J2 Global (JCOM) Tops Q4 EPS by 8c, Revenues Beat; FY19 EPS Mid-Point Guidance Above Consensus, FY19 Revenue Guidance Above Consensus

J2 Global (NASDAQ: JCOM) reported Q4 EPS of $2.11, $0.08 better than the analyst estimate of $2.03. Revenue for the quarter came in at $346.1 million versus the consensus estimate of $342.14 million.

FOURTH QUARTER 2018 RESULTS

• Q4 2018 quarterly revenues increased 9.4% to a Q4 record of $346.1 million compared to $316.4 million for Q4 2017.
• Net cash provided by operating activities increased 25.5% to $107.2 million compared to $85.4 million for Q4 2017. Q4 2018 free cash flow(1) increased 27.2% to $95.8 million compared to $75.3 million for Q4 2017.
• GAAP earnings per diluted share(2) increased 1.0% to $1.03 in Q4 2018 compared to $1.02 for Q4 2017.
• Adjusted non-GAAP earnings per diluted share(2)(3) for the quarter increased 17.9% to $2.11 compared to $1.79 for Q4 2017.
• GAAP net income increased 1.4% to $50.6 million in Q4 2018 compared to $49.9 million for Q4 2017.
• Quarterly Adjusted EBITDA(4) increased 8.7% to $154.3 million in the quarter compared to $141.9 million for Q4 2017.
• j2 ended the quarter with approximately $293.3 million in cash and investments after deploying approximately $184 million during the quarter for acquisitions, j2’s regular quarterly dividend, and share buyback.

“We accomplished a great deal in 2018 including significant leadership additions across the company; the addition of great businesses to our portfolio including Vipre, Line2, Prime, and Ekahau; and another record year in revenues, full year Adjusted non-GAAP EPS and free cash flows,” said Vivek Shah, CEO of j2 Global. “We continue to be excited by our growing portfolio of internet information and services brands and are pleased to report our first open-market share buyback since 2012.”

GUIDANCE:

J2 Global sees FY2019 EPS of $6.65-$6.95, versus the consensus of $6.75. J2 Global sees FY2019 revenue of $1.29-1.33 billion, versus the consensus of $1.28 billion.

For earnings history and earnings-related data on J2 Global (JCOM) click here.

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