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The Dolan Company Reports Second Quarter 2013 Results

This guidance excludes the effect of any M&A activity during the remainder of 2013. It also assumes that there will be no additional material effect on results of operations from current or future government legislation, programs or investigations, or from lender-based programs or moratoria. These include, but are not limited to, programs, legislation, investigations and moratoria detailed in the “Regulatory Environment” and “Risk Factors” sections of the company’s SEC reports, including its annual report on Form 10-K for the year ended December 31, 2012, which was filed on March 8, 2013, and Form 10-Q for the quarter ended June 30, 2013, which the company expects to file today.

Second Quarter 2013

Financial results for the three months ended June 30, 2013, and 2012 are as follows:

Dollars in thousands, except per share data    

Three Months Ended June 30, 2013(unaudited)

   

Three Months Ended June 30, 2012(unaudited)

   

Year-over- Year % Change

Total revenues $ 47,461 $ 41,804

13.5%

Professional Services Division revenues 30,864 23,473

31.5%

Business Information Division revenues 16,597 18,331

(9.5)%

Operating (loss) income (24,751) 11,246

(320.1)%

Net (loss) income attributable to The Dolan Company (140,384) 4,917

(2,955.1)%

Adjusted EBITDA * 8,360 7,294

14.6%

(Loss) income from continuing operations attributable to The Dolan Company per diluted share

$

(2.39)

$

0.16

(1,593.8)%

Cash earnings * 2,935 1,595

84.0%

Cash earnings per diluted share * $ 0.10 $ 0.05

100.0%

* Please refer to the “Non-GAAP Financial Measures” below for a reconciliation of these non-GAAP financial measures to GAAP and why the company believes these are important measures of its performance.

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