Cass Information Systems, Inc. (NASDAQ:CASS) , the nation's leading provider of transportation, utility, telecom and environmental invoice payment and information services, reported third quarter 2012 earnings of $.58 per diluted share, matching earnings reported in the third quarter of 2011. Net income for the period was $6.1 million, identical to 2011 results.
|Transportation Dollar Volume||$5.6 billion||$5.4 billion||2.9||$16.6 billion||$15.3 billion||9.0|
|Utility Dollar Volume||$2.8 billion||$2.9 billion||(5.2)||$7.8 billion||$8.2 billion||(4.3)|
|Revenues||$27.9 million||$27.3 million||2.1||$84.8 million||$80.0 million||5.9|
|Net Income||$6.1 million||$6.1 million||.5||$18.0 million||$17.5 million||2.5|
|Diluted Earnings per Share||$.58||$.58||
2012 3rd Quarter Recap
Increased activity from base customers and new customers helped transportation dollar volume increase 3%. Utility dollar volume was down 5%, primarily due to lower rates for electricity and natural gas. Overall, year-to-year quarterly revenues grew 2% from $27.3 million to $27.9 million.
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