News & Events

Quarterly Results Call

 

Quarterly Results Call

DST SYSTEMS, INC. ANNOUNCES FOURTH QUARTER 2016 FINANCIAL RESULTS


Board Declares 6% Increase in Quarterly Cash Dividend to $0.35 Per Share


KANSAS CITY, Mo., Jan. 26, 2017 /PRNewswire/ -- DST Systems, Inc. (NYSE: DST) reported consolidated net income attributable to DST of $59.9 million ($1.84 per diluted share) for the fourth quarter 2016 compared to $67.8 million ($1.94 per diluted share) for the fourth quarter 2015. Net income attributable to DST for the year ended December 31, 2016 was $444.3 million ($13.33 per diluted share) compared to $358.2 million ($9.83 per diluted share) for the year ended December 31, 2015.

Income from continuing operations attributable to DST Systems, Inc. ("DST Earnings"), which excludes discontinued operations, was $54.6 million ($1.68 per diluted share) for the fourth quarter 2016 compared to $55.0 million ($1.57 per diluted share) for the fourth quarter 2015. DST Earnings for the year ended December 31, 2016 was $179.0 million ($5.37 per diluted share) compared to $309.7 million ($8.50 per diluted share) for the year ended December 31, 2015.

Taking into account certain non-GAAP adjustments, adjusted DST Earnings were $53.9 million ($1.66 per diluted share) for fourth quarter 2016 compared to $48.9 million ($1.40 per diluted share) for fourth quarter 2015, and $190.9 million ($5.73 per diluted share) for the year ended December 31, 2016 compared to $179.8 million ($4.93 per diluted share) for the year ended December 31, 2015.

"We are very pleased with our fourth quarter results which demonstrate the capability and dedication of our teams around the world to operate in a challenging environment and still deliver excellent results for our clients and our shareholders. We generated positive operating results during the quarter with growth and expanded margins in both our healthcare and financial services segments," said Steve Hooley, Chairman, CEO and President of DST. "We are encouraged by the expansion of highly-valued services we are able to provide our clients while improving overall profitability as we implement operational enhancements."

Please click here to view the Financial Release.

A telephone replay of the call will be available from January 26, 2017, at 10:30 A.M. Central Time through February 2, 2017, at 11:00 P.M. Central Time. The replay number for domestic callers is (800) 585-8367, and for international callers is (404) 537-3406, with the access code of 40876889.

To listen to the live or recorded webcast of the conference call please click the link below and enter your registration information. http://event.on24.com/wcc/r/1336267-1/373ED156A9C42FC35F3F3D3A30A0BDE6

The information and comments on this site may include forward-looking statements respecting DST and its businesses. Such information and comments in a website posting are based on DST's views as of the date of such posting, and actual actions or results could differ. There could be a number of factors affecting future actions or results, including those set forth in DST's latest Form 10-Q or 10-K filed with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking comment. DST will not update specific website postings to reflect events that occur after such postings.

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