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
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