Blackbaud Inc Stock Price, News & Analysis

Blackbaud (NASDAQ: BLKB) has announced its participation in two significant investor events in March 2022. The company's president and CEO, Mike Gianoni, will engage in one-on-one and group meetings hosted by Stifel on March 2, 2022. Following that, Steve Hufford, Director of Investor Relations, will hold one-on-one meetings at the Raymond James 43rd Annual Institutional Investor Conference in Orlando, Florida, on March 8-9, 2022. Additional details and company updates can be found on the Blackbaud investor website.

Blackbaud (NASDAQ: BLKB) reported its Q4 and full-year 2021 financial results, highlighting a GAAP total revenue of $247.9 million for Q4, reflecting a 2.2% increase year-over-year. The company plans to achieve approximately 17% revenue growth in 2022, boosted by its acquisition of EVERFI, which is expected to significantly increase total revenue. Non-GAAP diluted earnings per share for Q4 were $0.75, down $0.10. Full-year GAAP revenue reached $927.7 million, up 1.6%. Blackbaud anticipates its 2022 revenue guidance will be between $1.075 billion and $1.095 billion.

The Blackbaud Institute released its 2021 Charitable Giving Report, highlighting a record 9% increase in U.S. giving, the highest since 2012. The report tracked over $46 billion in charitable contributions, revealing that average donations climbed to $813—a 10% rise. Online giving also grew by 9%, with over 12% of donations made online. Notably, environmental organizations saw a substantial growth of 19.3% in donations.

OneMain Financial has launched a new national credit education program for high school students called Credit Worthy, supported by a $4 million investment. This digital curriculum aims to improve financial literacy and will reach at least 1,500 schools by the end of 2022. As part of the initiative, OneMain will provide $300,000 in scholarships. The program addresses a critical gap, given that 68% of students lack understanding of credit scores, as highlighted by EVERFI's research.

Blackbaud (NASDAQ: BLKB) will report its fourth quarter and full year 2021 financial results on February 22, 2022, after market close. A conference call discussing the results will take place on February 23, 2022, at 8:00 a.m. ET. Blackbaud is the leading cloud software company for the social good sector, providing tailored solutions for nonprofits, education, and other organizations to enhance their impact. The company has a global presence, operating in multiple countries including the U.S., U.K., and Canada.

Blackbaud (NASDAQ: BLKB) announced that its president and CEO, Mike Gianoni, has been recognized as one of the '50 Most Influential People of 2021' by Charleston Business Magazine for the fourth consecutive year. This accolade highlights Gianoni's significant economic and community contributions. Under his leadership since 2014, Blackbaud has enhanced its market presence, serving vital sectors including nonprofits and higher education. The company’s recent acquisition of EVERFI further strengthens its ESG solutions, connecting major corporations with impactful social initiatives.

Blackbaud (NASDAQ: BLKB) announced a significant multi-year, six-figure donation to Project Drawdown to enhance global climate solutions. This partnership aims to reach 'drawdown'—the point where greenhouse gas levels begin to decline, combating climate change. Blackbaud's investment will fund educational initiatives and programs aimed at increasing awareness and engagement in climate action among various audiences, including educators and students. The company continues to emphasize its commitment to ESG practices, aligning with sustainable development goals.