their impact
on the securities markets; Broadridge's failure to keep pace with
changes in technology and demands of its clients; Broadridge's
ability to attract and retain key personnel; the impact of new
acquisitions and divestitures; and competitive conditions.
Broadridge disclaims any obligation to update or revise
forward-looking statements that may be made to reflect events or
circumstances that arise after the date made or to reflect the
occurrence of unanticipated events, other than as required by
law.
Explanation of the Company's Use of Non-GAAP Financial
Measures
The Company's results in this press release are presented in
accordance with U.S. generally accepted accounting principles
("GAAP") except where otherwise noted. In certain circumstances,
results have been presented that are not generally accepted
accounting principles measures ("Non-GAAP"). These Non-GAAP
measures are Adjusted Operating income margin and Adjusted earnings
per share, which measures are adjusted to exclude the impact
of certain costs, expenses, gains and losses and other specified
items that management believes are not indicative of our ongoing
operating performance. These Non-GAAP financial measures should be
viewed in addition to, and not as a substitute for, the Company's
reported results.
The Company believes its Non-GAAP financial measures help
investors understand how management plans, measures and evaluates
the Company's business performance. Management believes that
Non-GAAP measures provide consistency in its financial reporting
and facilitates investors' understanding of the Company's operating
results and trends by providing an additional basis for comparison.
Management uses these Non-GAAP financial measures to, among other
things, evaluate the Company's ongoing operations, for internal
planning and forecasting purposes and in the calculation of
performance-based compensation. In addition, and as a consequence
of the importance of these Non-GAAP financial measures in managing
its business, the Company's Compensation Committee of the Board of
Directors incorporates Non-GAAP financial measures in the
evaluation process for determining management compensation.
About Broadridge
Broadridge Financial Solutions, Inc. (NYSE:BR), a $4 billion global fintech leader, provides
investor communications and technology-driven solutions to banks,
broker-dealers, mutual funds and corporate issuers globally.
Broadridge's investor communications, securities processing and
managed services solutions help clients reduce their capital
investments in operations infrastructure, allowing them to increase
their focus on core business activities. With over 50 years of
experience, Broadridge's infrastructure underpins proxy voting
services for over 90 percent of public companies and mutual funds
in North America, and processes
more than $5 trillion in fixed income
and equity trades per day. Broadridge employs over 10,000 full time
associates in 16 countries. For more information about Broadridge,
please visit www.broadridge.com.
Contact Information
Investors:
W. Edings
Thibault
Investor Relations
(516) 472-5129
Media:
Gregg
Rosenberg
Corporate Communications
(212) 918-6966
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SOURCE Broadridge Financial Solutions, Inc.