Published on 13 Feb 2024 on GuruFocus.com via Yahoo Finance
Blackbaud Inc (BLKB) Reports Strong Q4 and Full Year 2023 Results, Exceeds Financial Guidance
Revenue: GAAP total revenue increased by 7.4% to $295.0 million in Q4 and by 4.5% to $1.1 billion for the full year.Earnings Per Share (EPS): GAAP diluted EPS rose to $0.10 in Q4, up $0.51 per share, and non-GAAP diluted EPS increased to $1.14, up $0.46 per share.Adjusted EBITDA: Non-GAAP adjusted EBITDA margin improved significantly by 890 basis points to 33.6% in Q4.Free Cash Flow: Non-GAAP adjusted free cash flow increased by $28.7 million to $36.3 million in Q4.Stock Repurchase: Blackbaud announced a reauthorized, expanded, and replenished $500 million stock repurchase program.
Warning! GuruFocus has detected 8 Warning Signs with BLKB.
