Broadridge Financial Solutions Inc (BR) CEO Tim Gokey on Q4 2022 Results - Earnings Call Transcript

Broadridge Financial Solutions Inc (NYSE:BR) Q4 2022 Earnings Conference Call August 12, 2022 8:30 AM ET

Company Participants

Edings Thibault - IR

Tim Gokey - CEO

Edmund Reese - CFO

Conference Call Participants

David Togut - Evercore ISI

Peter Heckmann - D.A. Davidson

Puneet Jain - JPMorgan

Patrick O'Shaughnessy - Raymond James

Operator

Good morning, and welcome to the Broadridge Fourth Quarter and Fiscal Year 2022 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note, this event is being recorded.

I'd now like to turn the conference over to Edings Thibault, Head of Investor Relations. Please go ahead.

Edings Thibault

Thank you. Good morning, and welcome to Broadridge's fourth quarter fiscal year 2022 earnings call. Our earnings release and the slides that accompany this call may be found on the Investor Relations section of broadridge.com.

Joining me on the call this morning are Tim Gokey, our CEO; and our CFO, Edmund Reese. Before I turn the call over to Tim, a few standard reminders. We will be making forward-looking statements on today's call regarding Broadridge that involve risks. A summary of these risks can be found on the second page of the slides and a more complete description on our annual report on Form 10-K. We will also be referring to several non-GAAP measures, which we believe provide investors with a more complete understanding of Broadridge's underlying operating results. An explanation of these non-GAAP measures and reconciliations to their comparable GAAP measures can be found in the earnings release and presentation.

Let me now turn the call over to Tim Gokey. Tim?

Tim Gokey

Thank you, Edings, and good morning to everyone joining us. I'm pleased to update you on Broadridge's strong fourth quarter and full year performance for fiscal '22 as well as our positive outlook for fiscal '23. This performance is driven by strong execution, positive underlying trends and our acquisition of Itiviti, which exceeded our expectations in year one. We expect this strong performance to continue into fiscal '23 and beyond. I'll provide an overview, and Edmund will take us through the key details.

Before turning to our results, a note about what we are seeing from our unique position at the center of the equities, fixed income and fund markets. Despite the uncertainty and market pullback in the quarter ending in June, investors continue to be engaged and position growth remains robust. Our broker and asset management clients continue to face the imperative for digitizing their business. At the same time, they face regulatory change greater than any time since the global financial crisis. Our conversations with clients, both in North America and globally remain very active as they pursue industry solutions for common needs and digital innovation for areas where they seek to differentiate.