Last $32.68 USD
Change Today +0.37 / 1.15%
Volume 302.2K
As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

financial engines inc (FNGN) Key Developments

Financial Engines Announces Management Changes

Financial Engines named Lawrence M. Raffone as chief executive officer, effective January 1. Raffone, who currently serves as president, will succeed Jeffrey N. Maggioncalda, who will also step down from the Board of Directors on December 31, but will continue to serve as an advisor to the company under Raffone's direction during 2015. Raffone will join the Board of Directors on January 1.

Financial Engines, Inc. Declares Regular Quarterly Cash Dividend, Payable on January 7, 2015

On October 30, 2014, Financial Engines' Board of Directors declared a regular quarterly cash dividend of $0.06 per share of the Company's common stock. The cash dividend will be paid on January 7, 2015 to stockholders of record as of the close of business on December 15, 2014.

Financial Engines Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Years 2014 and 2015

Financial Engines reported unaudited consolidated financial results for its third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue of $72.75 million against $62.09 million a year ago. Income from operations was $14.98 million against $12.72 million a year ago. Income before income taxes was $15.02 million against $12.73 million a year ago. Net and comprehensive income was $9.01 million against $8.15 million a year ago. Non-GAAP adjusted EBITDA was $24.52 million against $21.43 million a year ago. Non-GAAP adjusted net income was $12.03 million or $0.23 per diluted share against $10.761 million or $0.20 per diluted share a year ago. Net income per diluted share attributable to holders of common stock was $0.17 against $0.15 a year ago. The increase in revenue was driven primarily by the growth in professional management revenue, which increased 20% to $63.2 million for the third quarter of 2014 from $52.5 million for the third quarter of 2013. For the nine months, the company reported total revenue of $208.42 million against $173.73 million a year ago. Income from operations was $44.28 million against $32.03 million a year ago. Income before income taxes was $44.40 million against $32.053 million a year ago. Net and comprehensive income was $26.88 million against $20.68 million a year ago. Net cash provided by operating activities was $47.30 million against $39.00 million a year ago. Purchase of property and equipment was $6.14 million against $3.07 million a year ago. Capitalization of internal use software was $2.74 million against $3.35 million a year ago. Non-GAAP adjusted EBITDA was $72.75 million against $55.96 million a year ago. Non-GAAP adjusted net income was $35.99 million or $0.68 per diluted share against $27.13 million or $0.52 per diluted share a year ago. Net income per diluted share attributable to holders of common stock was $0.50 against $0.40 a year ago. Based on financial markets remaining at November 3, 2014 levels, the company estimates that its 2014 revenue will be in the range of $279 million to $281 million, and its 2014 non-GAAP Adjusted EBITDA will be $100 million plus or minus $1 million. Based on financial markets remaining at November 3, 2014 levels, the Company estimates that its 2015 revenue will be in the range of $309 million and $315 million and 2015 non-GAAP adjusted EBITDA will be in the range of $94 million to $98 million. Under typical market conditions, the company estimates that 2015 revenue will be in the range of $321 million to $327 million and non-GAAP adjusted EBITDA will be in the range of $101 million to $105 million. The company expects Adjusted EBITDA to increase in 2015, and it anticipates it will grow at a slower rate than revenue.

Financial Engines, Inc. to Report Q3, 2014 Results on Nov 06, 2014

Financial Engines, Inc. announced that they will report Q3, 2014 results at 5:00 PM, US Eastern Standard Time on Nov 06, 2014

Financial Engines, Inc., Q3 2014 Earnings Call, Nov 06, 2014

Financial Engines, Inc., Q3 2014 Earnings Call, Nov 06, 2014

 

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