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19.07.2018 13:35
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Alliance Data Reports Second Quarter 2018 Results
Alliance Data bietet Datenlösungen für Kundenloyalitätsprogramme.
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PR Newswire
PLANO, Texas, July 19, 2018
PLANO, Texas, July 19, 2018 /PRNewswire/ -- Alliance Data Systems Corporation (NYSE: ADS), a leading global provider of data-driven marketing and loyalty solutions, today announced results for the quarter ended June 30, 2018.
| Summary | Quarter Ended June 30, | ||
| (in millions, except per share amounts) | 2018 | 2017 | % Change |
| Revenue | $1,904 | $1,822 | +5% |
| Pro forma revenue | $1,970 | $1,822 | +8% |
| Net income | $218 | $138 | +58% |
| Net income per diluted share ("EPS") | $3.93 | $2.47 | +59% |
| Diluted shares outstanding | 55.4 | 55.8 | |
| ******************************* | | | |
| Supplemental Non-GAAP Metrics (a): | | | |
| Adjusted EBITDA | $563 | $499 | +13% |
| Adjusted EBITDA, net of funding costs ("adjusted EBITDA, net") | $471 | $433 | +9% |
| Core earnings per diluted share ("core EPS") | $5.01 | $3.84 | +31% |
| | |
| (a) | See "Financial Measures" for a discussion of non-GAAP financial measures. |
Ed Heffernan, president and chief executive officer of Alliance Data, commented, "The second quarter marked the beginning of the long-awaited acceleration in our business. Specifically, both Card Services and LoyaltyOne® produced double-digit growth in both revenue and adjusted EBITDA. These results contributed to core EPS growth of 31 percent putting our first-half growth rate at 22 percent.
"At Card Services, we continue to see favorable trends across key metrics. Credit sales and receivables growth for active programs increased 11 percent and 18 percent, respectively, while our net principal loss rate improved sequentially from the first quarter and remains on track to drop below 6 percent in the second-half of 2018."
Heffernan continued: "Looking forward, we expect both Card Services and LoyaltyOne to continue to produce strong results during the second-half of 2018. Additionally, after a soft first-half, we expect Epsilon® to solidly contribute to revenue growth in the back-half of 2018. Overall, we remain comfortably on track to deliver our full-year core EPS guidance of $22.50 to $23.00 per share, representing a 16 to 19 percent growth rate."
CONSOLIDATED RESULTS
Revenue increased 5 percent to $1.9 billion for the second quarter of 2018. Pro forma revenue − which adjusts for the change to net revenue presentation for AIR MILES® effective January 1, 2018 − increased 8 percent. EPS increased 59 percent to $3.93 for the second quarter of 2018, aided by a one-time tax benefit in the GAAP effective tax rate associated with foreign restructuring. Core EPS increased 31 percent to $5.01 for the second quarter of 2018 (one-time tax benefit excluded from core effective tax rate), while adjusted EBITDA, net increased 9 percent to $471 million for the second quarter of 2018.
SEGMENT RESULTS
| | Quarter Ended June 30, | ||
| (in millions) | 2018 | 2017 | % Change |
| Revenue: | | | |
| LoyaltyOne | $249 | $280 | |
| ASC 606 adjustment (a) | 66 | - | |
| LoyaltyOne pro forma revenue | 315 | 280 | +12% |
| | | | |
| Epsilon | 514 | 544 | -5% |
| Card Services | 1,149 | 1,005 | +14% |
| Corporate/other and eliminations | (8) | (7) | |
| Total pro forma revenue | $1,970 | $1,822 | +8% |
| | | | |
| Adjusted EBITDA, net: | | | |
| Loyalty One | $69 | $57 | +22% |
| Epsilon | 107 | 107 | -% |
| Card Services | 336 | 305 | +10% |
| Corporate/other | (41) | (36) Werbung Mehr Nachrichten zur Bread Financial Inc Aktie kostenlos abonnieren
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