Catalina Marketing Corporation (NYSE: POS) today reported financial
results for its second quarter and first six months ended September
30, 2005. For the three months ended September 30, 2005,
consolidated revenues were $102.8 million, compared with revenues
of $102.4 million in the comparable period of fiscal year 2005.
Consolidated net income for the second quarter was $19.7 million,
or $0.40 per diluted share, compared with net income of $20.3
million, or $0.39 per diluted share, in the second quarter of
fiscal year 2005. Second quarter results in fiscal year 2005
included $1.4 million of income from discontinued operations
related to the operation and divesture of non-core businesses. The
company reported consolidated income from continuing operations for
the quarter ended September 30, 2005 of $19.7 million, or $0.40 per
diluted share, compared with $18.9 million, or $0.36 per diluted
share, for the quarter ended September 30, 2004. For the six-month
period ended September 30, 2005, consolidated revenues were $194.6
million, compared with revenues of $197.8 million in the comparable
period of fiscal year 2005. Consolidated net income for the first
six months of fiscal year 2006 was $33.4 million, or $0.67 per
diluted share, compared with net income of $31.2 million, or $0.60
per diluted share, in fiscal year 2005. First half results in
fiscal year 2005 included a loss from discontinued operations of
$1.0 million related to the operation and divestiture of non-core
businesses. The company reported consolidated income from
continuing operations for the six months ended September 30, 2005
of $33.4 million, or $0.67 per diluted share, compared with $32.2
million, or $0.62 per diluted share, for the six months ended
September 30, 2004. "Second quarter earnings improved
year-over-year, while revenues were comparable with the prior year
as double digit growth in Catalina Health Resource and
International were offset by a revenue decline at Catalina
Marketing Services," chief executive officer, Dick Buell commented.
"We remain focused on our long-term growth objectives as we
continue to make steady progress with the introduction of new
products and services and entry into new channels. The results of
our efforts should begin to appear in CMS results during the fourth
quarter of this fiscal year." Summary of Segment Results -0- *T
----------------------------------------------------------------------
Three Months Ended Three Months Ended September 30, 2005 September
30, 2004 (In millions) Revenues Income/(Loss) Revenues
Income/(Loss) Catalina Marketing Services $ 60.6 $ 16.0 $ 66.1 $
18.9 Catalina Health Resource 22.9 5.0 19.2 2.8 Catalina Marketing
International 19.3 2.4 16.9 2.1 Corp / Eliminations 0.0 (3.7) 0.2
(4.9) --------------------------------------------- From Continuing
Operations $ 102.8 $ 19.7 $ 102.4 $ 18.9
--------------------------------------------- Discontinued
Operations $ - $ - $ - $ 1.4
--------------------------------------------- Consolidated $ 102.8
$ 19.7 $ 102.4 $ 20.3 =============================================
Three Months Ended September 30, 2005 Percent Change Revenues
Income/(Loss) Catalina Marketing Services (8.3%) (15.1%) Catalina
Health Resource 19.3% 78.8% Catalina Marketing International 14.0%
15.1% Corp / Eliminations (99.1%) (25.5%) ----------------------
From Continuing Operations 0.4% 4.7% ----------------------
Discontinued Operations - (100.0%) ----------------------
Consolidated 0.4% (2.6%) ====================== Six Months Ended
Six Months Ended September 30, 2005 September 30, 2004 (In
millions) Revenues Income/(Loss) Revenues Income/(Loss) Catalina
Marketing Services $ 118.3 $ 30.8 $ 129.5 $ 35.0 Catalina Health
Resource 41.4 7.8 37.1 3.8 Catalina Marketing International 34.9
3.1 31.1 2.9 Corp / Eliminations 0.0 (8.3) 0.1 (9.5)
------------------------------------------ From Continuing
Operations $ 194.6 $ 33.4 $ 197.8 $ 32.2
------------------------------------------ Discontinued Operations
$ - $ - $ - $ (1.0) ------------------------------------------
Consolidated $ 194.6 $ 33.4 $ 197.8 $ 31.2
========================================== Six Months Ended
September 30, 2005 Percent Change Revenues Income/(Loss) Catalina
Marketing Services (8.6%) (12.0%) Catalina Health Resource 11.8%
101.9% Catalina Marketing International 12.0% 8.4% Corp /
Eliminations (92.4%) (12.8%) ---------------------- From Continuing
Operations (1.6%) 3.7% ---------------------- Discontinued
Operations - 100.0% ---------------------- Consolidated (1.6%) 7.1%
======================
----------------------------------------------------------------------
*T Stock Repurchases During the second quarter, the company
repurchased 1,171,900 shares of its common stock for a total of
$28.3 million, at an average price of $24.13 per share. Since the
beginning of the fiscal year, the company has purchased 2,865,200
shares of its common stock for a total of $70.1 million, at an
average price of $24.47 per share. The company currently has
authorization to repurchase an additional $85.7 million of common
stock under the August 2005 Board of Directors authorization.
Webcast & Investor Conference Scheduled The company will host a
webcast on Thursday, October 27, 2005 at 8:00 a.m. EDT to discuss
its financial results for its fiscal year 2006 second quarter. The
webcast may be accessed at
http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=POS&script=1000
and will be available for replay from Thursday, October 27, 2005
through Thursday, November 24, 2005. Rick Frier, chief financial
officer, will also present at the First Analysis Investment
Conference at the New York Palace Hotel in New York City on
November 17, 2005. The presentation will be webcast and will be
accessible through the Investor Relations Calendar of Events
section of the company's web site at
http://www.catalinamarketing.com -0- *T Catalina Marketing
Corporation Selected Operating Data (in thousands, except per share
amounts)
----------------------------------------------------------------------
Periods Ended September 30 Three Months Six Months 2005 2004 2005
2004 Revenues $102,756 $102,372 $194,610 $197,774 Direct Operating
Expenses 32,318 32,015 63,002 65,803 Selling, General and
Administrative 29,622 28,517 59,423 57,340 Depreciation and
Amortization 8,722 10,604 18,227 22,158 -------- -------- --------
-------- Income from Operations 32,094 31,236 53,958 52,473 Other
Income (Expense) (242) 125 (69) (267) Provision for Income Taxes
12,104 12,508 20,478 19,990 -------- -------- -------- --------
Income from Continuing Operations 19,748 18,853 33,411 32,216
Income (Loss) from Discontinued Operations - 1,426 - (1,011)
--------- --------- --------- --------- Net Income $ 19,748 $
20,279 $ 33,411 $ 31,205 ======== ======== ======== ========
----------------------------------------------------------------------
Earnings Per Share, Basic: Earnings Per Share from Continuing
Operations $ 0.41 $ 0.36 $ 0.67 $ 0.62 Income (Loss) from
Discontinued Operations $ - $ 0.03 $ - $ (0.02) -------- --------
-------- -------- Net Income Per Common Share $ 0.41 $ 0.39 $ 0.67
$ 0.60 Weighted Average Shares Outstanding 48,709 52,231 49,625
52,233
----------------------------------------------------------------------
Earnings Per Share, Diluted: Earnings Per Share from Continuing
Operations $ 0.40 $ 0.36 $ 0.67 $ 0.62 Income (Loss) from
Discontinued Operations $ - $ 0.03 $ - $ (0.02) -------- --------
-------- -------- Net Income Per Common Share $ 0.40 $ 0.39 $ 0.67
$ 0.60 Weighted Average Shares Outstanding 48,996 52,311 49,927
52,269 ------------------------------- --------- ---------
--------- -------- Catalina Marketing Corporation Selected Other
Data (in thousands, except store data)
----------------------------------------------------------------------
September 30 September 30 2005 2004 Selected Balance Sheet and Cash
Flow Data (in thousands): Cash $ 22,731 $ 97,345 Debt 34,779 65,504
Stockholders' Equity 146,442 200,126 Cash Flows from Operating
Activities Quarter / YTD 17,575 / 31,762 40,604 / 42,470 Capital
Expenditures Quarter / YTD 16,110 / 24,594 4,034 / 6,175 Catalina
Marketing Services: Number of Stores at Quarter End 16,693 17,644
Net Stores (Deinstalled) Installed During Quarter / YTD (888) /
(916) 37 / 40 Promotions Printed During Quarter / YTD (in millions)
744 / 1,457 846 / 1,584 Weekly Shopper Reach at Quarter End (in
millions) 211 216 Catalina Health Resource: Number of Stores at
Quarter End 12,404 12,081 Net Stores Installed (Deinstalled) During
Quarter / YTD (47) / (19) 72 / 152 Catalina Marketing
International: Number of Stores at Quarter End 6,699 5,700 Net
Stores Installed During Quarter / YTD 696 / 792 102 / 155
Promotions Printed During Quarter / YTD (in millions) 279 / 488 220
/ 412 Weekly Shopper Reach at Quarter End (in millions) 72 63
----------------------------------------------------------------------
*T Based in St. Petersburg, FL, Catalina Marketing Corporation
(www.catalinamarketing.com) was founded 20 years ago based on the
premise that targeting communications based on actual purchase
behavior would generate more effective consumer response. Today,
Catalina Marketing combines unparalleled insight into consumer
behavior with dynamic consumer access. This combination of insight
and access provides marketers with the ability to execute
behavior-based marketing programs, ensuring that the right consumer
receives the right message at exactly the right time. Catalina
Marketing offers an array of behavior-based promotional messaging,
loyalty programs and direct-to-patient information. Personally
identifiable data that may be collected from the company's targeted
marketing programs, as well as its research programs, are never
sold or provided to any outside party without the express
permission of the consumer. Certain statements in the preceding
paragraphs are forward-looking, and actual results may differ
materially. Statements not based on historic facts involve risks
and uncertainties, including, but not limited to, the changing
market for promotional activities, especially as it relates to
policies and programs of consumer packaged goods and pharmaceutical
manufacturers and retailers and competition to provide marketing
services to these customers, mergers and consolidations in the
consumer packaged goods and retailer industries, federal, state and
international government and regulatory statutes, rules,
regulations and policies including privacy and labeling, the effect
of economic conditions and seasonal variations, actual promotional
activities and programs with the company's customers, the pace,
cost and challenges associated with the installation of the
company's store network and changes in the status of contractual
relations with retailers, the success of new services and
businesses and the pace of their implementation including the entry
into new retail channels, the company's ability to maintain
favorable relationships with its clients and retailers, the outcome
and impact of an ongoing SEC investigation into certain of the
company's prior fiscal years, and the outcome and impact of the
pending shareholder class action and derivative lawsuits.
Catalina (NYSE:POS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Catalina (NYSE:POS)
Historical Stock Chart
From Jul 2023 to Jul 2024