Safeguard Scientifics (SFE) Tops Q4 EPS by 36c

Safeguard Scientifics (NYSE: SFE) reported Q4 EPS of ($0.03), $0.36 better than the analyst estimate of ($0.39).

"We are pleased with what we accomplished in 2019. The most significant milestone we accomplished in 2019 was the $1.00 per share return of capital dividend we paid in December," said Brian J. Sisko, Safeguard's President and CEO. "Most importantly, we continue to hold a valuable portfolio of ownership interests representing $230 million of deployed capital in 15 tech-enabled companies and all other ownership interests. The companies continue to mature and we are well-positioned to capitalize on exit opportunities that will create value for our shareholders. We remain on course with the timetable we outlined at the outset of our current strategy."

OUTLOOK

"Now that all of our debt has been repaid, and given our current liquidity position, virtually all proceeds from monetization events will be available for return of value to our shareholders" said Mark A. Herndon, Safeguard's Senior Vice President and Chief Financial Officer. "We will judiciously make deployments to protect our existing ownership interests as and where appropriate." Corporate expenses for the year ended December 31, 2020 are forecasted to continue to decline and are expected to range from $6.4 to $6.8 million as compared to $7.1 million for the year ended December 31, 2019. Follow-on funding requirements for the full year of 2020 are forecasted to be between $5 and $10 million.

For earnings history and earnings-related data on Safeguard Scientifics (SFE) click here.

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