- Paycom Software Inc (NYSE:PAYC) stock is trading higher after hours on first-quarter earnings, which beat estimates and issued better than expected outlook.
- Paycom reported adjusted earnings of $2.46 per share, beating analyst estimates of $2.35 per share. Revenue for the quarter was $451.64 million, beating the forecast of $444.19 million.
- Adjusted EBITDA for Q1 was $220.5 million, up from $170.1 million in the prior year quarter.
- The company’s operating margin for the quarter was 35.5%, down from 35.7% year-over-year. Q1 operating cash flow was $146.1 million.
- It ended Q1 with cash and equivalents of $505.6 million.
- Outlook: Paycom expects revenue for the second quarter to be in the range of $397 million to $399 million, compared to the consensus of $393.11 million.
- For FY23, it expects revenue to be $1.713 billion to $1.715 billion, beating estimates of $1.7 billion.
- Price Action: PAYC shares are up 1.44% at $293 in the after-hours session on the last check Tuesday.
Axalta Coating Systems Presents 3-Year Plan, Aims To Target A Number Of Milestones For 2026, Including $500M In Net Sales Growth And Greater Than 60% Adjusted Diluted EPS Growth Compared To 2023, Along With Adjusted EBITDA Margins That Exceed 21%
Axalta Coating Systems (NYSE:AXTA) ("Axalta"), a leading global coatings company, today will present its three-year plan (2026 A-Plan) during a Strategy Day that is being held at the company's Global Innovation Center.
