CDK Global (CDK) Tops Q3 EPS by 4c, Revenues Beat; Affirms FY19 EPS/Revenue Guidance

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CDK Global Reports Third Quarter Fiscal 2019 Results

April 30, 2019 7:30 AM EDT

ASC 606 Third Quarter Results

Revenues of $602.1 millionGAAP net earnings attributable to CDK of $99.8 million and adjusted EBITDA of $222.5 millionGAAP diluted earnings attributable to CDK per share of $0.80 and adjusted diluted earnings attributable to CDK per share of $0.98Maintains revenue and adjusted EPS guidance ranges; tightens adjusted EBITDA range             

ASC 605 Third Quarter Results

Revenues increase 4% to $600.7 millionGAAP net earnings attributable to CDK increase 1% to $96.6 million and adjusted EBITDA increases 4% to $218.3 millionGAAP diluted earnings attributable to CDK per share increase 8% to $0.77 and... More