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
Founded in 1996
Liberty Tax, Inc. Announces Resignation of Thomas Daniels from Chief Accounting Officer, Effective August 11, 2017
Jul 18 17
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 Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended April 30, 2017
Jun 14 17
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.