Quarterly Results Release

 

Quarterly Results Release

DST SYSTEMS, INC. ANNOUNCES FOURTH QUARTER 2017 FINANCIAL RESULTS

KANSAS CITY, Mo., Jan. 29, 2018 /PRNewswire/ -- DST Systems, Inc. (NYSE: DST) reported consolidated net income attributable to DST of $81.2 million ($1.34 per diluted share) for the fourth quarter 2017 compared to $42.9 million ($0.66 per diluted share) for the fourth quarter 2016. Net income attributable to DST for the year ended December 31, 2017 was $451.5 million ($7.27 per diluted share) compared to $427.3 million ($6.41 per diluted share) for the year ended December 31, 2016.

Income from continuing operations attributable to DST Systems, Inc. ("DST Earnings"), which excludes discontinued operations, was $81.2 million ($1.34 per diluted share) for the fourth quarter 2017 compared to $54.6 million ($0.84 per diluted share) for the fourth quarter 2016. DST Earnings for the year ended December 31, 2017 was $447.0 million ($7.20 per diluted share) compared to $179.0 million ($2.68 per diluted share) for the year ended December 31, 2016. 

Taking into account certain non-GAAP adjustments, DST Earnings were $67.5 million ($1.11 per diluted share) for the fourth quarter 2017 compared to $53.9 million ($0.83 per diluted share) for the fourth quarter 2016, and $207.8 million ($3.36 per diluted share) for the year ended December 31, 2017 compared to $190.9 million ($2.87 per diluted share) for the year ended December 31, 2016. 

"Our fourth quarter and full year 2017 financial results demonstrate our continued success in delivering value to our clients and achieving efficiencies within our businesses," said Steve Hooley, Chairman, CEO and President of DST. "We are pleased to be moving ahead with our recently announced agreement to combine with SS&C Technologies Holdings, Inc. ("SS&C") for $84 per share in cash, through which we expect to deliver significant value for our shareholders while enhancing the value that we can bring to our clients for the long-term." 

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