DST Systems (DST)
Q1 2012 Earnings Call
May 01, 2012 8:00 am ET
Thomas A. McDonnell - Chief Executive Officer and Director
David J. Koning - Robert W. Baird & Co. Incorporated, Research Division
James F. Kissane - Crédit Suisse AG, Research Division
Good morning, and welcome to the DST Systems Incorporated Q1 2012 Earnings Conference Call. [Operator Instructions] Now, I would like to turn the conference over to our host, Mr. Tom McDonnell. Please go ahead.
Thomas A. McDonnell
Good morning. I'm joined here in Kansas City by Steve Hooley, President, COO; and Ken Hager, our CFO.
But before beginning, I'd like to remind everyone that in the course of our conference call today, we will make forward-looking statements regarding DST or some of its businesses. Such statements are based on our views of today, and actual results could differ materially from forecasted results. Could be a number of factors affecting future results, including those risk factors set forth in our latest annual and quarterly reports, which we file with the SEC. All such factors should be considered in evaluating any forward-looking statements that we make. Since participants on the call have access to our detailed earnings release, we'll focus our comments on those items that we think are most significant.
As a reminder, all of our comments on our financial results refer to our non-GAAP results. A reconciliation to the most comparable GAAP measures have been provided in the first quarter earnings release.
On an adjusted non-GAAP basis, diluted earnings per share for the quarter were $1.05. That compared to $1.08 for the first quarter of 2011. Consolidated operating revenues came in at $475.9 million. That was an increase of $49.9 million or 11.7% from the 2011 period. And that reflects the inclusion of ALPS, the Lateral Group and Newkirk. This is the first full quarter of inclusion of ALPS revenues.