August 24, 2017 3:55 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

1,498 Employees

Phone:

757-493-8855

Fax:

800-880-6432

Key Executives for Liberty Tax, Inc.

Founder, Chairman, CEO & President
Age: 68
Total Annual Compensation: $524.4K
VP & CFO
Age: 56
Total Annual Compensation: $338.1K
VP & General Counsel
Age: 36
Total Annual Compensation: $260.2K
VP & Chief Information Officer
Age: 50
Total Annual Compensation: $222.0K
Vice President of Financial Products
Age: 54
Total Annual Compensation: $237.9K
Compensation as of Fiscal Year 2017.

Liberty Tax, Inc. Key Developments

Liberty Tax, Inc. Announces Resignation of Thomas Daniels from Chief Accounting Officer, Effective August 11, 2017

On July 12, 2017, Thomas Daniels, Chief Accounting Officer of Liberty Tax, Inc. announced the company that he will retire effective, August 11, 2017.

Liberty Tax, Inc. Announces Cash Dividend Payable on July 28, 2017

On June 14, 2017, 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 July 28, 2017 to stockholders of record at the close of business on July 14, 2017.

Liberty Tax, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended April 30, 2017

Liberty Tax, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended April 30, 2017. For the quarter, the company reported total revenue of $111,179,000 against $104,414,000 a year ago. Income from operations was $48,177,000 against $51,442,000 a year ago. Income before taxes was $47,635,000 against $51,063,000 a year ago. Net income was $29,329,000 against $32,288,000 a year ago. Diluted and basic earnings per Class A and Class B were $2.10 against $2.31 a year ago. Non-GAAP income from operations was $51,011,000 against $51,694,000 a year ago. Non-GAAP EBITDA was $59,000,000 against $56,162,000 a year ago. Non-GAAP pretax income was $50,469,000 against $51,315,000 a year ago. Non-GAAP net income was $31,074,000 against $32,447,000 a year ago. Non-GAAP diluted EPS was $2.23 against $2.32 a year ago. For the full year, the company reported total revenues of $173,985,000 against $173,429,000 a year ago. Income from operations was $23,321,000 against $32,488,000 a year ago. Income before income taxes was $20,767,000 against $30,478,000 a year ago. Net income was $13,013,000 against $19,420,000 a year ago. Basic and diluted loss per share of Class A and Class B common stock was $0.94 against $1.38 per share a year ago. Net cash provided by operating activities was $32,446,000 against $29,817,000 a year ago. Purchase of property, plant, equipment and software was $5,022,000 against $10,692,000 a year ago. Non-GAAP loss before taxes was $22,916,000 against $18,543,000 a year ago. Non-GAAP EBITDA was $42,404,000 against $43,208,000 a year ago. Non-GAAP pretax income was $25,491,000 against $20,174,000 a year ago. Non-GAAP net loss was $15,168,000 against $12,612,000 a year ago. Non-GAAP diluted EPS was $1.17 against $0.99 a year ago. EBITDA was $37,680,000 against $42,543,000 a year ago. Non-GAAP income from operations was $28,095,000 against $33,153,000 a year ago.

Similar Private Companies By Industry

Company Name Region
1-800-Dryclean, LLC United States
1-800-PHONESEX United States
125 Max Drycleaning Center LLC United States
180 Skills LLC United States
19Pencils, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States
Bertelsmann AG Europe
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Liberty Tax, Inc., please visit www.libertytax.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.