- BCE press release (NYSE:BCE): Q1 Non-GAAP EPS of C$0.72.
- Revenue of C$6.01B (-0.7% Y/Y).
- Consolidated adjusted EBITDA growth of 1.1% better than Q1 plan, delivering 0.8 percentage-point increase in adjusted EBITDA margin to 42.7% on 2.0% lower operating costs.
- Cash flows from operating activities down 9.2% to C$1,132 million; free cash flow stable at $85 million.
- Reconfirming all 2024 financial guidance targets
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BCE confirmed its financial guidance targets for 2024, as provided on February 8, 2024, as follows:
2023 Results
2024 Guidance
Revenue growth
2.1 %
0% to 4%
Adjusted EBITDA growth
2.1 %
1.5% to 4.5%
Capital intensity
18.6 %
Below 16.5%
Adjusted EPS growth
(4.2 %)
(7%) to (2%)
Free cash flow growth
2.5 %
(11%) to (3%)
Annualized common dividend per share
C$3.87
C$3.99
BCE Non-GAAP EPS of C$0.72, revenue of C$6.01B; reaffirms FY24 outlook
