January 22, 2017 3:23 AM ET

Diversified Consumer Services

Company Overview of Liberty Tax, Inc.

Company Overview

Liberty Tax, Inc., together with its subsidiaries, provides tax preparation services and solutions in the United States and Canada. The company also facilitates refund-based tax settlement financial products, such as refund transfer products, refund-based loans, and personal income tax refund discounting, as well as provides an online digital Do-It-Yourself tax program in the United States. Its customers include taxpayers who, for reasons of complexity, convenience, or the need for prompt tax refunds, seek assisted tax preparation services. Liberty Tax, Inc. offers its products and services through a network of company-owned offices and franchised locations under the Liberty Tax, Liberty Tax...

1716 Corporate Landing Parkway

Virginia Beach, VA 23454

United States

Founded in 1996

1,332 Employees

Phone:

757-493-8855

Key Executives for Liberty Tax, Inc.

Founder, Chairman, Chief Executive Officer and President
Age: 67
Total Annual Compensation: $1.0
Chief Financial Officer and Vice President
Age: 55
Total Annual Compensation: $335.0K
Chief Information Officer and Vice President
Age: 49
Total Annual Compensation: $208.0K
General Counsel and Vice President
Age: 35
Total Annual Compensation: $166.7K
Vice President of Financial Products
Age: 53
Total Annual Compensation: $282.8K
Compensation as of Fiscal Year 2016.

Liberty Tax, Inc. Key Developments

Liberty Tax, Inc. Approves Quarterly Cash Dividend, Payable on January 23, 2017

On December 8, 2016, Liberty Tax, Inc. announced that its Board of Directors approved a cash dividend to its stockholders. The quarterly dividend of $0.16 per share will be paid on January 23, 2017 to stockholders of record at the close of business on January 12, 2017.

Liberty Tax, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended October 31, 2016

Liberty Tax, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended October 31, 2016. For the quarter, the company’s total revenues were $7,234,000 compared to $7,871,000 a year ago. Loss from operations was $14,759,000 compared to $14,048,000 in the same period last year. Loss before income taxes was $15,508,000 compared to $14,534,000 in the same period last year. Net loss was $9,342,000 or $0.72 per basic and diluted Class A and Class B stock compared to $9,070,000 or $0.71 per basic and diluted Class A and Class B common stock a year ago. LBITDA was $12,961,000 against $12,210,000 a year ago. For the six months, the company’s total revenues were $14,383,000 compared to $15,394,000 a year ago. Loss from operations was $29,961,000 compared to $27,922,000 in the same period last year. Loss before income taxes was $31,012,000 compared to $28,834,000 in the same period last year. Net loss was $18,772,000 or $1.46 per basic and diluted Class A and Class B common stock compared to $17,606,000 or $1.38 per basic and diluted Class A and Class B common stock a year ago. Net cash used in operating activities was $39,009,000 compared to $37,319,000 in the same period last year. Purchase of property and equipment was $3,092,000 compared to $5,464,000 in the same period last year. LBITDA was $26,109,000 against $24,440,000 a year ago. For the period, on adjusted basis, the company reported loss from operations of $28,270,000 compared to $27,509,000 a year ago. LBITDA was $24,468,000 compared to $24,027,000 a year ago. Pretax loss was $29,371,000 compared to $28,421,000 a year ago. Net loss was $17,779,000 or $1.38 per basic and diluted share compared to $17,354,000 or $1.36 per basic and diluted share a year ago.

Liberty Tax, Inc. to Report Q2, 2017 Results on Dec 08, 2016

Liberty Tax, Inc. announced that they will report Q2, 2017 results at 9:00 AM, Eastern Standard Time on Dec 08, 2016

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