Adobe Announces New $25 Billion Stock Repurchase Program

“We’ve made tremendous progress improving our service performance in the past year thanks to investments under our Delivering for America plan and an organization-wide commitment to better serving our customers,” said Louis DeJoy, Postmaster General and CEO. “We are headed in the right direction but there is more work to be done to deliver the reliable service the American people expect and deserve.” Final FY2022 USPS service performance scores showed: *First-Class Mail: 91.0 percent of First-Class Mail delivered on time against the USPS service standard, an 8.3 percentage point improvement from FY21 (82.7 percent). *Marketing Mail: 93.3 percent of Marketing Mail delivered on time against the USPS service standard, a 5.7 percentage point improvement from FY21 (87.6 percent). *Periodicals: 83.7 percent of Periodicals delivered on time against the USPS service standard, a significant 8.1 percentage point increase over FY21 (75.6 percent).

Highlights: Revenue Increased 2%, Reflects 2016 Divestitures and Acquisitions; Organic Revenue Increased 10%; Diluted EPS Increased 13% to $1.62; Adjusted Diluted EPS Increased 19% to $1.72; Operating Profit Margin Increased 80 Basis Points to 45%; Adjusted Operating Profit Margin Increased 330 Basis Points to 47%. Click Read More below for additional details.

Second Quarter Fiscal Year 2020 Financial Highlights *Adobe achieved record quarterly revenue of $3.13 billion in its second quarter of fiscal year 2020, which represents 14 percent year-over-year growth. Diluted earnings per share was $2.27 on a GAAP basis, and $2.45 on a non-GAAP basis. *GAAP operating income in the second quarter was $1.02 billion, and non-GAAP operating income was $1.34 billion. GAAP net income was $1.10 billion, and non-GAAP net income was $1.19 billion. *Cash flows from operations was $1.18 billion.