NASDAQ$JKHY

Jack Henry & Associates Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Jack Henry's financial performance for Q1 2024 reflected strong revenue growth driven by private cloud and processing services, offset by a decrease in GAAP operating income due to a one-time expense.

Jack Henry & Associates reported strong financial performance for the first quarter of fiscal year 2024, with GAAP revenue increasing by 8.0% and non-GAAP adjusted revenue increasing by 7.7%. The company's sales teams saw strong demand for innovative financial technology solutions.

  • GAAP revenue increased by 8.0% compared to the prior fiscal year quarter.
  • Non-GAAP adjusted revenue increased by 7.7% compared to the prior fiscal year quarter.
  • GAAP EPS was $1.39 per diluted share, compared to $1.46 in the prior fiscal year quarter.
  • The company's sales pipeline is at its highest level.

Headline financials

Total Revenue

$571M

Previous: $529M+8.0%
EPS (adj)

$1.39

Previous: $1.46-4.8%
Non-GAAP EBITDA

$195M

Previous: $176M+10.5%
Free Cash Flow

$107M

Previous: $116M-8.3%
Return on Average Shareholders' Equity

23.2%

Previous: 25.7%-9.7%
NOPAT ROIC

20.0%

Previous: 23.2%-13.8%
Capital Expenditures

-$7.61M

Previous: -$7.74M+1.6%
Net Income

$102M

Previous: $107M-4.6%
Operating Income

$133M

Previous: $141M-5.7%
Gross Profit

$248M

Previous: $231M+7.5%
Cash & Equivalents

$31.5M

Previous: $32M-1.6%
Total Assets

$2.73B

Previous: $2.58B+6.0%
Stock-Based Comp

$7.15M

Previous: $7M+2.1%

Revenue & EPS history

Jack Henry · Revenue · Quarterly

$571M

Q1 2024+8%vs Q1 2023
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

Jack Henry · $372M total across 3 segments · Q1 2024

  • Core
    $186M
  • Complementary
    $161M
  • Corporate and Other
    $24.2M

Forward guidance

Jack Henry provided full year fiscal 2024 guidance, assuming no acquisitions are made during the fiscal year.

Tailwinds

  • Revenue: $2,211 to $2,232 million (updated)
  • Operating Margin: 21.8% to 21.9% (updated)
  • EPS: $4.98 to $5.04 (updated)
  • Adjusted Revenue: $2,193 to $2,214 million (updated)
  • Adjusted Operating Margin: 22.2% to 22.3% (updated)

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.0%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+0.7%

Avg return

30 days after

54%

36 / 67 earnings

Positive

+11.2%

Q3 2020

Best reaction

-13.5%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-0.4%-0.2%-10.7%
Q2 2026+1.5%+0.1%-9.2%
Q1 2026+4.8%+6.7%+19.2%
Q3 2025-0.2%+5.6%+5.7%
Q2 2025-0.7%-0.2%+9.9%
Q1 2025+0.1%+0.3%-4.6%
Q4 2024+0.8%-0.8%+4.5%
Q3 2024+0.4%+2.6%-0.2%
Q2 2024+3.6%+7.8%+6.5%
Q1 2024+3.2%+1.8%+13.6%
Q4 2023-9.0%-9.8%-11.2%
Q3 2023-3.2%-6.3%-7.3%
Q2 2023-7.4%-4.1%-8.4%
Q1 2023-5.1%-4.0%+1.7%
Q4 2022-6.3%-2.9%-8.4%
Q3 2022-1.3%-2.8%-1.5%
Q2 2022+4.6%+0.1%+8.6%
Q1 2022+0.4%-0.4%-1.3%
Q4 2021-3.0%-0.3%-3.9%
Q3 2021-2.6%-4.1%-4.5%
Q2 2021-2.2%-4.8%-2.2%
Q1 2021-1.6%+1.7%+1.5%
Q4 2020-13.5%-16.7%-18.8%
Q3 2020+11.2%+15.3%+12.6%
Q2 2020+7.9%+8.8%+8.6%
Q1 2020+2.8%+5.5%+6.6%
Q4 2019+0.6%-1.9%+4.5%
Q3 2019-5.3%-7.4%-11.0%
Q2 2019-2.6%-2.2%-3.4%
Q1 2019-2.1%-5.5%-9.2%
Q4 2018+7.5%+9.7%+10.9%
Q3 2018-1.3%+2.9%+4.7%
Q2 2018-0.6%-2.2%+3.7%
Q1 2018+1.8%+1.7%+4.5%
Q4 2017-4.5%-7.4%-4.1%
Q3 2017+0.6%+1.2%+8.4%
Q2 2017-0.2%+1.0%+4.9%
Q1 2017+4.4%+5.2%+10.8%
Q4 2016-3.3%-1.3%-3.3%
Q3 2016+0.9%
Q2 2016-1.8%
Q1 2016+0.1%
Q4 2015+4.2%
Q3 2015-0.4%
Q2 2015+0.8%
Q1 2015+1.9%
Q4 2014-0.3%
Q3 2014+2.1%
Q2 2014+1.6%
Q1 2014+0.8%
Q4 2013+2.1%
Q3 2013+0.6%
Q2 2013+5.7%
Q1 2013+4.2%
Q4 2012+2.9%
Q3 2012-0.9%
Q2 2012+0.7%
Q1 2012-2.5%
Q4 2009-3.0%
Q4 2011-3.0%
Q3 2010+0.1%
Q3 2011+0.1%
Q4 2010+1.0%
Q2 2010+1.0%
Q2 2011+1.0%
Q1 2010-0.4%
Q1 2011-0.4%

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