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Quarterly Results Call

 

Quarterly Results Call

DST SYSTEMS, INC. ANNOUNCES THIRD QUARTER 2017 FINANCIAL RESULTS

KANSAS CITY, MO., October 20, 2017 /PRNewswire/ -- DST Systems, Inc. (NYSE: DST) reported consolidated net income attributable to DST of $48.5 million ($0.79 per diluted share) for the third quarter 2017 compared to $273.3 million ($4.13 per diluted share) for the third quarter 2016. Net income attributable to DST for the nine months ended September 30, 2017 was $370.3 million ($5.91 per diluted share) compared to $384.4 million ($5.72 per diluted share) for the nine months ended September 30, 2016.

Income from continuing operations attributable to DST Systems, Inc. ("DST Earnings"), which excludes discontinued operations, was $48.8 million ($0.79 per diluted share) for the third quarter 2017 compared to $50.5 million ($0.76 per diluted share) for the third quarter 2016. DST Earnings for the nine months ended September 30, 2017 was $365.8 million ($5.84 per diluted share) compared to $124.4 million ($1.85 per diluted share) for the nine months ended September 30, 2016.

Taking into account certain non-GAAP adjustments, DST Earnings were $46.5 million ($0.76 per diluted share) for the third quarter 2017 compared to $50.7 million ($0.77 per diluted share) for the third quarter 2016, and $140.3 million ($2.24 per diluted share) for the nine months ended September 30, 2017 compared to $137.0 million ($2.04 per diluted share) for the nine months ended September 30, 2016.

"We are pleased with our third quarter results, which demonstrate the capabilities and strengths of our teams around the world as we continue to execute on our key initiatives to win business and grow organically in the face of an environment that continues to be challenging and competitive," said Steve Hooley, Chairman, CEO and President of DST. "Our third quarter results demonstrate strong execution on our organic growth initiatives, particularly in our Healthcare business which recorded double digit revenue growth absent the client migrations previously disclosed. We also continue to make progress on effectively integrating Boston Financial Data Services ("BFDS") and International Financial Data Services U.K. ("IFDS U.K."). The integration of people and systems are ahead of schedule and we are seeing the benefits of the synergy savings."

Please click here to view the Financial Release.

A telephone replay of the call will be available from October 20, 2017, at 10:30 A.M. Central Time through November 3, 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 89023309.

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/1511590-1/11398F62197A1DED3EB1A49777794F05

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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