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Doug Gerlach
Cambridge, MA
http://www.iclub.com/
President, ICLUBcentral
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| 01/25/2007 11:51 AM |
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ST. LOUIS--(BUSINESS WIRE)--Jan. 24, 2007--TALX Corporation (NASDAQ: TALX) today reported that fiscal third-quarter diluted earnings per share from continuing operations increased 23 percent to $0.27, which includes share-based compensation expense of $0.02, from the year-ago $0.22 per diluted share. The improvement in earnings from continuing operations to $8.7 million from $7.4 million reflected strong performance in both The Work Number(R) services and tax management services. Results also benefited from the company's ongoing emphasis on cost control, as demonstrated by the rate of increase in gross profit outpacing the year-over-year revenue increase.
Third-quarter revenues increased 24 percent to $65.0 million from $52.3 million the year before. The Work Number services' revenues rose 18 percent, and revenues for the tax management services business increased 15 percent from year-ago levels. The 2007 third quarter also benefited from $4.4 million in revenues from the company's April 6, 2006, acquisition of Performance Assessment Network, Inc., or pan.
Gross profit for the third quarter expanded 26 percent to $41.9 million from $33.1 million. Gross margin improved 110 basis points to 64.4 percent from 63.3 percent the year before, despite the impact of expenses related to share-based compensation, which negatively affected gross margin by 25 basis points in the 2007 third quarter. Gross profit for The Work Number services increased 23 percent to $20.9 million from $17.0 million. Gross profit for the tax management services business rose 19 percent to $18.8 million from $15.8 million, and gross profit for talent management services was $1.8 million.
See the full release at http://investor.talx.com/phoenix.zhtml?c=74399&p=irol-newsArticle&ID=953923&highlight=
Doug |
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Posting from ICLUBcentral world headquarters in the Harvard Square's historic College House, Cambridge, MA
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