May 28, 2017 8:21 PM ET

Commercial Services and Supplies

Company Overview of Faneuil, Inc.

Company Overview

Faneuil, Inc. provides outsourcing support services to public and private sector clients. The company offers technology-enabled in-person and automated services. It offers customer care services, such as customer relationship management; billing, payment, and claims processing; data entry; document management; workforce and support analytics; quality assurance; and back office and fulfillment operations. The company also provides transportation related services, including manual toll collection, electronic toll operations, transportation violation processing, and violation processing services. In addition, it offers government services, such as outsourcing support to federal, state, and loca...

2 Eaton Street

Suite 1002

Hampton, VA 23669

United States

Founded in 1993

Phone:

757-722-3235

Fax:

757-722-5293

Key Executives for Faneuil, Inc.

Chief Executive Officer
Age: 57
Senior Vice President of Operations & Program Management
Vice President of Client Relations
Vice President of Workforce Management & Quality
Vice President of Florida Operations
Compensation as of Fiscal Year 2016.

Faneuil, Inc. Key Developments

Faneuil, Inc. Reports Earnings Results for the First Quarter Ended December 31, 2016; Provides Revenue Guidance for the Three Months Ending March 31, 2017

Faneuil, Inc. reported earnings results for the first quarter ended December 31, 2016. For the quarter, the company recognized revenue of $38.1 million for the three months ended December 31, 2016 compared to $33.8 million for the three months ended December 31, 2015. The company recognized adjusted EBITDA of $3.8 million for the three months ended December 31, 2016 compared to $2.8 million for the three months ended December 31, 2015. The company estimates its revenue for the three months ending March 31, 2017 to be in the range of $34.5 million to $38.2 million, compared to $33.9 million for the three months ending March 31, 2016.

Faneuil, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2016; Provides Revenue Guidance for the Fourth Quarter Ending September 30, 2016

Faneuil, Inc. reported earnings results for the third quarter and nine months ended June 30, 2016. The company recognized revenue of $32.1 million for the three months ended June 30, 2016 compared to $36.2 million for the three months ended June 30, 2015 and $33.9 million for the three months ended March 31, 2016. The company recognized adjusted EBITDA of $2.9 million for the three months ended June 30, 2016 compared to $2.9 million for the three months ended June 30, 2015 and $2.3 million for the three months ended March 31, 2016. The company recognized revenue of $99.8 million for the nine months ended June 30, 2016 compared to $119.3 million for the nine months ended June 30, 2015. The company recognized adjusted EBITDA of $8.0 million for the nine months ended June 30, 2016 compared to $12.5 million for the nine months ended June 30, 2015. The company estimates its revenue for the three months ending September 30, 2016 to be in the range of $31.0 million to $34.3 million, compared to $30.3 million for the three months ended September 30, 2015.

Faneuil to Lay Off 268 Workers

Faneuil Inc. will lay off 268 employees by Aug. 31. The layoffs are due to the Florida Department of Transportation's termination of the company's SunPass services contract.

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Recent Private Companies Transactions

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