On Friday, Shares of Web.com Group, Inc. (NASDAQ:WWWW), gained 14.64% to $21.06.
Web.com Group, declared results for the first quarter ended March 31, 2015.
Summary of First Quarter 2015 Financial Results:
- Total revenue, calculated in accordance with U.S. generally accepted accounting principles (GAAP), was $132.6 million for the first quarter of 2015, contrast to $133.8 million for the first quarter of 2014. Non-GAAP revenue was $137.7 million for the first quarter of 2015, contrast to $141.2 million in the year-ago quarter, and above the high end of the Company’s guidance range of $134.5 million to $136.5 million.
- GAAP operating income was $11.1 million for the first quarter of 2015, contrast to $9.5 million for the first quarter of 2014. Non-GAAP operating income was $32.2 million for the first quarter of 2015, representing a 23% non-GAAP operating margin, contrast to $38.0 million for the first quarter of 2014, representing a 27% non-GAAP operating margin.
- GAAP net income was $2.3 million, or $0.04 per diluted share, for the first quarter of 2015. GAAP net income was $0.5 million, or $0.01 per diluted share, for the first quarter of 2014. Non-GAAP net income was $29.5 million for the first quarter of 2015, or $0.56 per diluted share, surpassing the high end of the Company’s guidance of $27.6 million to $28.6 million, or $0.53 to $0.55 per diluted share. The Company had non-GAAP net income of $33.1 million, or $0.61 per diluted share, for the first quarter of 2014.
- Adjusted EBITDA was $36.1 million for the first quarter of 2015, contrast to $41.0 million for the first quarter of 2014, representing a 26% and 29% adjusted EBITDA margin during three months ended March 31, 2015 and 2014, respectively.
- The Company generated cash from operations of $31.9 million for the first quarter of 2015, contrast to $18.6 million of cash flow from operations for the first quarter of 2014.
Web.com Group, Inc. provides Internet services to small businesses in North America, South America, and the United Kingdom. The company offers a range of Web services and products that enable small businesses to establish, maintain, promote, and optimize their online presence.
At the end of Friday’s trade, Shares of The Brink’s Company (NYSE:BCO), jumped 14.43% to $30.29, hitting its highest level.
The Brink’s Company, stated first-quarter earnings.
First-Quarter Highlights
- GAAP: Revenue down 18% on currency translation (16% organic growth); operating margin 1.7%; results comprise Venezuela revenue and operating income, counting asset write-downs
- Non-GAAP: Revenue down 8% on currency translation (4% organic growth); operating margin 5.4%; results now exclude Venezuela revenue, operating income and asset write-downs
- Largest 5 Markets (U.S., France, Mexico, Brazil, Canada): Profits up 19% as improvement in U.S. and Mexico offsets lower results in Brazil and France and negative currency impact of $4 million
- Global Markets (Latin America, EMEA, Asia): Profits up 27% as improvement in Latin America offsets negative currency impact of $2 million
- Corporate expenses decline 32% despite negative currency impact of $5 million.
The Brink’s Company provides secure transportation, cash administration services, and other security-related services worldwide. The company offers cash-in-transit services, counting armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation services, and first and second line maintenance.
Rayonier Advanced Materials Inc. (NYSE:RYAM), ended its last trade with 14.42% gain, and closed at $19.12.
Rayonier Advanced Materials, stated net income for the first quarter 2015 of $11 million, or $0.25 per share contrast to $31 million, or $0.73 per share for the same period in 2014. Pro forma net income for the first quarter 2014 was $33 million, or $0.78 per share. There were no pro forma adjustments for the first quarter 2015.
First Quarter Results
Sales for the first quarter of 2015 were $221 million contrast to $243 million in the preceding year period. The $22 million decline was primarily due to lower cellulose specialties sales prices and volumes. Cellulose specialties sales volumes declined in early 2015 due to timing of customer orders mainly related to acetate tow destocking as formerly communicated. Full year volumes are on track to be comparable to 2014/2013 levels, with the vast majority of these volumes under contract. Operating income for the first quarter of 2015 was $24 million contrast to pro forma operating income of $46 million for the same period in the preceding year. The $22 million decline is primarily due to lower cellulose specialties prices. Lower cellulose specialties volumes were offset by raised commodity volumes and improved commodity profitability. Operating income was negatively influenced by higher selling and general expenses as a result of being an independent, public company and higher professional fees incurred during the period.
Interest Expense, Net
Interest expense, net of interest income, was $9 million for the first quarter of 2015 reflecting the debt issued to effect the separation.
Rayonier Advanced Materials Inc. manufactures and sells cellulose specialty products in the United States, China, Japan, Canada, Europe, Latin America, and other Asian countries. Its products comprise cellulose specialties, such as cellulose acetate and cellulose ethers, which are natural polymers that are used as raw materials to manufacture a range of consumer-oriented products, such as cigarette filters, liquid crystal displays, impact-resistant plastics, thickeners for food products, pharmaceuticals, cosmetics, high-tenacity rayon yarn for tires and industrial hoses, food casings, paints, and lacquers.
Finally, Blucora, Inc. (NASDAQ:BCOR), closed at $15.55, with 13.75% gain.
Blucora, declared financial results for the first quarter ended March 31, 2015.
Tax Preparation
Tax Preparation segment income for the first quarter of 2015 was $44.1 million or 54 percent of segment revenue for the first quarter of 2015.
For the six months ended June 30, 2015, TaxACT anticipates revenue growth of about 13 percent and segment income growth of 16 to 17 percent as compared to the preceding year comparable period, with combined consumer and professional preparer e-file growth of 1 percent. The combined TaxACT offerings assisted about 7 million filers this tax season.
TaxACT professional preparer filings for the tax season grew about 8 percent contrast to the same period last year.
Search and Content
Search and Content segment income for the first quarter of 2015 was $8.4 million or 14 percent of segment revenue for the first quarter of 2015.
E-Commerce
E-Commerce segment income for the first quarter of 2015 was $2.6 million or 7 percent of segment revenue for the first quarter of 2015.
Corporate Operating Expenses
Unallocated corporate operating expenses for the first quarter of 2015 were $4.3 million, contrast to $3.2 million for the first quarter of 2014.
Blucora, Inc. operates a portfolio of Internet businesses in the Unites States and internationally. It operates through three segments: Search and Content, Tax Preparation, and E-Commerce.
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