Dice Holdings, Inc. Presents at Stifel Internet, Media & Communications Conference, May-21-2013 08:35 AM. Venue: The Pierre Hotel, New York, New York, United States. Speakers: Scot W. Melland, Chairman, Chief Executive Officer and President.

Dice Holdings, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company reported revenues totaled $50.4 million, an increase of 9% from $46.1 million in the comparable quarter of 2012. Net income totaled $7.1 million or $0.12 diluted per share compared with net income totaled $8.6 million or $0.13 diluted per share for the same period last year. Net cash provided by operating activities totaled $21.9 million compared with $23.367 million for the same period last year. Adjusted EBITDA totaled $16.9 million compared with $18.510 million for the same period last year. Revenues totaled $50.4 million, up 9% year-over-year, primarily from the inclusion of Slashdot Media acquisition. And excluding that impact, revenues were $46.4 million. The low EBITDA, D&A expense was higher due to the investment on new CRM and back office systems and the impact of the acquisitions in 2012. Net cash from operations decreased primarily due to lower net income and the timing of cash tax payments. The company provides earnings guidance for the quarter ending June 30, 2013 and year ending December 31, 2013. For the quarter, the company expected revenues of $52 million, Adjusted EBITDA of $17 million, net income of $7.1 million, and fully diluted share count of $61 million For the year ending December 31, 2013, the company expected revenues of $215 million, adjusted EBITDA of $79 million, net income of $35.5 million, and fully diluted share count of $61 million.

Dice Holdings, Inc. intends to pursue acquisitions. Michael Durney, Executive Vice President, Industry Brands Group and Chief Financial Officer, said, "We continue to make progress, delivering another sound quarter of Deferred revenue growth, with each of our key recruiting brands contributing to the sequential change. We expect our markets will continue to present challenges in what we expect will be a slow-growth environment. Our financial flexibility and balanced approach to cash deployment enables us to invest in our transformation, consider acquisitions, pay down debt and return cash to shareholders."