Businessweek

Regis Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported total revenues of $504,937,000 compared with $535,901,000 for the same period a year ago. Operating income was $3,308,000 compared with $22,950,000 for the same period a year ago. Loss before income taxes and equity in loss of affiliated companies was $3,110,000 compared with income before income taxes and equity in income of affiliated companies of $16,281,000 for the same period a year ago. Income from continuing operations was $896,000 or $0.02 per diluted share compared with loss from continuing operations of $3,878,000 or $0.07 per diluted share for the same period a year ago. Net income was $2,361,000 or $0.04 per diluted share compared with net loss of $1,369,000 or $0.02 per diluted share for the same period a year ago. Non-GAAP operating income was $4,913,000 compared with $29,657,000 for the same period a year ago. Non-GAAP net income was $680,000 compared with $17,944,000 for the same period a year ago. Adjusted EBITDA was $26,839,000 compared with $52,131,000 for the same period a year ago. Excluding discrete items, third quarter diluted net earnings per share as adjusted were $0.01, compared to $0.29 in the same period last year. Diluted net earnings per share, as adjusted for the quarter, were negatively impacted by approximately $0.05 per share, attributed to 2 fewer sales days in the third quarter of 2013 when compared to last year, which are not reflected on same-store sales trends. For the nine months, the company reported total revenues of $1,516,462,000 compared with $1,593,385,000 for the same period a year ago. Operating income was $21,304,000 compared with $43,890,000 for the same period a year ago. Income before income taxes and equity in income affiliated companies of $36,621,000 compared with $26,627,000 for the same period a year ago. Income from continuing operations was $19,424,000 or $0.34 per diluted share compared with $13,645,000 or $0.24 per diluted share for the same period a year ago. Net income was $28,519,000 or $0.50 per diluted share compared with net loss of $50,459,000 or $0.88 per diluted share for the same period a year ago. Net cash provided by operating activities was $81,740,000 compared with $103,044,000 for the same period a year ago. Capital expenditures was $72,554,000 compared with $65,619,000 for the same period a year ago. Non-GAAP operating income was $22,446,000 compared with $70,208,000 for the same period a year ago. Non-GAAP net income was $6,712,000 compared with $47,181,000 for the same period a year ago. Adjusted EBITDA was $88,343,000 compared with $139,759,000 for the same period a year ago.

Regis Corporation announced that Eric A. Bakken, who previously held the titles of Executive Vice President, General Counsel and Business Development and Interim Corporate Chief Operating Officer of Regis Corporation, was appointed as Executive Vice President, Chief Administrative Officer and General Counsel of the company. In this role, he will lead the company’s franchising, mergers and acquisitions, internal audit, legal, real estate/design/construction and travel functions.

Regis Corp. announced that its board of directors has declared a regular quarterly dividend of 6 cents per share. The dividend is payable May 21, 2013, to shareholders of record as of May 7, 2013.

Regis Corp., Q3 2013 Earnings Call, May 07, 2013

Regis Corp. announced that they will report Q3, 2013 results at 9:00 AM, Eastern Standard Time on May 07, 2013