Vertex reports Q3 EPS 16c, consensus 14c

Reports Q3 revenue $170.4M, consensus $165.7M. “The third quarter of 2024 was another great quarter for Vertex (VERX)”, stated David DeStefano, Vertex’s President, Chief Executive Officer and Chairperson of the Board. “Revenue was above the high end of our quarterly guidance, with mid-teens organic revenue growth. We were once again GAAP earnings positive with strong Adjusted EBITDA. And we delivered significant cash flow from operating activities as well as free cash flow, demonstrating our high-quality earnings.”