Jack Henry Announces Q3 FY24 Deconversion Revenue Event
Ticker: JKHY · Form: 8-K · Filed: Apr 29, 2024 · CIK: 779152
| Field | Detail |
|---|---|
| Company | Jack Henry & Associates Inc (JKHY) |
| Form Type | 8-K |
| Filed Date | Apr 29, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: revenue-recognition, customer-contract, financial-reporting
Related Tickers: JKHY
TL;DR
JKHY filing: Q3 revenue hit by one-time deconversion event. Watch for adjustments.
AI Summary
On April 29, 2024, Jack Henry & Associates, Inc. (JKHY) filed an 8-K to announce a deconversion revenue event impacting their fiscal third quarter of 2024. This event is related to a specific customer contract and is expected to result in a one-time revenue recognition adjustment.
Why It Matters
This filing signals a one-time revenue adjustment for Jack Henry, which could impact short-term financial reporting and investor expectations for the current quarter.
Risk Assessment
Risk Level: medium — The filing indicates a one-time revenue event, which can introduce uncertainty and volatility into financial results, requiring careful analysis by investors.
Key Players & Entities
- Jack Henry & Associates, Inc. (company) — Registrant
- JKHY (company) — Ticker Symbol
- April 29, 2024 (date) — Filing Date
- Q3 FY24 (date) — Fiscal Quarter
FAQ
What is the nature of the deconversion revenue event?
The filing indicates a deconversion revenue event related to a specific customer contract, resulting in a one-time revenue recognition adjustment for the fiscal third quarter of 2024.
Which fiscal quarter is affected by this event?
The fiscal third quarter of 2024 (Q3 FY24) is affected by this deconversion revenue event.
What is the expected financial impact of this event?
The event is expected to result in a one-time revenue recognition adjustment, the specific dollar amount of which is not detailed in this initial filing.
Is this a recurring event for Jack Henry?
The filing describes this as a 'deconversion revenue event' and a 'one-time revenue recognition adjustment,' suggesting it is not a recurring operational issue.
Where is Jack Henry & Associates, Inc. headquartered?
Jack Henry & Associates, Inc. is headquartered in Monett, Missouri, with its principal executive offices located at 663 Highway 60, P.O. Box 807, Monett, MO 65708-0807.
Filing Stats: 435 words · 2 min read · ~1 pages · Grade level 10.2 · Accepted 2024-04-29 16:57:58
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value JKHY Nasdaq Global Select Mar
Filing Documents
- jkhy-20240429.htm (8-K) — 22KB
- jkhy-prdatedapril292024xq3.htm (EX-99.1) — 11KB
- 0000779152-24-000027.txt ( ) — 145KB
- jkhy-20240429.xsd (EX-101.SCH) — 2KB
- jkhy-20240429_lab.xml (EX-101.LAB) — 19KB
- jkhy-20240429_pre.xml (EX-101.PRE) — 11KB
- jkhy-20240429_htm.xml (XML) — 2KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On April 29, 2024, Jack Henry & Associates, Inc. issued a press release announcing its deconversion revenue for the fiscal third quarter ended March 31, 2024, the text of which is attached hereto as Exhibit 99.1.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibits Exhibit No. Description 99.1 Press release dated April 29, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. JACK HENRY & ASSOCIATES, INC. (Registrant) Date: April 29, 2024 /s/ Mimi L. Carsley Mimi L. Carsley Chief Financial Officer and Treasurer