On an adjusted non-GAAP basis, diluted earnings per share for the quarter were $1.05 per share, that's a decrease of $0.02 or 1.9% from the fourth quarter of 2010. Consolidated operating revenues for the quarter were $457.3 million, that's an increase of $32.4 million or 7.6% from 2010. That, of course, reflects the inclusion of ALPS, the Lateral Group and Newkirk. Overall, consolidated operating income decreased by $4.2 million or 5.7% from the fourth quarter of 2010.DST's employee healthcare and retirement benefit costs were $7.6 million lower in the fourth quarter of '11, as compared to the fourth quarter of 2010. $4.2 million of that decrease was included in the Financial Services segment, and $3.4 million was included in the Output Solutions segment. This decrease in healthcare cost resulted from the absence of some large healthcare claims last year and favorable healthcare claim experience for 2011. When we look at the past history and the current plan designs, we now think this is a trend of favorable experience that you can extrapolate into 2012, but that is the comparative data for '10 and '11.
DST Systems' CEO Discusses Q4 2011 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.