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Last $10.79 USD
Change Today +0.56 / 5.47%
Volume 398.8K
PGI On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

premiere global services inc (PGI) Key Developments

Premiere Global Services, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Raises Financial Outlook for the Year 2015; Reports Asset Impairments for the Second Quarter of 2015

Premiere Global Services, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net revenue of $144,304,000 compared to $144,287,000 a year ago. Operating income was $8,101,000 compared to $10,852,000 a year ago. Income from continuing operations before income taxes was $5,874,000 compared to $8,442,000 a year ago. Net income was $4,772,000 or $0.11 per basic and diluted share compared to $6,015,000 or $0.13 per basic and diluted share a year ago. Non-GAAP revenue was $144,635,000 compared to $144,287,000 a year ago. Non-GAAP operating income was $19,018,000 compared to $17,779,000 a year ago. Adjusted EBITDA was $27,910,000 compared to $26,664,000 a year ago. Non-GAAP net income from continuing operations was $11,691,000 or $0.26 per basic and diluted share compared to $10,769,000 or $0.23 per basic and diluted share a year ago. Net income from continuing operations was $4,880,000 or $0.11 per diluted share compared to $6,133,000 or $0.13 per diluted share for the last year. For the quarter, the company reported net revenue of $286,626,000 compared to $287,526,000 a year ago. Operating income was $12,909,000 compared to $21,219,000 a year ago. Income from continuing operations before income taxes was $7,822,000 compared to $17,009,000 a year ago. Net income was $5,933,000 or $0.13 per basic and diluted share compared to $11,220,000 or $0.24 per basic and diluted share a year ago. Net cash provided by operating activities was $28,867,000 compared to $38,902,000 a year ago. Capital expenditures were $19,782,000 compared to $15,520,000 a year ago. Non-GAAP revenue was $287,374,000 compared to $287,526,000 a year ago. Non-GAAP operating income was $36,044,000 compared to $34,761,000 a year ago. Adjusted EBITDA was $53,508,000 compared to $52,312,000 a year ago. Non-GAAP net income from continuing operations was $22,106,000 or $0.49 per basic and diluted share compared to $21,366,000 or $0.46 per basic and diluted share a year ago. Net income from continuing operations was $6,267,000 or $0.14 per diluted share compared to $11,403,000 or $0.24 per diluted share for the last year. Based on current business trends and prevailing foreign currency exchange rates, and assuming no additional acquisitions, the company has raised its financial outlook for 2015 from the range it previously provided on April 23, 2015. The company now anticipates that 2015 results will be within the financial outlook ranges: non-GAAP revenue is projected to be in the range of $568 million to $575 million and non-GAAP diluted EPS from continuing operations are projected to be in the range of $0.94 to $0.96. These ranges include an estimated negative year-over-year impact from changes in foreign currency exchange rates of approximately $21 million and $0.02 to non-GAAP revenue and non-GAAP diluted EPS from continuing operations, respectively. The company reported asset impairments of $127,000 for the second quarter of 2015.

Credit Plus, Inc. Chooses PGi's iMeet Experience for all its Collaboration Needs

PGi announced that Credit Plus, Inc. chose iMeet for all its daily collaboration needs. PGi's iMeet helps Credit Plus deliver innovative solutions that help its clients grow their businesses. iMeet gives users the power to meet via web, video or audio conferencing however and wherever they want from a single, easy-to-use desktop, web or mobile application, or any telephone device. iMeet was designed to have the most elegant and appealing user interface, to be the most intuitive and enjoyable way to meet online. In addition to all-in-one web, video and audio conferencing, PGi's expanding iMeet portfolio of unified communications and collaboration (UC&C) products also includes webcasting and an award-winning smart calendar app.

Premiere Global Services, Inc. Announces Preliminary Earnings Results for the Second Quarter Ended June 30, 2015

Premiere Global Services, Inc. announced preliminary earnings results for the second quarter ended June 30, 2015. Based upon its preliminary financial results, non-GAAP revenue for the second quarter of 2015 is expected to be in the range of $144.0 million to $145.0 million and non-GAAP diluted EPS from continuing operations is expected to be in the range of $0.26 to $0.27. Unified communications and collaboration (UC&C) SaaS revenue is expected to be in the range of $20.5 to $21.0 million in the second quarter, up greater than 70% year-over-year and representing more than 14% of total non-GAAP revenue for the second quarter.

Premiere Global Services, Inc. to Report Q2, 2015 Results on Jul 30, 2015

Premiere Global Services, Inc. announced that they will report Q2, 2015 results at 5:00 PM, US Eastern Standard Time on Jul 30, 2015

Premiere Global Services, Inc., Q2 2015 Earnings Call, Jul 30, 2015

Premiere Global Services, Inc., Q2 2015 Earnings Call, Jul 30, 2015

 

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Industry Analysis

PGI

Industry Average

Valuation PGI Industry Range
Price/Earnings 39.8x
Price/Sales 0.8x
Price/Book 1.9x
Price/Cash Flow 8.1x
TEV/Sales 0.2x
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