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Last $46.54 USD
Change Today +0.32 / 0.69%
Volume 1.4M
TSS On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

total system services inc (TSS) Key Developments

TSYS and Acquirer Systems Launch ASTREX to Simplify EMV Certification Process

TSYS and Acquirer Systems announced the launch of ASTREX, a new testing solution that simplifies the EMV certification process for both Value-Added Resellers (VARs) and Integrated Software Vendors (ISVs). Developers can now use a streamlined approach to integrate with TSYS’ current testing environment, where ASTREX provides a robust card brand simulation tool with real-time results. The efficient testing functionality cuts EMV certification time in half. As an EMV payments simulation platform, developers can test a full range of transactions and network scenarios. This powerful and comprehensive testing solution eliminates complex integration steps with its scalability, and also reduces overall EMV implementation costs. ASTREX gives VARs and ISVs the peace of mind that their POS solutions will qualify for EMV certification on the first attempt. The TSYS and Acquirer Systems solution provides VARs and ISVs with a sustainable method of validating their payments ecosystems through tests conducted from a familiar, easy-to-use workspace that requires no further password management or secondary login information. VARs and ISVs will receive robust support from the TSYS Developer Services team – both during and after the integration – to further reduce overall EMV implementation costs.

Total System Services, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Full Year of 2015

Total System Services, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of USD 692.652 million compared to USD 602.036 million a year ago. Operating income was USD 130.602 million compared to USD 98.763 million a year ago. Income from continuing operations, net of tax was USD 83.375 million compared to USD 61.207 million a year ago. Net income was USD 83.375 million compared to USD 111.340 million a year ago. Net income attributable to the company’s shareholders was USD 82.839 million compared to USD 109.904 million a year ago. Basic and diluted earnings per share from continuing operations was USD 0.45 compared to USD 0.32 a year ago. Adjusted EPS from continuing operations was USD 0.58 compared to USD 0.45 a year ago. Adjusted EBITDA was USD 206.537 million compared to USD 170.894 million a year ago. Adjusted earnings were USD 105.955 million compared to USD 83.276 million a year ago. EBITDA was USD 194.507 million compared to USD 159.724 million a year ago. The company had USD 53 million of CapEx for the quarter, of which about 24% or USD 12 million was related to property and equipment. Free cash flow for the quarter was USD 73.8 million. For the six months, the company reported total revenues of USD 1,354.808 million compared to USD 1,194.883 million a year ago. Operating income was USD 253.098 million compared to USD 179.460 million a year ago. Income from continuing operations, net of tax was USD 162.274 million compared to USD 111.852 million a year ago. Net income was USD 162.274 million compared to USD 162.965 million a year ago. Net income attributable to the company’s shareholders was USD 160.594 million compared to USD 159.206 million a year ago. Basic and diluted earnings per share from continuing operations was USD 0.87 compared to USD 0.85 a year ago. Adjusted EPS from continuing operations was USD 1.11 compared to USD 0.83 a year ago. Adjusted EBITDA was USD 399.991 million compared to USD 320.489 million a year ago. Net cash provided by operating activities was USD 285.293 million compared to USD 239.442 million a year ago. Capital expenditures were USD 96.552 million compared to USD 105.776 million a year ago. Free cash flow was USD 188.741 million compared to USD 133.666 million a year ago. Available free cash flow was USD 162.348 million compared to USD 99.199 million a year ago. Adjusted earnings were USD 204.912 million compared to USD 154.631 million a year ago. EBITDA was USD 379.818 million compared to USD 300.455 million a year ago. As a result of first half of 2015, the company is raising 2015 revenues before reimbursables guidance range to 10%-12%, up from the previous range of 8%-10%, and adjusted earnings per share (EPS) guidance range to 15%-17%, up from the previous range of 12%-14%. For the year, the company expected total revenues in the range of USD 2,667 million to USD 2,716 million and adjusted EPS attributable to the company’s common shareholders in the range of USD 2.25 to USD 2.29. Annual free cash flow was estimated of USD 420 million to USD 440 million for 2015. The company continue to expect overall effective tax rate for the year to be in the 32% to 34% range based on current plans and to be closer to the middle of that range. The company revised total revenue guidance from the previous 7% to 9% growth range to a 9% to 11% growth range.

Total System Services Seeks Acquisitions

Troy Woods of Chairman & Chief Executive Officer of Total System Services, Inc. (NYSE:TSS) announced that the company has not found anything that fits all the criteria that it is looking for. He added "We'll continue to keep our eyes open, but it is something we are continually interested in."

TSYS Signs Long-Term Renewal with U.S. Bank

TSYS announced that it has signed a long-term renewal with U.S. Bank. As part of the agreement, TSYS will continue to support the bank's commercial card payment services in the United States, Europe and Canada, and will also support their acquiring business.

Total System Services Extends Payments Agreement with Banco INVEX S.A

Total System Services, or TSYS, has extended its payments agreement with Banco INVEX S.A. The multi-year agreement includes processing services for INVEX's consumer and commercial credit card portfolios.

 

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Industry Analysis

TSS

Industry Average

Valuation TSS Industry Range
Price/Earnings 26.3x
Price/Sales 3.3x
Price/Book 4.8x
Price/Cash Flow 26.3x
TEV/Sales 2.6x
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