NSR
$33.35
Neustar
Earnings Details
1st Quarter March 2017
Thursday, May 04, 2017 4:15:00 PM
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Summary

Neustar (NSR) Recent Earnings

Neustar (NSR) reported 1st Quarter March 2017 earnings of $0.82 per share on revenue of $293.2 million.. Revenue grew 2.0% on a year-over-year basis.

NeuStar Inc is provider of real time information services & data analytics. It operates data registries & delivers actionable, data-driven insights that help clients make business decisions in real time.

Results
Reported Earnings
$0.82
Earnings Whisper
-
Consensus Estimate
Reported Revenue
$293.2 Mil
Revenue Estimate
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Neustar Reports Results for First Quarter 2017

Neustar, Inc. (NSR), a trusted, neutral provider of real-time information services, today announced results for the quarter ended March 31, 2017.

Neustar reported revenue of $293.2 million for the first quarter of 2017, with Information Services revenue of $164.9 million. Marketing Services contributed $65.0 million in revenue from services that help customers promote their businesses and mitigate risk. Security Services contributed $46.9 million in revenue from services that direct Internet traffic, resolve Internet queries, protect against DDoS attacks, and administer domain-name registries. Data Services contributed $53.0 million in revenue from services that enable clients to process decisions and transactions in real time. NPAC Services contributed $128.3 million in revenue.

Net income for the first quarter of 2017 totaled $45.4 million, or $0.80 per share.

Neustar ended the quarter with cash and cash equivalents of $47.0 million and outstanding debt under its credit facilities and senior notes of $751.6 million. During the quarter, Neustar paid $77.4 million of principal under its term loan facility, including $50.0 million in voluntary prepayments of principal.

This press release is available on the company’s website under the Investor Relations tab.

About Neustar, Inc.

Every day, the world generates roughly 2.5 quadrillion bits of data. Neustar isolates certain elements and analyzes, simplifies and edits them to make precise and valuable decisions that drive results. As one of the few companies capable of knowing with certainty who is on the other end of every interaction, we’re trusted by the world’s great brands to make critical decisions some 20 billion times a day. We help marketers send timely and relevant messages to the right people. Because we can authoritatively tell a client exactly who is calling or connecting with them, we make critical real-time responses possible. And the same comprehensive information that enables our clients to direct and manage orders also stops attackers. We know when someone isn’t who they claim to be, which helps stop fraud and denial of service before they’re a problem. Because we’re also an experienced manager of some of the world’s most complex databases, we help clients control their online identity, registering and protecting their domain name, and routing traffic to the correct network address. By linking the most essential information with the people who depend on it, we provide more than 11,000 clients worldwide with decisions-not just data. More information is available at www.neustar.biz.

NEUSTAR, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
Three Months Ended
March 31,
2016
2017
(unaudited)
Revenue
$ 287,298
$ 293,186
Operating expense:
Cost of revenue (excluding depreciation and amortization shown
91,351
87,916
separately below)
Sales and marketing
55,323
56,557
Research and development
7,549
6,672
General and administrative
27,518
28,360
Depreciation and amortization
38,482
34,927
Restructuring charges
2,664
27
Separation costs
--
1,789
222,887
216,248
Income from operations
64,411
76,938
Other (expense) income:
Interest and other expense
(17,111 )
(12,271 )
Interest income
174
72
Income before income taxes
47,474
64,739
Provision for income taxes
16,099
19,296
Net income
$
31,375
$
45,443
Net income per common share:
Basic
$
0.58
$
0.82
Diluted
$
0.57
$
0.80
Weighted average common shares outstanding:
Basic
53,953
55,311
Diluted
54,940
57,022
NEUSTAR, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
December 31,
March 31,
2016
2017
(audited)
(unaudited)
ASSETS
Current assets:
Cash and cash equivalents
$
45,773
$
47,048
Restricted cash
2,283
2,141
Accounts receivable, net
207,595
188,930
Unbilled receivables
19,795
15,618
Prepaid expenses and other current assets
41,680
35,867
Deferred costs
11,469
10,909
Income taxes receivable
13,586
612
Total current assets
342,181
301,125
Property and equipment, net
145,821
149,363
Goodwill
1,168,982
1,172,792
Intangible assets, net
423,957
405,429
Other assets, long-term
17,771
16,670
Total assets
$ 2,098,712
$ 2,045,379
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable
$
21,095
$
22,569
Accrued expenses
134,545
97,959
Deferred revenue
91,188
96,035
Notes payable
103,725
89,219
Capital lease obligations
1,457
470
Other liabilities
11,632
9,306
Total current liabilities
363,642
315,558
Deferred revenue, long-term
22,437
22,850
Notes payable, long-term
702,946
642,750
Deferred income tax liabilities, long-term
35,088
41,131
Other liabilities, long-term
53,298
53,257
Total liabilities
1,177,411
1,075,546
Total stockholders’ equity
921,301
969,833
Total liabilities and stockholders’ equity
$ 2,098,712
$ 2,045,379

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20170504005940r1&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: http://www.businesswire.com/news/home/20170504005940/en/

SOURCE: Neustar, Inc.

Neustar, Inc.
Investor Relations Contact:
Dave Angelicchio, 571-434-3443
InvestorRelations@neustar.biz
or
Press Contact:
Carolin Bachmann, 415-659-6466
PR@neustar.biz