This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Navigant Reports First Quarter 2014 Financial Results

Stocks in this article: NCI

Navigant (NYSE:NCI) today announced financial results for the first quarter ended March 31, 2014.

Financial Summary and Highlights:

  • First quarter 2014 revenues before reimbursements (RBR) of $175.1 million and total revenues of $197.7 million.
  • Net income from continuing operations of $10.4 million or $0.21 per share; adjusted EPS of $0.20; adjusted EBITDA of $22.3 million.
  • Free cash flow of $18.5 million.
  • Repurchased 408,992 shares of common stock in first quarter 2014 at an average cost of $18.07 per share.
  • Reiterates financial outlook for 2014.

Navigant reported first quarter 2014 RBR of $175.1 million compared to $183.1 million for first quarter 2013. Total revenues for the Company were $197.7 million for first quarter 2014 compared to $209.5 million for first quarter 2013. Net income from continuing operations for first quarter 2014 was $10.4 million, or $0.21 per share, compared to $13.1 million, or $0.26 per share, in the prior year quarter. Adjusted EPS was $0.20 for first quarter 2014 compared to $0.26 for first quarter 2013. Adjusted EBITDA was $22.3 million for first quarter 2014 compared to $29.0 million. Adjusted EBITDA margin (adjusted EBITDA as a percentage of RBR) was 13% for first quarter 2014.

“Our first quarter results positioned us to deliver on our previously stated financial objectives for the company for the 2014 full year. First quarter 2014 RBR was similar to fourth quarter 2013 RBR as we had anticipated, and our profit margins reflected investments we made in expertise and capabilities in both organic and external growth initiatives,” commented Julie Howard, Chief Executive Officer. “While RBR was on target overall for the company, our Energy segment experienced slower growth than expected. We believe the Energy segment will regain its growth momentum with the addition of a new leader who is focused on realigning certain offerings against demand.”

1 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs