cme group inc (CME) Key Developments
CME Group Inc. Presents at Raymond James & Associates 36th Annual Institutional Investors Conference, Mar-02-2015 02:15 PM
Feb 27 15
CME Group Inc. Presents at Raymond James & Associates 36th Annual Institutional Investors Conference, Mar-02-2015 02:15 PM. Venue: JW Marriott Grande Lakes, 4040 Central Florida Parkway, Orlando, FL 32837, United States. Speakers: John W. Pietrowicz, Chief Financial Officer and Senior Managing Director.
CME Group Inc. Announces New Board Nominees
Feb 11 15
CME Group Inc. announced its slate of board nominees for election at its annual meeting to be held May 20, 2015. CME Group's board recommended that class A and class B shareholders voting together elect Ana Dutra, president and CEO of The Executives' Club of Chicago, to the company's board. William Hobert, managing director of WH Trading LLC, and Jeremy Perlow, an independent trader, also have been nominated to serve as directors, to be elected by class B-1 shareholders. Class B-2 shareholders will elect two directors. Nominees include Patrick Maloney, an independent floor broker, and James Zellinger, senior vice president at Wedbush Securities Inc. Elizabeth Cook, an independent floor broker, and Thomas Esposito, an independent floor trader, have been nominated. One of them will be elected as director by class B-3 shareholders.
CME Group Shutting Down Trading Pits and Job Loss in Chicago and New York
Feb 5 15
CME Group, the parent company of the Chicago Board of Trade and other exchanges, is shutting down most trading in its 21 pits in Chicago and New York. Those sites are where people establish prices by flashing hand signals and shouting at each other on a trading floor. The CME said it will keep trading pits open for Standard & Poor's 500 index futures and options on futures. The CME says about 60 jobs will be lost in New York and Chicago by July 2.
CME Group Inc. Announces Management Changes, Effective as of April 1, 2015
Feb 5 15
On February 4, 2015, the Board of Directors of CME Group Inc. approved the appointment of Jack Tobin to serve as the company's Managing Director and Chief Accounting Officer effective as of April 1, 2015. Mr. Tobin will be replacing Jill A. Harley, who has served in this role on an interim basis since May 20, 2014. Ms. Harley will remain with the company in a different capacity. Mr. Tobin most recently served as its Managing Director, Corporate Finance since 2007.
CME Group Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capital Expenditure and Tax Rate Guidance for the Full Year of Fiscal 2015
Feb 5 15
CME Group Inc. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company announced total revenues of $841.1 million compared to $687.0 million for the same period a year ago. Operating income was $471.5 million compared to $323.2 million for the same period a year ago. Income before income taxes was $473.8 million compared to $307.0 million for the same period a year ago. Net income was $306.5 million compared to $193.1 million for the same period a year ago. Net income attributable to the company was $306.5 million or $0.91 per basic and diluted share compared to $193.1 million or $0.58 per basic and diluted share for the same period a year ago. During the fourth quarter, capital expenditures net of leasehold improvement allowances totaled $42 million. Adjusted net income attributable to CME rose to $318.9 million, or $0.95 per share, from $214.3 million, or $0.64 per share.
For the full year, the company announced total revenues of $3,112.5 million compared to $2,936.3 million for the same period a year ago. Operating income was $1,768.4 million compared to $1,637.0 million for the same period a year ago. Income before income taxes was $1,771.4 million compared to $1,601.0 million for the same period a year ago. Net income was $1,126.9 million compared to $978.1 million for the same period a year ago. Net income attributable to the company was $1,127.1 million or $3.35 per diluted share compared to $976.8 million or $2.92 per diluted share for the same period a year ago. Adjusted net income attributable to the company was $318.9 million or $0.95 per basic and diluted share. During the full year, capital expenditures net of leasehold improvement allowances totaled $138 million.
The company provided capital expenditure and tax rate guidance for the full year of fiscal 2015. For the year, the company expects tax rate to be 37%, assuming no change in known income tax laws or any corporate tax changes at the federal level. The company expects capital expenditures to be approximately $150 million in 2015, in line with where the company has been the last few years, and that includes some of the real estate carryover from last year.