TMX Group Limited Reports Results For The Fourth Quarter 2012
- Revenue of $181.1 million in Q4/12
- Diluted earnings per share of 61 cents in Q4/12
- Adjusted diluted earnings per share of 95 cents, excluding 18 cents per share of
Maple Transaction and Integration costs and 16 cents per share of amortization of
intangible assets related to acquisitions.
- Cash flows from operating activities of $29.8 million in Q4/12
TMX Group Limited [TSX:X] announced results for the fourth quarter and year ended December 31, 2012.
Commenting on Q4 and 2012, Thomas Kloet, Chief Executive Officer of TMX Group said “2012 was a year of important change for TMX Group with the successful completion of the Maple transaction and the ongoing integration of the TMX Group Inc., CDS and Alpha businesses. We ended the year a stronger and more internationally competitive organization. As we progress through the integration, we are focused on further enhancing our customer service, driving new innovation for the benefit of the marketplace and identifying new opportunities for growth.”
“This significant activity was achieved against a backdrop of continued economic uncertainty, which impacted our operating and financial results for the fourth quarter and the year. These same impacts were experienced by many of our competitors around the world. However, despite these macroeconomic pressures to both trading and listing activity, our businesses continued to compete successfully. As economic conditions improve and market activity resumes, we are confident in the opportunity for growth across our diversified, multi-asset class portfolio of businesses.”
Michael Ptasznik, Chief Financial Officer of TMX Group said “Income from operations in Q4/12 was down 6.5% as compared to TMX Group Inc. in Q4/11 as lower expenses in certain areas and the addition of CDS and Alpha were more than offset by the amortization of intangible assets that related to the Maple transaction and the lower revenue that resulted from reduced market activity. We remain on track to complete the integration of CDS and Alpha and achieve our cost synergy targets in Q1/14.”
Click here for full details.