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CDK Global (Nasdaq: CDK) will announce its financial results for the fiscal year and fourth quarter ending June 30, 2020, after the market closes on August 4, 2020. A conference call is scheduled for 4:00 p.m. CT on the same day, featuring CEO Brian Krzanich and CFO Joe Tautges. Investors can access the live webcast through the CDK Investor Relations page. CDK Global, with over $2 billion in revenue, provides integrated technology solutions for the automotive retail industry, operating in more than 100 countries and serving approximately 30,000 retail locations.
CDK Global has announced a quarterly cash dividend of $0.15 per share, scheduled for payment on June 29, 2020. Shareholders of record as of the close of business on June 5, 2020 will receive this dividend. CDK Global, with $2 billion in revenues, is a prominent provider of integrated IT solutions for the automotive retail sector, serving around 30,000 retail locations in over 100 countries. Their solutions enhance dealership operations from acquisition to maintenance of vehicles.
CDK Global, Inc. announced its fiscal 2020 Q3 results, reporting GAAP revenues of $516.3 million, up 3% year-over-year, and a GAAP net earnings decline of 42% to $57.6 million. The GAAP diluted EPS dropped 41% to $0.47. Adjusted earnings showed a mixed performance, with non-GAAP diluted EPS rising 6% to $0.92. The company has reduced its fiscal 2020 guidance due to the COVID-19 pandemic, now estimating revenues between $1.915 - $1.965 billion. CDK has taken steps to support its dealers during the crisis and initiated a restructuring plan to boost efficiency.