From GlobeNewswire: 2025-02-05 16:15:00

Paycor HCM, Inc. reported Q2 total revenues of $180.4 million, a 13% increase year-over-year, with Q2 recurring revenues of $167.4 million, a 14% increase year-over-year. The company also announced a definitive agreement to be acquired by Paychex, Inc. for approximately $4.1 billion in an all-cash transaction.

The acquisition by Paychex, Inc. values Paycor at $22.50 per share, representing a premium of 19% over the 30-day volume weighted average trading price. The deal, approved by Paycor’s Board of Directors and majority shareholders, is expected to close in the first half of 2025. Paycor will become a wholly-owned subsidiary of Paychex.

Due to the pending merger, Paycor will not host an earnings conference call or provide financial guidance for fiscal year 2025. The company’s financial results and details can be found in their Form 10-Q for the quarter ended December 31, 2024. Additional information on the transaction will be filed with the SEC for shareholders to review.

Adjusted financial metrics, including operating income, net income, and free cash flow, were presented to supplement GAAP financial information. This includes adjusted gross profit, operating expenses, and net income, providing investors with a clearer view of the company’s financial performance. The adjustments account for various expenses and corporate activities.



Read more at GlobeNewswire:: Paycor Announces Second Quarter Fiscal Year 2025 Financial