Last $22.42 USD
Change Today +0.07 / 0.31%
Volume 303.6K
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As of 2:42 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

convergys corp (CVG) Key Developments

Convergys Corporation Mulls Acquisitions

Andre Valentine, Chief Financial Officer of Convergys Corporation (NYSE:CVG) said that the company is going to be active in M&A.

Convergys Corporation Announces Dividend, Payable on April 3, 2015

Convergys Corporation announced the dividend payment of $0.07 per share is scheduled to be made on April 3, 2015, to shareholders of record at the close of business on March 20, 2015.

Convergys Corporation Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2014; Provides Earnings Guidance for the Full Year of 2015

Convergys Corporation announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2014. For the quarter, the company reported total revenues of $763.9 million, operating income of $49.9 million, income before income taxes and discontinued operations of $45.6 million, income from continuing operations, net of tax of $48 million or $0.46 per diluted share, net income of $48.4 million or $0.46 per diluted share adjusted net income from continuing operations, net of tax of $54.3 million or $0.52 per diluted share adjusted operating income of $66.6 million, adjusted income before income taxes and discontinued operations of $62.3 million, adjusted EBITDA of $98.5 million, net cash provided by operating activities of $53.6 million compared to the total revenues of $527.3 million, operating income of $39.5 million, income before income taxes and discontinued operations of $37 million, loss from continuing operations, net of tax of $21.9 million or $0.21 per diluted share, net loss of $21.5 million or $0.21 per diluted share adjusted net income from continuing operations, net of tax of $28.5 million or $0.26 per diluted share adjusted operating income of $44.7 million, adjusted income before income taxes and discontinued operations of $42.2 million, adjusted EBITDA of $66.2 million, net cash provided by operating activities of $60.7 million for the same quarter a year ago. Net debt totaled $164 million at December 31, 2014, and September 30, 2014, compared with net cash and short term investments of $603 million at the end of the fourth quarter last year. For the year, the company reported total revenues of $2,855.5 million, operating income of $150.8 million, income before income taxes and discontinued operations of $129.3 million, income from continuing operations, net of tax of $116.5 million or $1.1 per diluted share, net income of $120 million or $1.13 per diluted share adjusted net income from continuing operations, net of tax of $169.3 million or $1.6 per diluted share adjusted operating income of $235.2 million, adjusted income before income taxes and discontinued operations of $213.7 million, adjusted EBITDA of $356.9 million, net cash provided by operating activities of $261 million compared to the total revenues of $2,046.1 million, operating income of $137.4 million, income before income taxes and discontinued operations of $131 million, income from continuing operations, net of tax of $58.5 million or $0.54 per diluted share, net income of $60.9 million or $0.56 per diluted share adjusted net income from continuing operations, net of tax of $120 million or $1.1 per diluted share adjusted operating income of $160 million, adjusted income before income taxes and discontinued operations of $153.6 million, adjusted EBITDA of $250.6 million, net cash provided by operating activities of $210 million for the previous year. The company provided earnings guidance for the full year of 2015. For the year, the company expects revenue in the range of $2.970 billion to $3.050 billion, including approximately $0.045 billion negative impact of current foreign exchange rates compared with 2014 rates, increasing from prior year $2.856 billion; Adjusted EBITDA of $375 million to $395 million, increasing from prior year $357 million; Adjusted effective tax rate to approximate 23%; diluted shares outstanding to approximate 106 million; adjusted EPS of $1.65 to $1.75, increasing from prior year $1.60. The Company expects normal seasonal impacts on revenue, EBITDA and EPS in the first quarter and second quarter of 2015 with sequential improvement in quarterly results beginning in the third quarter. In terms of earnings, it anticipates recognizing 52% to 53% of full year adjusted EBITDA and 54% to 55% of full year adjusted EPS during the second half of 2015. This reflects the expected impact of ramp-up costs during the first half, ahead of anticipated seasonal demand later in the year.

Convergys Corporation Appoints Remy Beal as General Manager for France and Tunisia

Convergys Corporation announced the appointment of Remy Beal as General Manager for France and Tunisia as part of a strategy to expand the company’s offerings and services in the region. Remy has over 20 years’ experience within the outsourcing industry, having worked with other large global business process outsourcing providers, including executive roles in client management.

Convergys Corporation Presents at Baird Business Solutions Conference, Feb-25-2015 10:20 AM

Convergys Corporation Presents at Baird Business Solutions Conference, Feb-25-2015 10:20 AM. Venue: The Pierre Hotel, 2 East 61st Street, New York, New York, United States. Speakers: Andre S. Valentine, Chief Financial Officer.

 

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Price/Earnings 20.4x
Price/Sales 0.8x
Price/Book 1.8x
Price/Cash Flow 7.7x
TEV/Sales 0.6x
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