National Research Corporation Announces Fourth Quarter And Year-End 2012 Results

LINCOLN, Neb., Feb. 12, 2013 (GLOBE NEWSWIRE) -- National Research Corporation (Nasdaq:NRCI) today announced results for the fourth quarter and year-end 2012.

Fourth Quarter

• Net new sales of $5.9 million
• Revenue up 15% to $22.0 million
• Net income up 18% to $3.7 million
• Diluted earnings per share of $0.53, up 15%

Year-end 2012

• Total contract value at $94.5 million
• Revenue up 14% to $86.4 million
• Net income up 30% to $15.1 million
• Diluted earnings per share of $2.17, up 28%

Commenting on the fourth quarter and year-end results, Michael D. Hays, chief executive officer of National Research Corporation, said, "We clearly ended the year strong, which continues our positive performance trends of the past several years. With sales and client retention at record levels, combined with a robust new product pipeline, the prospects for 2013 are very bright."

Revenue for the quarter ended December 31, 2012, was $22.0 million, compared to $19.1 million for the same quarter in 2011. Net income for the quarter ended December 31, 2012, was $3.7 million, or $0.54 per basic share and $0.53 per diluted share, compared to $3.1 million for the fourth quarter 2011, or $0.47 per basic share and $0.46 per diluted share.

Revenue for the year ended December 31, 2012, was $86.4 million, compared to $75.8 million for the same period in 2011, an increase of 14%. Net income for the year ended December 31, 2012, was $15.1 million or $2.22 per basic share and $2.17 per diluted share, compared to $11.6 million for the year ended December 31, 2011, or $1.73 per basic share and $1.69 per diluted share.

In closing, Kevin Karas, chief financial officer of National Research Corporation, said, "We are very pleased with the financial performance in both the fourth quarter and full year that has been achieved as a result of our current business model. In particular, we are very encouraged with our continued trend of double-digit organic revenue growth and the increase in operating margin in 2012."

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