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As of 8:10 PM 07/10/14 All times are local (Market data is delayed by at least 15 minutes).

j2 global inc (JCOM) Key Developments

j2 Global, Inc. Announces Executive Changes, Effective August 8, 2014

j2 Global, Inc. announced that j2 Global's current President and former CFO, R. Scott Turicchi, will assume the role of Chief Financial Officer effective with Kathleen Griggs' departure from her position as Chief Financial Officer and Treasurer of j2 Global on August 8, 2014, for personal reasons.

j2 Global Mulls Acquisitions

j2 Global, Inc. (NasdaqGS:JCOM) is seeking acquisition opportunities. j2 Global announced an offering, subject to market and other conditions, of $300 million of its convertible senior notes due 2029. j2 Global intends to use the net proceeds from the offering for general corporate purposes, which may include acquisitions or payment of the offer price in respect of any notes tendered in connection with a subsidiary's offer to purchase its outstanding notes.

j2 Global, Inc. Announces Second Quarter of 2014 Cash Dividend, Payable on June 3, 2014; Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Reaffirms Earnings Guidance for the Fiscal Year 2014

The Board of Directors of j2 Global, Inc. approved a second quarter cash dividend of $0.27 per common share, a 12.5% increase versus the dividend paid in the second quarter of 2013. The dividend will be paid on June 3, 2014 to all shareholders of record as of the close of business on May 19, 2014. The company announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues of $134,124,000 against $113,617,000 a year ago. Income from operations was $41,585,000 against $32,987,000 a year ago. Income before income taxes was $36,956,000 against $28,271,000 a year ago. Net income attributable to its common stockholders was $28,765,000 or $0.60 diluted per share against $22,922,000 or $0.49 diluted per share a year ago. Net cash provided by operating activities was $37,294,000 against $40,048,000 a year ago. Purchases of property and equipment were $2,936,000 against $1,933,000 a year ago. Purchases of intangible assets were $915,000 against $333,000 a year ago. Non-GAAP revenues were $134,665,000 against $113,573,000 a year ago. EBITDA was $57,320,000 against $48,223,000 a year ago. Free cash flow was $38.4 million compared to $38.4 million a year ago. Adjusted net income attributable to its common stockholders was $36,412,000 or $0.76 diluted per share against $31,238,000 or $0.67 diluted per share a year ago. Adjusted net income attributable to its common stockholders per share increased 13% compared to first quarter of 2013, driven primarily by strong performance in both of its segments. The company is reaffirming its guidance for the fiscal year 2014. For the year, the company expects revenues of between $580 and $600 million and adjusted Non-GAAP earnings per diluted share of between $3.23 and $3.47. Adjusted Non-GAAP earnings per diluted share for 2014 excludes share-based compensation of between $10 and $12 million, amortization of acquired intangibles and the impact of any currently unanticipated items, and adds back $1.5 million to reflect the impact of the fair value adjustment to deferred revenues purchased in the Livedrive acquisition, in each case net of tax. It is anticipated that the adjusted effective tax for 2014 (exclusive of the release of reserves for uncertain tax positions) will be between 27% and 29%.

j2 Global, Inc. Presents at Barclays High Yield Bond & Syndicated Loan Conference, May-14-2014 08:50 AM

j2 Global, Inc. Presents at Barclays High Yield Bond & Syndicated Loan Conference, May-14-2014 08:50 AM. Venue: Arizona Biltmore, Phoenix, Arizona, United States. Speakers: Robert Scott Turicchi, President.

j2 Global, Inc., Q1 2014 Earnings Call, May 08, 2014

j2 Global, Inc., Q1 2014 Earnings Call, May 08, 2014

 

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