PAYX - Paychex Inc. (PAYX) Q4 2024 Earnings Call Transcript
2024-06-26 13:09:10 ET
Paychex, Inc. (PAYX)
Q4 2024 Earnings Conference Call
June 26, 2024 09:30 AM ET
Company Participants
John Gibson - President and CEO
Bob Schrader - CFO
Conference Call Participants
Bryan Bergin - TD Cowen
Kevin McVeigh - UBS
James Faucette - Morgan Stanley
Samad Samana - Jefferies
Caroline Latta - Bank of America
Andrew Nicholas - William Blair
Ashish Sabadra - RBC Capital Markets
Peter Christiansen - Citi
Ramsey El-Assal - Barclays
Bryan Keane - Deutsche Bank
David Togut - Evercore ISI
Kartik Mehta - Northcoast Research
Scott Wurtzel - Wolfe Research
Presentation
Operator
Good morning and welcome to the Fourth Quarter 2024 Paychex Earnings Conference Call. With us today are John Gibson and Bob Schrader. After the speakers’ opening remarks, there will be a question-and-answer period. [Operator Instructions]
As a reminder, this conference call is being recorded and your participation implies consent to our recording of this call. If you do not agree with these terms, please disconnect at this time.
Today's commentary will contain forward-looking statements that refer to future events and therefore involve some risks. In addition, the company will periodically refer to non-GAAP measures, such as adjusted operating income and adjusted diluted earnings per share. Please refer to their press release for further information.
I would now like to turn the call over to John Gibson, Paychex President and CEO. Please go ahead.
John Gibson
Thank you for joining us for our review of the Paychex Fourth Quarter and Fiscal Year 2024 Fiscal Results. Joining me today is Bob Schrader, our Chief Financial Officer. This morning before the market opened, we released our financial results for the fourth quarter and fiscal year ending May 31, 2024. You can access our earnings release and investor presentation on our Investors Relations website. Our Form 10-K will be filed with the SEC before the end of July. This teleconference is being broadcast over the internet and will be archived and available on our website for approximately 90 days.
I'll start the call today with an update on the business highlights for the fourth quarter and fiscal year. Bob will review our financial results for fiscal year 2024 and outlook for fiscal year 2025. We'll then open it up for your questions. As we close out the fiscal year, I am pleased to report that Paychex delivered solid financial results, reflecting our ability to navigate changing market conditions by providing both innovative HR technology and advisory solutions that continue to deliver value for our clients and their employees. And as the best operators in the business, we are continually finding ways to run our business more efficiently....
Paychex, Inc. (PAYX) Q4 2024 Earnings Call Transcript