This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Intersections Inc. Reports Fourth Quarter And Full Year 2012 Earnings And Issues Full Year 2013 Guidance

Intersections Inc. (NASDAQ: INTX) today announced financial results for the quarter and year ended December 31, 2012. Revenue for the year ended December 31, 2012 was $349.2 million, as compared to $373.0 million for the year ended December 31, 2011. Consolidated adjusted EBITDA before share related compensation and non-cash asset impairment charges for the year ended December 31, 2012 was $58.7 million, compared to $52.1 million for the year ended December 31, 2011. Net income for the year ended December 31, 2012 was $19.7 million, as compared to $18.6 million for the year ended December 31, 2011. Cash flow provided by operations for the year ended December 31, 2012 was $48.9 million. Diluted earnings per share increased to $1.04 for the year ended December 31, 2012, from $0.97 for year ended December 31, 2011.

As of December 31, 2012, we had a cash balance of $25.6 million and $30.0 million of available borrowings under our revolving credit facility, which we recently amended to extend the maturity date to November 2015. During the year ended December 31, 2012, we paid down the $20.0 million balance on our revolving credit facility. In addition, on March 15, 2013, we paid an ordinary cash quarterly cash dividend of $0.20 per share of common stock, which represents our 11th consecutive ordinary quarterly dividend. Based on the closing price on March 15, 2013 of $10.85 per share, our quarterly cash dividend represents an effective annual dividend yield of 7.4%.

Michael Stanfield, Chairman and Chief Executive Officer of Intersections commented, “We are pleased with the strength of our results in 2012, and remain confident in the value and quality of our products despite the significant reduction in marketing by our traditional financial services industry clients. As a result of changes in the financial services marketplace, we are increasing our focus on non-financial institution clients, consumer direct marketing, and diversified business investments going forward and believe this will lead to a stronger, more diversified Intersections in the years to come.”

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,081.89 -49.97 -0.29%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,796.6090 -42.0340 -0.87%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs