CDK Global (CDK) Tops Q1 EPS by 3c, Slight Beat on Revenues; Raises FY19 Revenue Guidance

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CDK Global Reports First Quarter Fiscal 2019 Results

November 7, 2018 7:30 AM EST

ASC 606

Revenues of $554.5 millionGAAP net earnings attributable to CDK margin of 16.3% and adjusted EBITDA margin of 37.7%GAAP diluted earnings attributed to CDK per share of $0.69 and adjusted diluted earnings attributable to CDK per share of $0.89Provides full year revenue guidance of $2.33 billion - $2.36 billion

ASC 605

Revenues flat year-over-year at $565.9 millionGAAP net earnings attributable to CDK margin expand 190 bps to 16.3% and adjusted EBITDA margins expand 330 bps to 37.4%GAAP diluted earnings attributable to CDK per share rise 25% to $0.71 and adjusted diluted earnings... More