December 20, 2014 9:11 PM ET

Diversified Consumer Services

Company Overview of Liberty Tax, Inc.

Company Overview

Liberty Tax, Inc., together with its subsidiaries, provides tax preparation services and products. It operates through U.S. Operations and Canadian Operations segments. The company also facilitates refund-based tax settlement financial products, such as instant cash advances, refund transfer products, and personal income tax refund discounting, as well as offers online tax preparation services. Its customers include taxpayers, who for reasons of complexity, convenience, or the need for prompt tax refunds, seek the assistance of assisted tax preparation services. Liberty Tax, Inc. offers its products and services through a network of company-owned offices and franchised locations under the Li...

1716 Corporate Landing Parkway

Virginia Beach, VA 23454

United States

Founded in 1996

645 Employees

Phone:

757-493-8855

Key Executives for Liberty Tax, Inc.

Founder
Age: 65
Total Annual Compensation: $469.6K
Chief Financial Officer and Vice President
Age: 53
Total Annual Compensation: $114.4K
Vice President of Legal & Governmental Affairs and General Counsel
Age: 54
Total Annual Compensation: $342.7K
Compensation as of Fiscal Year 2014.

Liberty Tax, Inc. Key Developments

Liberty Tax, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014; Provides Earnings Guidance for the Year 2014

Liberty Tax, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company’s total revenue was $7,734,000 compared to $7,317,000 a year ago. Loss from operations was $18,216,000 compared to $13,580,000 in the same period last year. Loss before income taxes was $18,791,000 compared to $13,754,000 in the same period last year. Net loss was $11,328,000 or $0.89 per basic and diluted class A and class B basic and diluted compared to $8,478,000 or $0.66 per basic and diluted class A and class B common stock a year ago. On adjusted basis, revenues were $7,697,000, loss from operations was $14,989,000, LBITDA was $12,969,000, pretax loss was $15,564,000, net loss was $9,382,000 or $0.74 per share against revenues were $7,273,000, loss from operations was $12,257,000, LBITDA was $10,517,000, pretax loss was $12,619,000, net loss was $7,779,000 or $0.60 per share a year ago. Due to the seasonality of its business, the company typically reported a loss in the second quarter. The increase in revenue was primarily due to increases in franchise fees and transfer fees which were driven by the company's ability to sell during the entire quarter, without the interruption of the sales blackout period which affected the prior year period. For the six months, the company’s total revenue was $15,573,000 compared to $15,382,000 a year ago. Loss from operations was $32,239,000 compared to $22,960,000 in the same period last year. Loss before income taxes was $33,116,000 compared to $23,386,000 in the same period last year. Net loss was $19,972,000 or $1.56 per basic and diluted class A and class B basic and diluted compared to $14,405,000 or $1.12 per basic and diluted class A and class B common stock a year ago. On adjusted basis, revenues were $15,532,000, loss from operations was $28,533,000, LBITDA was $24,215,000, pretax loss was $29,410,000, net loss was $17,737,000 or $1.39 per share against revenues were $15,336,000, loss from operations was $22,412,000, LBITDA was $19,101,000, pretax loss was $23,026,000, net loss was $14,183,000 or $1.10 per share a year ago. Net cash used in operating activities was $40,430,000 compared to $27,881,000 in the same period last year. Purchase of property and equipment was $7,129,000 compared to $5,463,000 in the same period last year.

Liberty Tax, Inc. to Report Q2, 2015 Results on Dec 08, 2014

Liberty Tax, Inc. announced that they will report Q2, 2015 results Pre-Market on Dec 08, 2014

Liberty Tax, Inc., Q2 2015 Earnings Call, Dec 08, 2014

Liberty Tax, Inc., Q2 2015 Earnings Call, Dec 08, 2014

Similar Private Companies By Industry

Company Name Region
Bowie Enterprises United States
Taking Life By Storm, Inc United States
C & S Heating, Air & Electrical, Inc. United States
JJJ Sales and Service United States
BRI, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Buyback
June 18, 2014
--
Merger/Acquisition
March 25, 2014
--
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Liberty Tax, Inc., please visit www.libertytax.com. 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.