Blucora, Inc. (BCOR) Tops Q4 EPS by 1c, Slight Miss on Revenues

Blucora, Inc. (NASDAQ: BCOR) reported Q4 EPS of ($0.16), $0.01 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $101.3 million versus the consensus estimate of $101.88 million.

• Increased total revenue by 10% year-over-year
• Grew GAAP Net income by 87%, Adjusted EBITDA by 19%, Non-GAAP net income by 36%
• Achieved record advisory net flows at HD Vest, approaching $1 billion
• Recorded 21st consecutive year of revenue growth at TaxAct, growing 16% year-over-year
• Utilized strong cash flow generation to eliminate $80 million in debt, reducing net leverage ratio to 1.5x from 2.8x
• Completed clearing transition expected to generate more than $120 million in incremental HD Vest segment income over 10-year term

“Strong net flows in the fourth quarter helped cap an excellent year for Blucora,” said John Clendening, Blucora’s President and Chief Executive Officer. “For the full year 2018 we generated outstanding financial results, achieving double-digit growth in revenue, earnings and cash flow, while hitting records in key metrics such as advisory flows. At the same time, we strengthened our balance sheet, our platform and our team, laying the groundwork to capture the significant opportunities we see ahead.”

For earnings history and earnings-related data on Blucora, Inc. (BCOR) click here.

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