BLKB · BLACKBAUD INC Q2 FY2026 earnings call record财报电话会记录

“Blackbaud brings nearly 45 years of specialized domain expertise, serving as the system of record for our customers with deeply embedded workflows purpose-built for the social impact sector.”

“You may recall that just a few years ago, more than half of our renewal volume was from customers on one-year contracts.”

“Within K-12, we previewed the Admissions Agent at our bbcon 2026 user conference and introduced a wave of embedded AI across our total school solution, including predictive candidate insights, new enrollment contracts capabilities, and student success insights that help schools proactively support at-risk students.”

“Our agents stand apart precisely because they're embedded in the solutions customers already trust, reducing the data gaps and security risks created by bolt-on tools.”

“Adjusted EBITDA growth of 6%-8% annually while expanding our Adjusted EBITDA margin to 40%+.”

“We expect to deploy 50% or more of our cumulative free cash flow generated between 2026 and 2030 towards stock repurchases and continue to reduce our common stock outstanding.”

“In the more near term, as we stated in our earnings press release today, we are pointing investors to the high end of our original FY 2026 guide across revenue, Adjusted EBITDA, EPS, and free cash flow.”

“Free cash flow increased approximately $24 million, up 46% year-over-year to $75 million in the quarter.”

“During the first half of 2026, including the net share settlement of employee stock compensation, we repurchased just over 6% of our outstanding common stock as of December 31st, 2025.”

“We anticipate deploying at least 50% of cumulative free cash flow generated from 2026 through 2030 toward share repurchases.”

“Beyond that commitment, the company has tremendous optionality for dynamically allocating capital to its highest and best use based on market conditions, including additional share repurchases, debt reduction, and strategic tuck-in acquisitions.”

“I'm trying to square the commentary around the high end of the guidance versus the kind of 3% constant currency growth that we saw in this quarter versus the 4%-4.5% for the full year.”