Last $18.98 USD
Change Today +0.04 / 0.21%
Volume 649.6K
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As of 8:04 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

convergys corp (CVG) Key Developments

Convergys Corporation Announces Dividend, Payable on October 3, 2014

Convergys Corporation announced that a dividend payment of $0.07 per share is scheduled to be made on October 3, 2014, to shareholders of record at the close of business on September 19, 2014.

Convergys Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earnings Guidance for the Year 2014

Convergys Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $736.4 million against $504.3 million a year ago. Operating income was $36.9 million against $30.1 million a year ago. Income from continuing operations, net of tax was $24.9 million or $0.25 per diluted share against $22.0 million or $0.20 per diluted share a year ago. Net income was $24.7 million or $0.23 per diluted share against $23.4 million or $0.22 per diluted share a year ago. Income before income taxes and discontinued operations was $31.3 million against $27.2 million a year ago. Adjusted operating income was $53.1 million against $40.1 million a year ago. Adjusted income from continuing operations, net of tax was $36.4 million or $0.23 per diluted share against $28.3 million or $0.20 per diluted share a year ago. Adjusted income before income taxes and discontinued operations was $47.5 million against $37.2 a year ago. Adjusted EBITDA was $86.8 million against $61.3 million a year ago. EBITDA was $83.4 million against $52.7 million a year ago. Net cash provided by operating activities was $91.7 million against $72.2 million a year ago. Capital expenditures were $56.3 million against $26.3 million a year ago. Adjusted EPS was $0.34, up from $0.26 last year. For the six months, the company reported total revenues of $1,342.1 million against $997.8 million a year ago. Operating income was $58.9 million against $66.6 million a year ago. Income from continuing operations, net of tax was $38.6 million or $0.36 per diluted share against $52.2 million or $0.48 per diluted share a year ago. Net income was $38.9 million or $0.36 per diluted share against $48.5 million or $0.44 per diluted share a year ago. Income before income taxes and discontinued operations was $47.4 million against $63.1 million a year ago. Adjusted operating income was $105.4 million against $77.8 million a year ago. Adjusted income from continuing operations, net of tax was $70.4 million or $0.36 per diluted share against $59.2 million or $0.48 per diluted share a year ago. Adjusted income before income taxes and discontinued operations was $93.9 million against $74.3 a year ago. EBITDA was $133.4 million against $113.6 million a year ago. Adjusted EBITDA was $161.9 million against $122.2 million a year ago. Net cash provided by operating activities was $75.9 million against $49.5 million a year ago. Capital expenditures were $38.0 million against $14.2 million a year ago. Net debt was $229 million at June 30, 2014. The company revised earnings guidance for the year 2014. Revenue to exceed $2.85 billion, revised from prior guidance to exceed $2.9 billion; Adjusted EBITDA of $350 million to $360 million, unchanged from prior guidance; Adjusted effective tax rate to approximate 23%, unchanged from prior guidance; Diluted shares outstanding to approximate 107 million, reduced from prior guidance of 108 million shares; Adjusted EPS of $1.45 to $1.50, unchanged from prior guidance.

Convergys Corporation to Report Q2, 2014 Results on Aug 12, 2014

Convergys Corporation announced that they will report Q2, 2014 results at 9:00 AM, US Eastern Standard Time on Aug 12, 2014

Convergys Corporation, Q2 2014 Earnings Call, Aug 12, 2014

Convergys Corporation, Q2 2014 Earnings Call, Aug 12, 2014

Convergys Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Approves Quarterly Dividend, Payable on July 3, 2014; Provides Earnings Guidance for the Second Quarter, Second Half and Full Year of 2014

Convergys Corporation announced that the Board of Directors of the company approved a 17% increase in the quarterly dividend to $0.07 per share. The first dividend payment of $0.07 per share is scheduled to be made on July 3, 2014, to shareholders of record at the close of business on June 19, 2014. The company announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues of $605.7 million against $493.5 million a year ago. The strong growth in revenue was driven by higher-than-expected volumes early in the quarter with clients in the communications, health care and retail verticals. Operating income was $22.0 million against $36.5 million a year ago. Income from continuing operations, net of tax was $13.7 million or $0.13 per diluted share against $30.2 million or $0.27 per diluted share a year ago. Net income was $14.2 million or $0.13 per diluted share against $25.1 million or $0.23 per diluted share a year ago. The profit improvement was driven primarily by the impact of higher client volumes early in the quarter. Income before income taxes and discontinued operations was $16.1 million against $35.9 million a year ago. Adjusted operating income was $52.3 million against $37.7 million a year ago. Adjusted income from continuing operations, net of tax was $34.0 million or $0.32 per diluted share against $30.9 million or $0.28 per diluted share a year ago. Adjusted EBITDA was $75.1 million against $60.93 million a year ago. Net cash provided by operating activities was $15.7 million against $22.7 million a year ago. Capital expenditures were $18.3 million against $12.1 million a year ago. The company expects consolidated revenue growth and adjusted profit improvement for the full year 2014 compared with 2013, including: Revenue to exceed $2.9 billion, increasing over 40% from prior year $2.0 billion; Adjusted EBITDA of $350 million to $360 million, improving from prior year $251 million; Adjusted effective tax rate to approximate 23%; Adjusted EPS of $1.45 to $1.50, improving over 30% from prior year $1.10. The company expects normal seasonal impacts in the second quarter of 2014 with sequential increase in second-half 2014 results compared with first-half 2014 results. For the second quarter, The company expects adjusted EPS to be similar to its first quarter result.

 

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