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The Dolan Company Reports Second Quarter 2012 Results

Full Year 2012 Guidance

Based on second quarter results and the outlook for the remainder of 2012, the company is revising its full-year financial guidance as follows:

     
  2012 Financial Guidance

(dollars in millions, except per share

numbers)

   

 

Total revenues   $265 – $278
Adjusted EBITDA   $43 – $51
Net income attributable to The Dolan Company per diluted share   $0.23 – $0.38
Cash earnings per diluted share   $0.49 - $0.63
 

This guidance presumes the following: 1) a modest increase in second half default mortgage processing servicing revenue due to modest increases in file volumes and service fee increases; 2) non-controlling interest of ($0.2)-$0.4 million; 3) interest expense of $8.2-$8.7 million; 4) cash distributions to holders of non-controlling interest of $0; 5) tax rate of 41.6%-42.1%; and 6) fully diluted shares outstanding of 30.4 million.

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