Convergys Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Revenue Guidance for the Year 2019
For six months, total revenues were $1,323.6 million against $1,414.4 million a year ago. Operating income was $58.5 million against $97.6 million a year ago. Income before income taxes was $51.4 million against $90.9 million a year ago. Net income was $43.7 million against $77.7 million a year ago. Diluted earnings per common share were $0.44 against $0.77 a year ago. Adjusted operating income was $109.9 million against $129.4 million a year ago. Adjusted income before income taxes was $102.8 million against $122.7 million a year ago. Adjusted net income was $76.1 million against $98.2 million a year ago. Adjusted Diluted EPS was $0.77 against $0.98 a year ago. EBITDA was $118.9 million against $169.5 million a year ago. Adjusted EBITDA was $156.2 million against $184.9 million a year ago. Net cash provided by operating activities was $71.3 million against $122.4 million a year ago. Capital expenditures were $17.6 million against $27.9 million a year ago. Net debt totaled $56 million at June 30, 2018, compared with $81 million at March 31, 2018, and $115 million at the end of the second quarter last year.
For the year 2019, the company expects to deliver $163 million in 2019 revenue.