H&R Block reports increased revenue and earnings, announces dividend increase and share repurchase authorization

From GlobeNewswire: 2024-08-15 16:05:00

H&R Block, Inc. released its financial results for fiscal year 2024, reporting a 4% increase in revenue to $3.6 billion and a 16% increase in earnings per share to $4.14. The company repurchased $350 million of shares and announced a 17% increase in quarterly dividend to $0.375 per share.

The company also announced a new share repurchase authorization of $1.5 billion for fiscal year 2025 along with an outlook of revenue growth, EBITDA exceeding revenue, and increased earnings per share. H&R Block’s CFO expressed satisfaction with the strong financial performance, including increased free cash flow.

For fiscal year 2025, the company expects revenue between $3.69 to $3.75 billion, EBITDA to range from $975 million to $1.02 billion, effective tax rate of approximately 13%, and adjusted diluted earnings per share between $5.15 to $5.35. The tax rate is expected to benefit from the closure of various examinations and expiration of limitations.

A conference call for analysts and investors will be held on August 15, 2024, to discuss the fiscal 2024 results, outlook, and general business update. Participants can join the call via registration and access the webcast for playback. H&R Block focuses on providing tax preparation services, financial products, and small-business solutions to inspire confidence in clients and communities worldwide.



Read more at GlobeNewswire:: H&R Block Reports FY24 Results; Announces 17% Dividend