2024-02-06 12:52:08 ET
Fiserv, Inc. (FI)
Q4 2023 Earnings Conference Call
February 06, 2024, 08:00 AM ET
Company Participants
Julie Chariell - SVP of IR
Frank Bisignano - Chairman, President and CEO
Robert Hau - CFO
Conference Call Participants
David Togut - Evercore ISI
Tien-Tsin Huang - JPMorgan
Darrin Peller - Wolfe Research
Timothy Chiodo - UBS
Dan Dolev - Mizuho Securities
Jason Kupferberg - Bank of America
Dave Koning - Baird
Ashwin Shirvaikar - Citi
Presentation
Operator
Welcome to the Fiserv Fourth Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode until the question-and-answer session begins following the presentation. As a reminder, today’s call is being recorded.
At this time, I will turn the call over to Julie Chariell, Senior Vice President of Investor Relations at Fiserv.
Julie Chariell
Thank you, and good morning. With me on the call today are Frank Bisignano, our Chairman, President and Chief Executive Officer; and Bob Hau, our Chief Financial Officer.
Our earnings release and supplemental materials for the quarter and full year are available on the Investor Relations section of fiserv.com. Please refer to these materials for an explanation of the non-GAAP financial measures discussed on this call, along with the reconciliation of those measures to the nearest applicable GAAP measures. Unless otherwise stated, performance references are year-over-year comparisons.
Our remarks today will include forward-looking statements about, among other matters, expected operating and financial results and strategic initiatives. Forward-looking statements may differ materially from actual results and are subject to a number of risks and uncertainties. You should refer to our earnings release for a discussion of these risk factors.
And now over to Frank.
Frank Bisignano
Thank you, Julie, and thank you all for joining us today to discuss another double-digit growth year for Fiserv in both organic revenue and adjusted earnings per share.
In 2023, we continue to demonstrate our leadership as proven by our financial performance. 12% organic revenue growth, more than 200 basis points of adjusted operating margin expansion, 16% growth in adjusted earnings per share, $4 billion of free cash flow and $4.7 billion return to our shareholders through share repurchase.
These results are possible because Fiserv possesses a set of assets that's unparalleled in our industry. From our vast and diverse client base, product portfolio and distribution network, to technology and capital resources, to a deep bench empowered with strategic vision and operational excellence....
Read the full article on Seeking Alpha
For further details see:
Fiserv, Inc. (FI) Q4 2023 Earnings Call Transcript