From GlobeNewswire: 2024-11-07 16:05:00

H&R Block, Inc. reported a 5% increase in revenue for the first quarter of fiscal 2025, totaling $193.8 million. The company repurchased $210 million of shares and reaffirmed its full-year outlook. Operating expenses increased by $32 million primarily due to higher wages. The pretax loss increased by $19.9 million.

The Company announced a quarterly cash dividend of $0.375 per share, payable on January 6, 2025. They also repurchased and retired 3.3 million shares at an aggregate price of $209.6 million in the first quarter. H&R Block has returned over $4.1 billion to shareholders since 2016.

H&R Block reaffirmed its fiscal year 2025 outlook, expecting revenue between $3.69 to $3.75 billion, EBITDA between $975 million to $1.02 billion, and adjusted diluted earnings per share between $5.15 to $5.35. The effective tax rate is estimated to be approximately 13%.

The Company will host a conference call on November 7, 2024, to discuss the first quarter results. Participants must register in advance to join the call. The call will also be webcast for the media and general public. H&R Block provides tax preparation services, financial products, and small-business solutions globally.



Read more at GlobeNewswire:: H&R Block Reports Fiscal 2025 First Quarter Results