Ceridian has solutions for organizations of all sizes. 1-800-729-7655. The average U.S. dollar to Canadian dollar foreign exchange rate was $1.33, with a daily range of $1.30 to $1.36, for the three months ended September 30, 2020, compared to $1.32, with a daily range of $1.30 to $1.33, for the three months ended September 30, 2019. in a single cloud application to power the future of work. Business Outlook All financial results are reported in U.S. dollars unless otherwise stated. Dayforce, our flagship cloud HCM platform, provides human resources, payroll, benefits, workforce management, and talent management functionality. Adjusted EBITDA declined 28.4% to $33.2 million for the third quarter of 2020, compared to $46.4 million. In addition to any factors and assumptions set forth above in this press release, the material factors and assumptions used to develop the forward-looking information include, but are not limited to: the general economy remains stable; the competitive environment in the HCM market remains stable; the demand environment for HCM solutions remains stable; our implementation capabilities and cycle times remain stable; foreign exchange rates, both current and those used in developing forward-looking statements, specifically USD to CAD, remain stable at, or near, current rates; we will be able to maintain our relationships with our employees, customers and partners; we will continue to attract qualified personnel to support our development requirements and the support of our new and existing customers; and that the risk factors noted above, individually or collectively, do not have a material impact on the Company. Adjusted EBITDA margin is determined by calculating the percentage Adjusted EBITDA is of total revenue. Our fourth quarter 2020 guidance assumes an average U.S. dollar to Canadian dollar foreign exchange rate of $1.32, compared to an average rate of $1.32 in the fourth quarter of 2019. We have not reconciled the Adjusted EBITDA range for the fourth quarter of 2020 to the directly comparable GAAP financial measure because applicable information for the future period, on which this reconciliation would be based, is not readily available due to uncertainty regarding, and the potential variability of, depreciation and amortization, share-based compensation expense and related employer taxes, changes in foreign currency exchange rates, and other items. Net income for the third quarter of 2019 included a one-time tax benefit of $65.8 million related to the release of our valuation allowance. © Ceridian HCM, Inc. All Rights Reserved. Find anything about our product, search our documentation, and more. Ceridian will release third quarter 2020 earnings after the close of regular market trading on Thursday, November 5, 2020. About Ceridian HCM Holding Inc. Ceridian. Total revenue, which includes revenue from both our Cloud and Bureau solutions, was $204.4 million for the third quarter of 2020, an increase of 1.0%, or 1.1% on a constant currency basis. Forward-looking statements in this press release include statements relating to fourth quarter 2020 and fiscal 2021, as well as those relating to future growth initiatives. Jeremy Johnson – Vice President, Finance and Investor Relations. A live webcast and replay of the presentations will be available through Ceridian’s Investor Relations website. We present revenue on a constant currency basis to assess how our underlying businesses performed, excluding the effect of foreign currency rate fluctuations, which we believe is useful to management and investors. Adjusted net income was $17.7 million for the third quarter of 2020, compared to $17.0 million. For further information, please contact: Investor RelationsJeremy JohnsonHead of FP&A and Investor RelationsCeridian HCM Holding Inc.1-844-829 … As well as on the Ceridian Investor Relations website at investors.ceridian.com. A live webcast and replay of the presentation will be available through Ceridian’s Investor Relations website. We believe that Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted net income, non-GAAP financial measures, are useful to management and investors as supplemental measures to evaluate our overall operating performance. 1-844-829-9499 Makes Work Life Better™. Diluted weighted average common shares outstanding were 147.1 million and 149.2 million for the third quarter of 2020 and 2019, respectively. Excluding float revenue, total revenue was $193.8 million for the third quarter of 2020, an increase of 5.3%, or 5.4% on a constant currency basis. Ceridian HCM Holding Inc. (NYSE:CDAY) Q3 2019 Earnings Conference Call November 7, 2019 5:00 PM ET Company Participants. News releases and recent media coverage of Ceridian Corporation products, customers, employees and the human resources industry. All statements other than statements of historical fact or relating to present facts or current conditions included in this press release are forward-looking statements. Forward-Looking Statements Public Relations Teri Murphy Director, Corporate Communications Ceridian HCM Holding Inc. 1-647-417-2117 [email protected] A live webcast and replay of the presentation will be available through Ceridian’s Investor Relations website. My name is Jeremy Johnson, head of FP&A and investor relations at Ceridian. Story continues As a reminder, all figures discussed on this conference call are in US dollars, unless otherwise noted. other risks and uncertainties described in our most recent annual report on Form 10-K, subsequent quarterly reports on Form 10-Q, and other filings with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Diluted net loss per share was $(0.01) for the third quarter of 2020, compared to diluted net income per share of $0.42. [Operator instructions] As … Dayforce enterprise HCM software combines payroll, HR, benefits, talent and workforce management Based on information available to us as of November 5, 2020, we are issuing the following guidance for the fourth quarter of 2020: We expect Dayforce recurring services revenue growth, excluding float revenue and on a constant currency basis, to be above 19% in the first quarter of 2021 compared to the first quarter of 2020, including an anticipated $1 million to $2 million of improvement from increased customer employment levels. My name is Jeremy Johnson, vice president of finance and investor relations at Ceridian. Find anything about our product, search our documentation, and more. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These risks and uncertainties include, but are not limited to, the following: Additional factors or events that could cause our actual performance to differ from these forward-looking statements may emerge from time to time, and it is not possible for us to predict all of them. Director, Corporate Communications the impact of the Coronavirus disease 2019 (“COVID-19”) pandemic on our business, operations, and financial results; our inability to attain or to maintain profitability; significant competition for our solutions; our inability to continue to develop or to sell our existing Cloud solutions; our inability to manage our growth effectively; the risk that we may not be able to successfully migrate our Bureau customers to our Cloud solutions or to offset the decline in Bureau revenue with Cloud revenue; the decline or slower than expected development of the market for enterprise cloud computing; failure of our efforts to increase use of our Cloud solutions and our other applications may not succeed; our failure to provide enhancements and new features and modifications to our solutions; failure to comply with the Federal Trade Commission’s ongoing consent order regarding data protection; system interruptions or failures, including cyber-security breaches, identity theft, or other disruptions that could compromise our information; our failure to comply with applicable privacy, security, data, and financial services laws, regulations and standards; changes in regulations governing financial services, privacy concerns, and laws or other domestic or foreign data protection regulations; the risk of loss caused by customer failure to repay distribution of earned net wages and associated tax amounts made on behalf of our customers for our Dayforce Wallet or other services; our inability to successfully expand our current offerings into new markets or further penetrate existing markets; our inability to meet the more complex configuration and integration demands of our large customers; reductions in our customers’ employment levels or other overall declines in the financial viability of our current and prospective customers; the risk of our customers declining to renew their agreements with us or renewing at lower performance fee levels; our failure to manage our technical operations infrastructure; our inability to maintain necessary third party relationships, and third party software licenses, and identify errors in the software we license; our inability to protect our intellectual property rights, proprietary technology, information, processes, and know-how; our failure to keep pace with rapid technological changes and evolving industry standards; general economic, political and market forces beyond our control; changes in laws and regulations related to the Internet or changes in the Internet infrastructure itself; or. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “seek,” “plan,” “intend,” “believe,” “will,” “may,” “could,” “continue,” “likely,” “should,” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events but not all forward-looking statements contain these identifying words. ET) and the After Hours Market (4:00-8:00 p.m. Public … Alternatively, the event can be accessed from the Events & Presentations page on Ceridian’s Investor Relations website at https://investors.ceridian.com A replay and transcript will be available after the conclusion of the live event on Ceridian’s Investor Relations website. Excluding float revenue, Adjusted EBITDA declined 19.6%. The conference call replay will be available via webcast through Ceridian’s Investor Relations website. 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