Blackbaud (BLKB) Tops Q4 EPS by 8c, FY EPS Guidance Beats

Blackbaud (NASDAQ: BLKB) reported Q4 EPS of $0.68, $0.08 better than the analyst estimate of $0.60. Revenue for the quarter came in at $274.8 million versus the consensus estimate of $278.2 million.

GUIDANCE:

Blackbaud sees FY2023 EPS of $3.30-$3.60, versus the consensus of $3.18. Blackbaud sees FY2023 revenue of $1.08-1.11 billion, versus the consensus of $1.11 billion.

• Non-GAAP revenue of $1.08 billion to $1.11 billion
• Non-GAAP adjusted EBITDA margin of 29.5% to 30.5%
• Non-GAAP earnings per share of $3.30 to $3.60
• Non-GAAP adjusted free cash flow of $170 million to $190 million
• Included in its 2023 full year financial guidance are the following assumptions:
• Non-GAAP annualized effective tax rate is expected to be approximately 20%
• Interest expense for the year is expected to be approximately $40 million to $44 million
• Fully diluted shares for the year are expected to be in the range of approximately 53 million to 54 million
• Capital expenditures for the year are expected to be in the range of approximately $65 million to $75 million, including approximately $55 million to $65 million of capitalized software and content development costs

For earnings history and earnings-related data on Blackbaud (BLKB) click here.

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