January 21, 2018 8:13 AM 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.

CEO & President
Age: 59
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 2017.

Faneuil, Inc. Key Developments

Faneuil, Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended September 30, 2017; Provides Revenue Guidance for the Three Months Ending December 31, 2017

Faneuil, Inc. announced unaudited earnings results for the fourth quarter and year ended September 30, 2017. The company recognized revenue of $44.0 million for the three months ended September 30, 2017 compared to $32.0 million for the three months ended September 30, 2016. Revenue increased $12.0 million, or 37.4%. Excluding the impact of the CMO Business, revenue increased $3.1 million, or 9.5%, due to new customer awards. The company recognized adjusted EBITDA of $2.8 million for the three months ended September 30, 2017 compared to $2.7 million for the three months ended September 30, 2016. Excluding the impact of the CMO Business, adjusted EBITDA decreased by $0.5 million, or 16.8%, due to increased personnel costs to build out Faneuil's platform. The company recognized revenue of $158.3 million for the year ended September 30, 2017 compared to $131.8 million for the year ended September 30, 2016. Revenue increased $26.4 million, or 20.0%. Excluding the impact of acquisitions, revenue increased $13.8 million or 10.5% due to improved contract renewals and new contract awards. The company recognized adjusted EBITDA of $13.1 million for the year ended September 30, 2017 compared to $10.7 million for the year ended September 30, 2016. Adjusted EBITDA increased by $2.5 million, or 23.0%, due to the acquisition of the CMO Business, which accounted for $1.7 million of the increase, lower accounts receivable reserve expense of $0.8 million, and higher levels of business activity for contract renewals and awards. The company estimates its revenue for the three months ending December 31, 2017 to be in the range of $45.0 million to $49.7 million, compared to $38.1 million for the three months ended December 31, 2016.

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.

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