Broadridge Financial Solutions Inc (NYSE:BR)

$ 199.87 2.07 (1.05%) Market Cap: 23.62 Bil Enterprise Value: 26.87 Bil PE Ratio: 34.11 PB Ratio: 10.40 GF Score: 94/100

Broadridge Financial Solutions Inc at Evercore ISI Payments & FinTech Innovators Forum Transcript

Mar 05, 2020 / 07:00PM GMT

Release Date Price: $101.39 (-4.48%)

Transcript 8-K

David Mark Togut

Evercore ISI Institutional Equities, Research Division - Senior MD

Delighted to welcome Jim Young, Chief Financial Officer of Broadridge to our Payments and Fintech Innovators Forum; and Edings Thibault, I think, is here somewhere in the crowd as well. And Elsa, who just joined the IR team. So Jim, welcome. Thanks so much for being here today.

James M. Young

Broadridge Financial Solutions, Inc. - Corporate Senior VP & CFO

Thanks for having us, David.

Questions & Answers

David Mark Togut

Evercore ISI Institutional Equities, Research Division - Senior MD

So on the December 2019 quarter earnings call, you guided to the low end of your 8% to 12% EPS growth range for FY '20. You called out a 20% to 30% expected decline in event-driven revenue and a reduction in your organic recurring revenue growth forecast to 3% to 4% from 5% to 7% previously. So really 2 questions. Number one, do you see these mostly as sort of onetime or short-term issues? And then number two, you benefit from this

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