Broadridge Financial Solutions reports $166M 4Q profit
"The strong fourth-quarter performance enabled Broadridge to achieve another record year," said Richard J. Daly, Broadridge's chief executive, regarding the company's profit for the April-June 2015 period announced on Aug. 7. Daly is seen here on Nov. 6, 2009. Credit: Newsday / Maria Lopez
Broadridge Financial Solutions Friday reported its profit for the April-June period rose 18 percent on increased demand for its investor communications services.
The Lake Success-based distributor of proxy statements, annual reports and other documents from public companies to shareholders said its profit totaled $166 million for the fourth quarter of its 2015 fiscal year.
Sales climbed 5 percent to $930 million, year over year.
"The strong fourth-quarter performance enabled Broadridge to achieve another record year," said Richard J. Daly, Broadridge's chief executive.
The earnings report was released before the stock market opening. In early trading on the New York Stock Exchange, Broadridge shares were down 46 cents, or about 1 percent, to $53.64.
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