Business Context and Reporting Period
Company: Broadridge Financial Solutions, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: February 8, 2017
Reporting Period: Second quarter ended December 31, 2016
This filing serves as a Regulation FD disclosure regarding an earnings conference call held on February 8, 2017, to discuss financial results for the quarter ended December 31, 2016.
Key Financial Metrics
The provided text does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being discussed in the attached earnings conference call transcript (Exhibit 99.1) and the press release/webcast presentation (Exhibits 99.1 and 99.2), which are not included in the source text.
Material Changes
The filing text does not provide specific data regarding material changes versus the prior comparable period. It only confirms that the company held a conference call to discuss the results for the quarter ended December 31, 2016.
Guidance, Outlook, and Risks
Forward-Looking Statements: The filing contains forward-looking statements subject to risks and uncertainties. These statements are based on management's expectations and are qualified by reference to risk factors in the 2016 Annual Report (Form 10-K).
Key Risk Factors Identified:
- Success in retaining existing clients and acquiring new ones.
- Reliance on a relatively small number of clients and their financial health.
- Changes in laws and regulations affecting clients or services.
- Potential material breaches of security affecting client information.
- Declines in participation and activity in securities markets.
- Failure of outsourced data center services providers.
- System disasters, slowdowns, or service performance errors.
- Overall market and economic conditions.
- Ability to keep pace with technology changes and client demands.
- Attraction and retention of key personnel.
- Impact of new acquisitions and divestitures.
- Competitive conditions.
Disclaimer: Broadridge disclaims any obligation to update forward-looking statements to reflect future events or unanticipated circumstances, except as required by law.
Investor Verification Checklist
- Verify the specific revenue, profit, and cash flow figures in the attached Exhibit 99.1 (Earnings Conference Call Transcript) and the press release.
- Review the reconciliations of Non-GAAP measures to GAAP measures referenced in the press release and webcast presentation.
- Consult the 2016 Annual Report (Form 10-K) for detailed risk factors referenced in the forward-looking statements.
- Confirm the status of client retention and new client acquisition strategies discussed during the conference call.