The Western Union Company reported consolidated unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of $1,325.4 million compared with $1,393.4 million for the same period last year. Operating income as $296.9 million compared with $332.5 million for the same period last year. Income before income taxes was $250.2 million compared with $290.1 million for the same period last year. Net income was $212.0 million or $0.37 diluted per share compared with $247.3 million or $0.40 diluted per share for the same period last year. Net cash provided by operating activities was $237.3 million compared with $215.0 million for the same period last year. Purchases of property and equipment were $17.3 million compared with $14.2 million for the same period last year. EBITDA was $359.8 million compared with $396.4 million for the same period last year. Capital expenditures were $38 million. The company expects 2013 to be a transitional year as it implement key strategic actions, but it remain confident these actions will drive revenue and profit growth in 2014 and beyond. The company expects 2013 full year operating margins of approximately 20%, but the first quarter margin benefited from the timing of certain expenses. Earnings per share of $0.37 compares to $0.40 in the prior year period. The company expects to generate cash flow from operating activities of approximately $900 million in 2013, or approximately $1 billion excluding final tax payments. EBITDA margin of approximately 24.5%, Effective tax rate of approximately 15%, GAAP EPS in a range of $1.33 to $1.43 and Cash flow from operating activities of approximately $900 million or approximately $1 billion excluding anticipated final tax payments of approximately $100 million relating to the IRS Agreement. Revenue growth and the margin of the profitability profile of this business unit to improve. And long term, The company expects this business to grow revenue in the low double digits.

The Western Union Company announced that they will report Q1, 2013 results at 4:00 PM, US Eastern Standard Time on Apr 30, 2013

The Western Union Company Presents at Jefferies 2013 Global Technology, Media and Telecom Conference, May-08-2013 01:30 PM. Venue: The Westin New York, Times Square Hotel, New York, New York, United States. Speakers: Hikmet Ersek, Chief Executive Officer, President and Director.