Earnings ·
Reports Q3 revenue of $91.0M, raises full-year adjusted EPS guidance to $6.00-$6.10
CCSIConsensus Cloud Solutions, Inc.
Consensus Cloud Solutions reported third-quarter revenues of $91.0 million, a 3.7% increase from the prior year period, driven by a $5.1 million rise in corporate business partially offset by a decline in small office/home office sales. Net income remained flat at $22.0 million, while adjusted earnings per diluted share rose to $1.50 from $1.38. The company narrowed its full-year revenue guidance to $360-$364 million and raised its full-year adjusted EPS guidance range to $6.00-$6.10. Additionally, the Board terminated an existing debt repurchase program and approved a new authorization of up to $348.2 million for retiring 2028 Senior Notes through November 2027. Consensus Cloud Solutions is a global leader in digital cloud fax technology and interoperability solutions.