H&R Block (HRB) Tops Q4 EPS by 20c

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H&R Block Reports Improved Results for Fiscal 2018 and Dividend Increase; To Provide Outlook for Fiscal 2019

June 12, 2018 4:15 PM EDT

Revenues increased 4 percent to $3.2 billion1 driven by improvement in the company's U.S. Assisted and do-it-yourself (DIY) businessesPretax income increased 6% to $669 million; earnings per share from continuing operations2 increased $1.02, or 52 percent, to $2.98, due to the increase in pretax income and the company's lower effective tax rate resulting from the recently-enacted federal corporate tax legislationAnnounced a dividend increase to an annual rate of $1.00, or $0.25 per quarter, representing a 4 percent increase over the prior yearCompany will share initial... More