Cass Information Systems, Inc. (NASDAQ:CASS), the nation's leading provider of transportation, utility, telecom and environmental invoice payment and information services, reported record second quarter 2012 earnings of $.57 per diluted share, a 4% increase over the $.55 per diluted share it earned in the second quarter of 2011. Net income for the period was $6.0 million, a 4% increase over the $5.7 million reported in 2011.
2 nd Quarter
|Transportation Dollar Volume||$5.7 billion||$5.3 billion||7.7||$11.0 billion||$9.8 billion||12.4|
|Utility Dollar Volume||$2.5 billion||$2.6 billion||(4.1)||$5.0 billion||$5.2 billion||(3.9)|
|Revenues||$28.4 million||$26.6 million||6.8||$56.8 million||$52.7 million||7.9|
|Net Income||$6.0 million||$5.7 million||3.9||$11.9 million||$11.5 million||3.6|
|Diluted Earnings per Share||$.57||$.55||3.6||$1.13||$1.10||2.7|
2012 2nd Quarter Recap
Transportation dollar volume increased more than 7%. Utility dollar volume was down 4% primarily due to generally mild weather across most of North America which decreased consumption. Overall, revenues for the quarter grew to $28.4 million, a 7% increase over the $26.6 million posted in 2011.
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