Last $13.65 USD
Change Today +0.09 / 0.66%
Volume 213.0K
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As of 4:15 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

premiere global services inc (PGI) Key Developments

Premiere Global Services, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reiterates Earnings Guidance for the Fiscal 2014

Premiere Global Services, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenues were $144.29 million against $132.18 million a year ago. Operating income was $10.85 million against $11.51 million a year ago. Income from continuing operations before income taxes was $8.44 million against $10.22 million a year ago. Net income from continuing operations was $6.13 million or $0.13 diluted per share against $8.11 million or $0.13 diluted per share a year ago. Net income was $6.02 million or $0.17 diluted per share against $7.98 million or $0.17 diluted per share a year ago. Non-GAAP operating income was $17.78 million against $14.55 million a year ago. Non-GAAP net income from continuing operations was $10.74 million or $0.23 diluted per share against $9.35 million or $0.20 diluted per share a year ago. For the six months, the company reported net revenues were $287.53 million against $261.67 million a year ago. Operating income was $21.22 million against $23.08 million a year ago. Income from continuing operations before income taxes was $17 million against $20.04 million a year ago. Net income from continuing operations was $11.4 million or $0.24 diluted per share against $15.29 million or $0.33 diluted per share a year ago. Net income was $11.22 million or $0.24 diluted per share against $15.05 million or $0.32 diluted per share a year ago. Net cash provided by operating activities was $38.9 million against $29.64 million a year ago. Capital expenditures were $15.52 million against $17.31 million a year ago. Non-GAAP operating income was $34.76 million against $28.59 million a year ago. Non-GAAP net income from continuing operations was $21.22 million or $0.45 diluted per share against $18.02 million or $0.39 diluted per share a year ago. Based on current business trends and current foreign currency exchange rates, and assuming no additional acquisitions, PGi continues to anticipate that results for 2014 will be within the financial outlook ranges it provided on April 24, 2014--net revenues from continuing operations are projected to be in the range of $565-$575 million and non-GAAP diluted EPS from continuing operations is projected to be in the range of $0.85-$0.88--and free cash flow is projected to exceed $1.00 per share.

Premiere Global Services, Inc. to Report Q2, 2014 Results on Jul 17, 2014

Premiere Global Services, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 17, 2014

Premiere Global Services, Inc., Q2 2014 Earnings Call, Jul 17, 2014

Premiere Global Services, Inc., Q2 2014 Earnings Call, Jul 17, 2014

Premiere Global Services, Inc. Presents at Stephens 2014 Spring Investment Conference, Jun-03-2014 01:00 PM

Premiere Global Services, Inc. Presents at Stephens 2014 Spring Investment Conference, Jun-03-2014 01:00 PM. Venue: The New York Palace Hotel, New York, New York, United States.

Premiere Global Services, Inc., Annual General Meeting, Jun 18, 2014

Premiere Global Services, Inc., Annual General Meeting, Jun 18, 2014., at 08:30 Mountain Daylight. Location: The Antlers Hilton Hotel. Agenda: To elect all seven members of its board of directors each for a one-year term; to hold an advisory vote to approve the compensation of the company named executive officers; to ratify the appointment of KPMG LLP as independent registered public accounting firm for the year ending December 31, 2014; to approve 2014 incentive plan; and to transact such other business as may properly come before the annual meeting or any adjournments.

 

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TEV/Sales 0.6x
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