moneygram international inc (MGI) Key Developments
Moneygram International Inc.(NasdaqGS:MGI) added to NASDAQ Composite Index
May 14 13
Moneygram International Inc. will be added to NASDAQ Composite Index.
Moneygram International Inc. Signs Agreement with Intesa San Paolo Bank to Offer International Money Transfer Services
May 13 13
Moneygram International Inc. announced it has signed an agreement with Intesa San Paolo Bank to offer international money transfer services at more than 50 of the bank's branch locations throughout the country. The companies expect the branches to be fully operational in September. With the addition of Intesa San Paolo Bank, MoneyGram's money transfer network increases to more than 100 locations throughout the territory in less than a year after entering the Bosnian market.
Moneygram International Inc. Presents at Extreme Services Conference 2013, May-15-2013
May 12 13
Moneygram International Inc. Presents at Extreme Services Conference 2013, May-15-2013 . Venue: The Waldorf-Astoria Hotel, New York, New York, United States. Speakers: Alex Holmes, Eric Dutcher.
Moneygram International Inc. Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2013; Provides Earnings Guidance for the Year 2013
May 2 13
Moneygram International Inc. reported consolidated unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of USD 340.5 million compared to USD 318.1 million a year ago. Operating income was USD 44.3 million compared to USD 35.9 million a year ago. Loss before income taxes was USD 18.4 million compared to income before income taxes of USD 18.0 million a year ago. Net loss was USD 12.6 million compared to net income of USD 10.3 million a year ago. Basic and diluted loss per share was USD 0.18 compared to basic and diluted earnings per share of USD 0.14 a year ago. EBITDA was USD 19.6 million compared to USD 55.0 million a year ago. Adjusted EBITDA was USD 72.3 million compared to USD 68.4 million a year ago. Free cash flow was USD 32.8 million compared to USD 28.3 million a year ago, 16% up due to revenue growth, lower interest payments and lower capital expenditures partially offset by higher agent signing bonuses.
For fiscal year 2013, management continues to estimate constant currency revenue growth of 6% to 9% and constant currency adjusted EBITDA growth of 3% to 6%.
Ukash and MoneyGram Sign Agreement to Create More Payment Options for Global Money Transfer Customers
Apr 30 13
MoneyGram have signed a global agreement that will give Ukash customers the ability to send domestic and international money transfers from the Ukash website and receive it at any of MoneyGram's more than 310,000 locations worldwide or through MoneyGram's account deposit channels. The initial service will launch in the U.K. later this year with plans to expand into other markets expected shortly thereafter.