Broadridge Financial Solutions, Inc. (NYSE:BR) reported financial results for the second quarter and six months ended December 31, 2020 of its fiscal year 2021.
Financial Results for the Second Quarter Fiscal Year 2021 compared to Second Quarter Fiscal Year 2020
Net earnings increased 457% to $56 million and Adjusted Net earnings increased 38% to $86 million.
◦ Diluted earnings per share increased 433% to $0.48, compared to $0.09 in the prior year period and Adjusted earnings per share increased 38% to $0.73, compared to $0.53 in the prior year period.
◦ The increases in Diluted earnings per share and Adjusted earnings per share were primarily due to the increase in Recurring fee revenues and higher event-driven fee revenues.
Financial Results for the Six Months Fiscal Year 2021 compared to the Six Months Fiscal Year 2020
Net earnings increased 85% to $122 million and Adjusted Net earnings increased 41% to $200 million.
◦ Diluted earnings per share increased 86% to $1.04, compared to $0.56 in the prior year period and Adjusted earnings per share increased 39% to $1.70, compared to $1.22 in the prior year period.
◦ The increases in Diluted earnings per share and Adjusted earnings per share were primarily due to the increase in Recurring fee revenues and higher event-driven fee revenues.
Source: www.broadridge-ir.com
