Last $7.90 USD
Change Today +0.08 / 1.02%
Volume 90.3K
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

innerworkings inc (INWK) Key Developments

InnerWorkings Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year 2014

InnerWorkings Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, revenue was $251,651,521 compared to $232,629,788 a year ago. Income from operations was $8,093,903 compared to loss from operations of $8,027,062 a year ago. Income before income taxes was $6,913,090 compared to loss before income taxes of $8,755,109 a year ago. Net income was $5,113,671 compared to net loss of $9,066,070 a year ago. Diluted earnings per share was $0.10 compared to loss per share of $0.18 a year ago. Non-GAAP Adjusted EBITDA was $12,285,708 compared to $8,736,572 a year ago. Non-GAAP Adjusted operating cash outflow was $11,328,337 compared to non-GAAP adjusted operating cash flow of $1,552,548 a year ago. Adjusted net income was $3,608,686 or $0.07 per diluted share compared to $2,472,206 or $0.05 per diluted share a year ago. For the nine months, revenue was $753,490,776 compared to $648,082,830 a year ago. Income from operations was $13,028,170 compared to loss from operations of $6,032,965 a year ago. Income before income taxes was $9,673,517 compared to loss before income taxes of $8,173,708 a year ago. Net income was $7,008,450 compared to net loss of $8,191,823 a year ago. Diluted earnings per share was $0.13 compared to loss per share of $0.16 a year ago. Net cash used in operating activities was $16,037,736 compared to net cash provided by operating activities of $9,463,850 a year ago. Non-GAAP Adjusted EBITDA was $30,332,816 compared to $21,397,526 a year ago. Non-GAAP Adjusted operating cash outflow was $13,320,514 compared to non-GAAP adjusted operating cash flow of $6,428,909 a year ago. Adjusted net income was $6,826,212 or $0.13 per diluted share compared to $5,700,783 or $0.11 per diluted share a year ago. The company updated and narrowed its 2014 revenue guidance to $1 billion to $1.01 billion, which reflects 12% to 13% growth over 2013. 2014 Non-GAAP diluted earnings per share guidance was also updated to $0.20 to $0.23, compared to $0.09 in 2013. The company is expecting adjusted EBITDA for the full year to grow over 50% and EBITDA margin is expected to increase by 100 basis points or more over 2013.

FedEx Office Teams Up with InnerWorkings, Inc. to Expand Print Offerings for Customers

FedEx Office announced a collaboration with InnerWorkings, Inc. to expand the range of professional print products available for commercial enterprise customers, and small businesses and consumers through FedEx Office retail locations. By combining the extensive scope and expertise of the FedEx Office printing & logistics capabilities with InnerWorkings' streamlined production platform, customers have even more access to a full spectrum of high-quality digital, offset and specialized print materials for their marketing and advertising needs, such as signs and banners, flyers, posters, brochures, displays and branded merchandise.

InnerWorkings Inc. to Report Q3, 2014 Results on Nov 05, 2014

InnerWorkings Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 05, 2014

InnerWorkings Inc., Q3 2014 Earnings Call, Nov 05, 2014

InnerWorkings Inc., Q3 2014 Earnings Call, Nov 05, 2014

InnerWorkings, Inc. Enters into Amendment to its Credit Agreement

On September 25, 2014, InnerWorkings Inc. entered into an amendment to its Credit Agreement, dated as of August 2, 2010, by and among the company, the lenders party thereto and Bank of America, N.A. The Fourth Amendment amends the Credit Agreement to, among other things: increase the revolving commitment amount by $25 million to $175 million; extend the maturity date of the revolving credit facility from August 2, 2015 to September 25, 2019; adjust the applicable rate spreads charged for interest on outstanding loans and letters of credit, from a 115-325 basis point spread to a 125-250 basis point spread for letter of credit fees and loans based on the Eurodollar rate and from a 15-225 basis point spread to a 25-150 basis point spread for loans based on the base rate; remove the provision permitting the company to incur certain securitization transactions; increase to $50 million the maximum amount by which the company may increase the revolving commitment; and amend certain covenants to which the company is subject.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
INWK:US $7.90 USD +0.08

INWK Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Quad/Graphics Inc $23.01 USD +0.02
RR Donnelley & Sons Co $16.97 USD +0.13
View Industry Companies
 

Industry Analysis

INWK

Industry Average

Valuation INWK Industry Range
Price/Earnings -- Not Meaningful
Price/Sales -- Not Meaningful
Price/Book -- Not Meaningful
Price/Cash Flow -- Not Meaningful
TEV/Sales -- Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact INNERWORKINGS INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.