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Cass Information Systems, Inc. Reports Record 3rd Quarter 2011 Earnings With 8.5% Increase Over Q3 2010

Stocks in this article: CASS

Cass Information Systems, Inc. (NASDAQ:CASS), the nation's leading provider of transportation, utility and telecom invoice payment and information services, reported record third quarter 2011 earnings of $.64 per diluted share, an 8.5% increase over the $.59 per diluted share earned in the third quarter of 2010. Net income for the period was $6.1 million, an 8.6% increase over the $5.6 million reported in 2010.

 
  3 rd Quarter  

%

  YTD  

%

    2011   2010   Change   2011   2010   Change
Transportation Dollar Volume   $5.4 billion   $4.5 billion   20.1   $15.3 billion   $12.5 billion   22.2
Utility Dollar Volume   $2.9 billion   $2.9 billion   2.0   $8.2 billion   $7.9 billion   3.1
Revenues   $27.3 million   $24.7 million   10.7   $80.0 million   $71.2 million   12.4
Net Income   $6.1 million   $5.6 million   8.6   $17.5 million   $15.2 million   15.0
Diluted Earnings per Share   $.64   $.59   8.5   $1.85   $1.61   14.9
   

2011 3 rd Quarter Recap

Increased activity from both base customers and new customers helped transportation dollar volume surge more than 20%, with utility dollar volume up 2%. Overall, revenues for the quarter grew to $27.3 million, an 11% increase over the $24.7 million posted in 2010.

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