H&R Block, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended April 30, 2014
Jun 11 14
H&R Block, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended April 30, 2014. For the quarter, the company reported revenues of $2,562,990,000 compared to $2,200,212,000 a year ago. Operating income was $1,461,597,000 compared to $1,126,810,000 a year ago. Income from continuing operations before taxes was $1,478,797,000 compared to $1,129,836,000 a year ago. Net income was $909,998,000 or $3.29 diluted per share compared to $664,340,000 or $2.42 diluted per share a year ago. Net income from continuing operations was $929,133,000 or $3.36 diluted per share against $688,922,000 or $2.51 diluted per share a year ago.
For the year, the company reported revenues of $3,024,295,000 compared to $2,905,943,000 a year ago. Operating income was $763,211,000 compared to $696,686,000 a year ago. Income from continuing operations before taxes was $767,116,000 compared to $702,011,000 a year ago. Net income was $475,157,000 or $1.72 diluted per share compared to $433,948,000 or $1.58 diluted per share a year ago. Net cash provided by operating activities was $809,581,000 compared to $497,108,000 a year ago. Capital expenditures were $147,011,000 compared to $113,239,000 a year ago. EBITDA from continuing operations was $940,108,000 compared to $874,375,000 a year ago. Adjusted EBITDA from continuing operations was $932,606,000 compared to $884,245,000 a year ago. Net income from continuing operations - as adjusted was $462,185,000 or $1.67 per share compared to $437,929,000 or $1.59 per share a year ago. Pretax income - as adjusted was $759,614,000 compared to $711,881,000 a year ago. The company's increase in revenues in fiscal 2014 was consistent with its recently outlined strategy to grow revenues through a balance of improved return mix and increased product attachments. Adjusted non-GAAP pretax income improved 6.3% to $874 million. Net income from continuing operations was $500,097,000 or $1.81 diluted per share against $465,158,000 or $1.69 diluted per share a year ago.
H&R Block, Inc. Declares Quarterly Cash Dividend Payable on July 1, 2014
May 8 14
H&R Block, Inc. announced that its Board of Directors declared a quarterly cash dividend of 20 cents per share, payable on July 1, 2014, to shareholders of record as of June 16, 2014.
Xero, H&R Block Form Strategic Alliance to Bring Next-Generation, Online Financial Accounting Platform to Small Businesses Across the U.S
Apr 29 14
Xero and H&R Block, Inc. formed a strategic alliance to offer Xero as the core small business online accounting platform in H&R Block's Small Business Program suite of services. This partnership is part of H&R Block's services to small businesses to give them a technological edge with the most modern, cloud-based financial management tools. For Xero, partnering with the well-known tax company gives it the opportunity to increase its brand awareness in the U.S. and expand its marketing and sales channel to more small businesses throughout the country.