meredith corp (MDP) Snapshot

Meredith Corporation's Board of Directors declared a regular quarterly dividend of $0.4075 per share, or $1.63 on an annual basis. The new dividend will be payable on June 14, 2013, to shareholders of record on May 31, 2013.

Meredith Corporation Presents at Benchmark Company, LLC One-on-One Investor Conference, May-30-2013 . Venue: The Pfister Hotel, 424 E. Wisconsin Avenue, Milwaukee, Wisconsin, United States. Speakers: Joseph H. Ceryanec, Chief Financial Officer, Principal Accounting Officer and Vice President.

Meredith Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, total revenues were $369,615,000 against $345,513,000 a year ago. Income from operations was $50,046,000 against $38,300,000 a year ago. Earnings before income taxes was $46,818,000 against $35,017,000 a year ago. Net earnings was $29,421,000 or $0.65 per diluted share against $21,169,000 or $0.47 per diluted share a year ago. EBITDA was $61,137,000 against $49,707,000 a year ago. Excluding special items in both periods, fiscal 2013 third quarter earnings per share grew 9% to $0.72, compared to $0.66 in the prior-year period. Fiscal 2013 third quarter results included a special item of $5 million ($3 million after tax, or $0.07 per share) for professional fees and expenses related to a previously disclosed transaction that did not materialize. Total debt was $355 million at March 31, 2013. For the nine months, total revenues were $1,084,367,000 against $1,002,139,000 a year ago. Income from operations was $152,804,000 against $131,381,000 a year ago. Earnings before income taxes was $142,574,000 against $122,482,000 a year ago. Net earnings was $89,847,000 or $2.00 per diluted share against $74,390,000 or $1.65 per diluted share a year ago. EBITDA was $186,789,000 against $163,125,000 a year ago. Net cash provided by operating activities was $113,302,000 against $105,638,000 a year ago. Additions to property, plant, and equipment was $18,854,000 against $30,739,000 a year ago. Excluding special items in both periods, earnings per share rose 18% to $2.17, compared to $1.84 in the prior-year period. The company also provided earnings guidance for the fourth quarter and full year of 2013. For the quarter, the company expects earnings per share to range from $0.68 to $0.73. For the year, the company expects earnings per share to be toward the upper end of the original $2.60 to $2.95 range established at the beginning of fiscal 2013.