May 27, 2018 6:38 PM ET

IT Services

Company Overview of Convergys Corporation

Company Overview

Convergys Corporation provides customer management services to communications and media, technology, financial services, retail, healthcare, government, travel and hospitality, and other vertical markets worldwide. The company offers solutions across the customer lifecycle, including sales, customer service, technical support, customer retention, and collection, as well as security, compliance, and fraud solutions; and solutions in contact center technology comprising omni-channel interaction, cross-channel integration framework, real-time decisioning engine, robotic process automation, intelligent notification, campaign management, personalized care, personalized selling, agent productivity...

201 East Fourth Street

Cincinnati, OH 45202

United States

Founded in 1998

110,000 Employees

Phone:

513-723-7000

Key Executives for Convergys Corporation

Convergys Corporation does not have any Key Executives recorded.

Convergys Corporation Key Developments

Convergys Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Earnings Guidance for the Full Year 2018

Convergys Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported total revenues of $674.2 million against $727.6 million a year ago. Operating income was $34.5 million against $48.8 million a year ago. Income from continuing operations, net of tax was $29.8 million or $0.30 per diluted share against $37.9 million or $0.38 per diluted share a year ago. Net income was $29.8 million or $0.30 per diluted share against $37.9 million or $0.38 per diluted share a year ago. Income before income taxes was $29.5 million against $44.8 million a year ago. Adjusted operating income was $60.0 million against $71.3 million a year ago. Adjusted income from continuing operations, net of tax was $40.4 million or $0.41 per diluted share against $52.1 million or $0.52 per diluted share a year ago. EBITDA was $64.7 million against $84.7 million a year ago. Adjusted EBITDA was $82.7 million against $99.0 million a year ago. Net cash provided by operating activities was $12.7 million against $32.9 million a year ago. Capital expenditures were $5.9 million against $8.9 million a year ago. Adjusted free cash flow was $16.5 million against $25.7 million a year ago. Free cash flow was $6.8 million against free cash flow of $24.0 million a year ago. Net debt totaled $156 million at March 31, 2018, compared with $199 million at December 31, 2017, and $50 million at the end of the first quarter last year. The company provided earnings guidance for 2018. Adjusted EBITDA margin to approximate 12.5%. Adjusted effective tax rate to approximate 25%, now including provision for withholding taxes in international jurisdictions and other impacts and assumptions related to enactment of the 2017 Tax Cuts and Jobs Act. The company expects a constant currency revenue decrease of up to 7% for 2018. The company expects an adjusted EPS decrease of up to 10% for the full year.

Convergys Approves Quarterly Dividend, Payable on July 6, 2018

Convergys's Board of Directors also approved a 10% increase in the quarterly dividend to $0.11 per share. The Company scheduled the first dividend payment of $0.11 per share on July 6, 2018, to shareholders of record at the close of business on June 22, 2018.

Convergys Corporation to Report Q1, 2018 Results on May 09, 2018

Convergys Corporation announced that they will report Q1, 2018 results at 9:00 AM, US Eastern Standard Time on May 09, 2018

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