epiq systems inc (EPIQ) Key Developments
Epiq Systems, Inc. Appoints Brookes Taney as Vice President
Mar 12 15
Epiq Systems, Inc. has appointed Brookes Taney as vice president to lead its expanded data breach solutions group. Since joining the company in 2009, Taney has managed sales for breach response solutions and held business development roles in bankruptcy solutions, corporate services and print solutions.
Epiq Systems, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015
Mar 2 15
Epiq Systems, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company has posted operating revenue was $108.5 million against $121.0 million a year ago. Net loss was $0.6 million or $0.02 diluted per share against net profit of $0.1 million or $0.00 diluted per share a year ago. Adjusted EBITDA was $25.1 million against $27.1 million a year ago. Adjusted net income was $8.1 million against $9.1 million a year ago. Adjusted EPS was $0.22 against $0.26 a year ago. Net cash from operations was $32.3 million against $24.0 million a year ago.
For the year, the company has posted operating revenue of $444.1 million against $438.7 million a year ago. Net loss was $1.3 million or $0.04 diluted per share against net profit of $11.1 million or $0.30 diluted per share a year ago. Adjusted EBITDA was $97.0 million against $99.3 million a year ago. Adjusted net income was $28.8 million against $35.7 million a year ago. Adjusted EPS was $0.80 against $0.98 a year ago. Net cash from operations was $69.7 million against $32.6 million a year ago. Property and equipment, internally developed software was $36.03 million against $40.70 million a year ago.
The company estimated that operating revenue for 2015 will be between $465 million and $485 million, adjusted EBITDA between $103 million and $109 million, and adjusted EPS between $0.86 and $0.92. This guidance includes a number of assumptions based on current facts and expectations, which are subject to change. 2015 total CapEx is expected to be between $35 million and $45 million and funded by cash from operations. Estimated CapEx expenditures include servicing of fixed assets, software development and enhancement and significant upgrades to noticing and call center infrastructure to facilitate increased claims volumes as well as the recently announced New York City office consolidation to reduce overall Manhattan real estate expense.
Epiq Systems Mulls Acquisitions
Mar 2 15
Epiq Systems, Inc. (NasdaqGS:EPIQ) is seeking acquisitions. Brad Scott, President and Chief Operating Officer of Epiq Systems, said, "For some of the areas that we do want to make enhancement to and really provide greater service or new services in the marketplace, it could be either acquired or it could be organic. We certainly have a very clear path in every area for specifically organic. But as you know, we're opportunistic as it comes to acquisitions, and we would certainly take the right opportunity to jumpstart any one of our initiatives."
Epiq Systems, Inc. Announces Quarterly Cash Dividend, Payable May 29, 2015
Feb 27 15
Epiq Systems, Inc. announced a quarterly cash dividend of $0.09 per common share, payable May 29, 2015, to shareholders of record at the close of business on April 24, 2015.
Epiq Systems, Inc. Appoints Scott Olofson to Lead Corporate Restructuring Group
Feb 12 15
Epiq Systems, Inc. announced the appointment of Scott Olofson, currently senior vice president of corporate relations and business development, to lead corporate restructuring solutions. In his expanded role, Mr. Olofson will lead operations, solicitations, consulting and strategic initiatives and fill a recently vacated position.