Read the Full CSI Financial Results - Q3 2024 here: Download PDF

Toronto, Ontario (November 8, 2024) - Constellation Software Inc. (TSX:CSU) ("Constellation" or the "Company"), parent organization of Vertus Group, announced its financial results for the third quarter ended September 30, 2024 and declared a $1.00 per share dividend payable on January 10, 2025 to all common shareholders of record at close of business on December 20, 2024. This dividend has been designated as an eligible dividend for the purposes of the Income Tax Act (Canada). Please note that all dollar amounts referred to in this press release are in U.S. Dollars unless otherwise stated. 

The following press release should be read in conjunction with the Company's Unaudited Condensed Consolidated Interim Financial Statements for the three and nine months ended September 30, 2024 and the accompanying notes, our Management Discussion and Analysis for the three and nine months ended September 30, 2024 and with our annual Consolidated Financial Statements, prepared in accordance with International Financial Reporting Standards ("IFRS") an our annual Management's Discussion and Analysis for the year ended December 31, 2023, which can be found on SEDAR+ at www.sedarplus.com and on the Company's website www.csisoftware.com. Additional information about the Company is also available at www.sedarplus.com.

Q3 2024 and Subsequent Headlines: 

• Revenue grew 20% (2% organic growth, 1% after adjusting for changes in foreign exchange rates) to $2,541 million compared to $2,126 million in Q3 2023. 
• Net income attributable to common shareholders decreased 28% to $164 million ($7.74 on a diluted per share basis) from $227 million ($10.70 on a diluted per share basis) in Q3 2023. 
• A number of acquisitions were completed for aggregate cash consideration of $197 million (which includes acquired cash). Deferred payments associated with these acquisitions have an estimated value of $70 million resulting in total consideration of $267 million. 
• Cash flows from operations ("CFO") increased 1% or $3 million to $517 million compared to $513 million for the comparable period in 2023. 
• Free cash flow available to shareholders ("FCFA2S") decreased 2% or $6 million to $362 million compared to $367 million for the same period in 2023. (See Non-IFRS measures).

Read the Full CSI Financial Results - Q3 2024 here: Download PDF