Latest news with #ThereseTucker
Business Insider
7 days ago
- Business
- Business Insider
BlackLine co-CEO Therese Tucker to transition out of role
BlackLine (BL) announced that Therese Tucker, co-CEO and founder of BlackLine, will transition from her role as co-CEO effective October 1. As of that date Tucker will serve as founder, while Owen Ryan, co-CEO and chairman of BlackLine, will continue as CEO of the company. In the founder role, Tucker will continue as a member of BlackLine's executive team and will be actively engaged in the market. Her role will also involve a substantial presence in European markets. As part of this planned transition, Jeremy Ung, BlackLine's CTO, will lead the product and technology organization as well as BlackLine's India operations. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Yahoo
05-08-2025
- Business
- Yahoo
BlackLine Announces Co-CEO Transition and New Lead Independent Director
Therese Tucker to transition from her role as Co-CEO and focus on her role as Ryan will serve as CEO of Henshall to serve as Lead Independent Director. LOS ANGELES, Aug. 05, 2025 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL) ('BlackLine' or the 'Company'), the future-ready platform for the Office of the CFO, today announced that Therese Tucker, Co-CEO and Founder of BlackLine, will transition from her role as Co-CEO effective October 1, 2025. As of that date Tucker will serve as Founder, while Owen Ryan, Co-CEO and Chairman of BlackLine, will continue as CEO of the Company. In the Founder role, Tucker will continue as a member of BlackLine's executive team and will be actively engaged in the market, supporting and guiding the Company's largest customers as they navigate their transformation journeys. Her role will also involve a substantial presence in our European markets. She will continue to contribute her extensive experience to the Company's product development process. Tucker is a significant BlackLine shareholder and will continue to serve as a member of the Board of Directors. As part of this planned transition, Jeremy Ung, BlackLine's Chief Technology Officer, will lead the Product and Technology organization as well as BlackLine's India operations. "When Owen and I became co-CEOs in March 2023, my commitment was to build upon BlackLine's strong foundation and elevate it into a leading platform that serves the Office of the CFO," Tucker stated. "With our refreshed strategy, rapidly improving execution led by our dynamic new leadership team, and a reignited innovation engine, this is the right time for my transition to Founder." 'This transition is a pivotal moment for BlackLine's evolution. Therese's vision not only created BlackLine but shaped our entire industry,' said Ryan. 'It has been a privilege to serve with her as Co-CEO, and as I continue to lead BlackLine as CEO, I look forward to the Company continuing to benefit from her wisdom and experience.' BlackLine is also pleased to announce that the Board of Directors has named David Henshall as Lead Independent Director, replacing Tom Unterman, who has served on the Board since 2010 and as Lead Independent Director since 2023. Unterman will continue to serve on the Board of Directors and as a member of the Board's Nominating and Corporate Governance Committee and Compensation Committee. 'The recent strategic enhancements to our Board, notably the additions of Sam Balaji and Greg Hughes - both former CEOs of diverse, global enterprises - and David's appointment as Lead Independent Director, are part of our Board's vision to support the company's long-term strategy,' said Ryan. About BlackLine BlackLine (Nasdaq: BL), the future-ready platform for the Office of the CFO, drives digital finance transformation by empowering organizations with accurate, efficient, and intelligent financial operations. BlackLine's comprehensive platform addresses mission-critical processes, including record-to-report and invoice-to-cash, enabling unified and accurate data, streamlined and optimized processes, and real-time insight through visibility, automation, and AI. BlackLine's proven, collaborative approach ensures continuous transformation, delivering immediate impact and sustained value. With a proven track record of innovation, industry-leading R&D investment, and world-class security practices, more than 4,400 customers across multiple industries partner with BlackLine to lead their organizations into the future. For more information, please visit Forward-looking Statements This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as 'may,' 'will,' 'should,' 'could,' 'expect,' 'plan,' anticipate,' 'believe,' 'estimate,' 'predict,' 'intend,' 'potential,' 'would,' 'continue,' 'ongoing' or the negative of these terms or other comparable terminology. Forward-looking statements in this release include statements regarding our growth plans, strategies and opportunities. Any forward-looking statements contained in this press release are based upon BlackLine's current plans, estimates and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith beliefs and assumptions as of that time with respect to future events and are subject to risks and uncertainties. If any of these risks or uncertainties materialize or if any assumptions prove incorrect, actual performance or results may differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks related to the Company's ability to execute on its strategies, attract new customers, enter new geographies and develop, release and sell new features and solutions; and other risks and uncertainties described in the other filings we make with the Securities and Exchange Commission from time to time, including the risks described under the heading 'Risk Factors' in our Annual Report on Form 10-K. Additional information will also be set forth in our Quarterly Reports on Form 10-Q. Forward-looking statements should not be read as a guarantee of future performance or results, and you should not place undue reliance on such statements. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. Media Contact:Samantha Investor Relations Contact:Matt Humphries, in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
BlackLine's (NASDAQ:BL) Q1 Earnings Results: Revenue In Line With Expectations, Stock Soars
Accounting automation software maker Blackline (NASDAQ:BL) met Wall Street's revenue expectations in Q1 CY2025, with sales up 6% year on year to $166.9 million. The company expects next quarter's revenue to be around $171 million, close to analysts' estimates. Its non-GAAP profit of $0.49 per share was 28% above analysts' consensus estimates. Is now the time to buy BlackLine? Find out in our full research report. BlackLine (BL) Q1 CY2025 Highlights: Revenue: $166.9 million vs analyst estimates of $166.7 million (6% year-on-year growth, in line) Adjusted EPS: $0.49 vs analyst estimates of $0.38 (28% beat) Adjusted Operating Income: $34.95 million vs analyst estimates of $28.67 million (20.9% margin, 21.9% beat) The company reconfirmed its revenue guidance for the full year of $698.5 million at the midpoint Management raised its full-year Adjusted EPS guidance to $2.17 at the midpoint, a 6.6% increase Operating Margin: 2.1%, up from 1.1% in the same quarter last year Free Cash Flow Margin: 19.5%, down from 21.6% in the previous quarter Customers: 4,455, up from 4,443 in the previous quarter Market Capitalization: $3.11 billion 'BlackLine's first quarter delivered solid results with bookings exceeding expectations, driven by improved execution along with continued margin expansion,' said Owen Ryan, Co-CEO of BlackLine. Company Overview Started in 2001 by software engineer Therese Tucker, one of the very few women founders who took their companies public, BlackLine (NASDAQ:BL) provides software for organizations to automate accounting and finance tasks. Sales Growth A company's long-term sales performance can indicate its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Over the last three years, BlackLine grew its sales at a 14% compounded annual growth rate. Although this growth is acceptable on an absolute basis, it fell short of our standards for the software sector, which enjoys a number of secular tailwinds. BlackLine Quarterly Revenue This quarter, BlackLine grew its revenue by 6% year on year, and its $166.9 million of revenue was in line with Wall Street's estimates. Company management is currently guiding for a 6.5% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 7.4% over the next 12 months, a deceleration versus the last three years. This projection is underwhelming and implies its products and services will see some demand headwinds. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Yahoo
29-04-2025
- Business
- Yahoo
3 Small-Cap Stocks Facing Headwinds
Investors looking for hidden gems should keep an eye on small-cap stocks because they're frequently overlooked by Wall Street. Many opportunities exist in this part of the market, but it is also a high-risk, high-reward environment due to the lack of reliable analyst price targets. Luckily for you, our mission at StockStory is to help you make money and avoid losses by sorting the winners from the losers. Keeping that in mind, here are three small-cap stocks to swipe left on and some alternatives you should look into instead. Market Cap: $3.09 billion Started in 2001 by software engineer Therese Tucker, one of the very few women founders who took their companies public, BlackLine (NASDAQ:BL) provides software for organizations to automate accounting and finance tasks. Why Are We Wary of BL? Average billings growth of 6.7% over the last year was subpar, suggesting it struggled to push its software and might have to lower prices to stimulate demand Estimated sales growth of 6.8% for the next 12 months implies demand will slow from its three-year trend Free cash flow margin is expected to remain in place over the coming year, marking a divergence from its peers BlackLine's stock price of $46.70 implies a valuation ratio of 5x forward price-to-sales. Check out our free in-depth research report to learn more about why BL doesn't pass our bar. Market Cap: $1.33 billion Having designed the industry's first double-decker railcar in the 1980s, Greenbrier (NYSE:GBX) supplies the freight rail transportation industry with railcars and related services. Why Should You Dump GBX? Annual sales declines of 1.7% for the past two years show its products and services struggled to connect with the market during this cycle Competitive supply chain dynamics and steep production costs are reflected in its low gross margin of 13.3% Free cash flow margin shrank by 12 percentage points over the last five years, suggesting the company is consuming more capital to stay competitive Greenbrier is trading at $42.01 per share, or 6.2x forward EV-to-EBITDA. If you're considering GBX for your portfolio, see our FREE research report to learn more. Market Cap: $8.44 billion Originally spun off from General Electric in 2005 to provide business process services, Genpact (NYSE:G) is a global professional services firm that helps businesses transform their operations through digital technology, AI, and data analytics solutions. Why Do We Think Twice About G? Muted 4.4% annual revenue growth over the last two years shows its demand lagged behind its business services peers Underwhelming constant currency revenue performance over the past two years suggests its product offering at current prices doesn't resonate with customers 2.5 percentage point decline in its free cash flow margin over the last five years reflects the company's increased investments to defend its market position At $47.67 per share, Genpact trades at 14.1x forward price-to-earnings. Dive into our free research report to see why there are better opportunities than G. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years. Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like United Rentals (+322% five-year return). Find your next big winner with StockStory today for free. Sign in to access your portfolio
Yahoo
28-04-2025
- Business
- Yahoo
Q4 Earnings Roundup: BlackLine (NASDAQ:BL) And The Rest Of The Finance and HR Software Segment
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let's have a look at BlackLine (NASDAQ:BL) and its peers. Organizations are constantly looking to improve organizational efficiencies, whether it is financial planning, tax management or payroll. Finance and HR software benefit from the SaaS-ification of businesses, large and small, who much prefer the flexibility of cloud-based, web-browser delivered software paid for on a subscription basis than the hassle and expense of purchasing and managing on-premise enterprise software. The 14 finance and HR software stocks we track reported a mixed Q4. As a group, revenues beat analysts' consensus estimates by 1.1% while next quarter's revenue guidance was 1.4% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 12.2% since the latest earnings results. Started in 2001 by software engineer Therese Tucker, one of the very few women founders who took their companies public, BlackLine (NASDAQ:BL) provides software for organizations to automate accounting and finance tasks. BlackLine reported revenues of $169.5 million, up 8.8% year on year. This print exceeded analysts' expectations by 0.6%. Despite the top-line beat, it was still a slower quarter for the company with full-year EPS guidance missing analysts' expectations. 'We believe our recent user conference and accelerating innovation are creating momentum for BlackLine,' said Owen Ryan, Co-CEO of BlackLine. The stock is down 26.5% since reporting and currently trades at $46.56. Read our full report on BlackLine here, it's free. Founded by industry veterans Aneel Bushri and Dave Duffield after their former company PeopleSoft was acquired by Oracle in a hostile takeover, Workday (NASDAQ:WDAY) provides cloud-based software for organizations to manage and plan finance and human resources. Workday reported revenues of $2.21 billion, up 15% year on year, outperforming analysts' expectations by 1.3%. The business had a very strong quarter with a solid beat of analysts' EBITDA estimates and an impressive beat of analysts' billings estimates. The market seems unhappy with the results as the stock is down 6.2% since reporting. It currently trades at $239.30. Is now the time to buy Workday? Access our full analysis of the earnings results here, it's free. Originally created to process international tuition payments for universities, Flywire (NASDAQ:FLYW) is a cross border payments processor and software platform focusing on complex, high-value transactions like education, healthcare and B2B payments. Flywire reported revenues of $117.6 million, up 22.4% year on year, falling short of analysts' expectations by 4.9%. It was a softer quarter as it posted revenue guidance for the next quarter, slightly missing analysts' expectations. Flywire delivered the fastest revenue growth but had the weakest performance against analyst estimates in the group. As expected, the stock is down 51% since the results and currently trades at $8.64. Read our full analysis of Flywire's results here. Founded in 1990 in Cincinnati, Ohio, Paycor (NASDAQ: PYCR) provides software for small businesses to manage their payroll and HR needs in one place. Paycor reported revenues of $180.4 million, up 13.1% year on year. This number beat analysts' expectations by 1.9%. However, it was a slower quarter as it logged a significant miss of analysts' EBITDA estimates. The stock is up 1.6% since reporting and currently trades at $22.49. Read our full, actionable report on Paycor here, it's free. Created from the merger of two small workforce management companies in 2007, Asure (NASDAQ:ASUR) provides cloud based payroll and HR software for small and medium-sized businesses (SMBs). Asure reported revenues of $30.79 million, up 17.2% year on year. This print met analysts' expectations. Aside from that, it was a slower quarter as it produced EBITDA guidance for next quarter missing analysts' expectations. The stock is down 3.8% since reporting and currently trades at $9.32. Read our full, actionable report on Asure here, it's free. Thanks to the Fed's rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn't send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump's November win lit a fire under major indices and sent them to all-time highs. However, there's still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Sign in to access your portfolio
