EverCommerce reports Q4 EPS (12c), consensus (13c)

Reports Q4 revenue $169.44M, consensus $172.41M…Adjusted EBITDA was $43.1M for the quarter ended December 31, 2023, compared to $35.2 million for the quarter ended December 31, 2022.”Despite experiencing some continuing headwinds to revenue growth in the fourth quarter, EverCommerce delivered Adjusted EBITDA results that were above the top end of guidance and represented 22% growth and 370 basis points of YoY margin expansion,” said Eric Remer, EverCommerce’s Founder and CEO. “Looking ahead, we are focused on driving balanced growth with profitability as well as delivering improved shareholder returns. The sale of our fitness assets announced yesterday is an initial step towards simplifying, transforming and optimizing our business.”