Every material Form 8-K Tyler Technologies filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Tyler Technologies reported third quarter 2024 results for the period ended September 30, 2024, with total revenues of $543.3 million, up 9.8%, and GAAP diluted earnings per share of $1.74, up from $1.10 a year earlier. The company also revised its full-year 2024 guidance, but the filing does not state whether the new ranges are higher or lower than the prior ones.
Total revenues $543.3 million, up 9.8%; SaaS revenues up 20.3% to $166.6 million
GAAP net income $75.9 million, or $1.74 per diluted share, up 61.4%; non-GAAP EPS $2.52, up 20.0%
Free cash flow $252.9 million, up 55.5%
Full-year 2024 revenue guidance now $2.125 billion to $2.145 billion; GAAP EPS $6.13 to $6.28
On September 25, 2024, Tyler Technologies entered a new unsecured revolving credit facility of up to $700 million, maturing September 25, 2029, which replaces its $500 million 2021 credit agreement that was scheduled to mature in April 2026. Tyler had no borrowings outstanding under either agreement at closing, and the company may use the facility for general corporate purposes, including acquisitions. The filing describes a financing arrangement rather than a change in drawn debt.
New unsecured revolving credit facility of up to $700 million, maturing September 25, 2029
Replaces the $500 million 2021 credit agreement, which was scheduled to mature in April 2026
No borrowings outstanding under either the new or the 2021 agreement at closing
Revolving loans priced at SOFR plus 1.125% to 1.75%, based on the total net leverage ratio
Tyler Technologies reported second-quarter 2024 revenue of $541.0 million, up 7.3%, and GAAP diluted earnings of $1.57 per share, up from $1.15 a year earlier. The company revised its full-year 2024 guidance, with total revenue now expected at $2.120 billion to $2.150 billion, and said its outlook for the rest of the year is positive.
Q2 2024 GAAP net income was $67.7 million, or $1.57 per diluted share, versus $1.15 in Q2 2023; non-GAAP EPS was $2.40, up 20.9%.
SaaS revenues grew 23.2% to $156.0 million; SaaS arrangements made up about 97% of new software contract value.
Full-year 2024 guidance: total revenue of $2.120 billion to $2.150 billion; GAAP diluted EPS of $5.76 to $5.96; non-GAAP diluted EPS of $9.25 to $9.45.
Free cash flow was $48.6 million in Q2 2024, compared with negative $33.2 million a year earlier.
At its May 9, 2024 annual meeting, Tyler Technologies stockholders approved an amended and restated 2018 Stock Incentive Plan that increases the number of shares available for share-based awards by 4.60 million. Stockholders also voted on eight director nominees, an advisory say-on-pay resolution, the auditor ratification of Ernst & Young LLP for fiscal 2024, and a shareholder proposal on a simple majority vote.
Amended 2018 Stock Incentive Plan adds 4.60 million shares for share-based compensation awards.
Say-on-pay resolution: 35,591,935 votes for and 1,342,424 against.
Ernst & Young LLP ratification: 36,823,599 votes for and 2,770,908 against.
Simple majority vote proposal: 34,292,449 votes for and 2,651,031 against; the filing does not state the outcome.
Tyler Technologies reported first-quarter 2024 total revenue of $512.4 million, up 8.6%, and GAAP net income of $54.2 million, or $1.26 per diluted share, up from $0.73. The company also revised its full-year 2024 guidance, but the filing does not state the prior guidance, so the direction of the change is not clear from this document. Free cash flow fell 10.1% to $57.2 million.
Total revenues were $512.4 million, up 8.6%; SaaS revenues grew 22.0% to $148.8 million.
GAAP diluted EPS was $1.26 versus $0.73 a year earlier; non-GAAP diluted EPS was $2.20 versus $1.76.
Free cash flow was $57.2 million, down 10.1% from $63.6 million.
2024 guidance: total revenues of $2.110 billion to $2.140 billion and GAAP diluted EPS of $5.27 to $5.47.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Tyler Technologies filing is on SEC EDGAR ↗. 8-K briefs of other companies →