Paychex (PAYX) Tops Q2 EPS by 2c, Offers Outlook
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Paychex, Inc. Reports Second Quarter Results
December 18, 2019 8:30 AM ESTSecond Quarter Fiscal 2020 Highlights
Total revenue increased 15% to $990.7 million. Operating income increased 11% to $341.7 million. Net income increased 10% to $258.7 million, and adjusted net income(1) increased 8% to $253.8 million. Diluted earnings per share increased 11% to $0.72 per share, and adjusted diluted earnings per share(1) increased 8% to $0.70 per share. Earnings before interest, taxes, depreciation, and amortization (EBITDA)(1) increased 16% to $398.8 million.(1) Adjusted net income, adjusted diluted earnings per share, and EBITDA are not United States (U.S.) generally accepted accounting principles (GAAP) measures. Please refer to the Non-GAAP Financial Measures section on page 4 of... More
