CDK Global (CDK) Tops Q4 EPS by 2c, Offers FY19 Guidance
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CDK Global Reports Fourth Quarter and Fiscal 2018 Results; Provides Fiscal 2019 Guidance and Long-Term Growth Outlook
August 14, 2018 7:30 AM EDTFourth Quarter Highlights:
GAAP earnings per share rise 83% to $0.75; adjusted earnings per share rise 38% to $0.87GAAP net earnings attributable to CDK margin expands 710 bps to 17.5%; adjusted EBITDA margin expands 450 bps to 36.8%Revenues rise 1%Full Year Highlights:
GAAP earnings per share rise 40% to $2.78, adjusted earnings per share rise 27% to $3.26GAAP net earnings attributable to CDK margin expands 350 bps to 16.8%, adjusted EBITDA margin expands 380 bps to 35.9%Revenues rise 2%Guidance:
Expect fiscal 2019 net earnings attributable to CDK margin of 17.5% - 18.5%; adjusted EBITDA margin of... More