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Total System Services, Inc.
One TSYS Way
P.O. Box 2567
Columbus, GA 31902-2567
For immediate release:
TSYS Investor Relations
TSYS Reports 2015 Adjusted EPS Grew 25.5%
Provides 2016 Adjusted EPS and Revenue Guidance
COLUMBUS, Ga., January 26, 2016 TSYS (NYSE: TSS) today reported results for the 2015 fourth quarter and full year.
We were especially pleased with our operational performance and 12.9% revenue growth in the fourth quarter. Our full year financial results for 2015 were outstanding and they marked the third year in a row of double digit growth in revenues, adjusted operating income and adjusted earnings per share, said M. Troy Woods, chairman, president and chief executive officer of TSYS.
We repurchased 3.0 million shares of our stock in the fourth quarter for $158.6 million, bringing the total for the year to 5.2 million shares for $242.1 million. Including our dividends of $73.7 million, we returned $315.8 million to our shareholders, which was in excess of 92% of available free cash flow for the year and an increase of 31.5% over 2014, said Woods
Highlights for the full year of 2015 include:
|||Adjusted EPS from continuing operations were $2.46, an increase of 25.5%. On a GAAP basis, basic EPS from continuing operations were $1.97, an increase of 33.3%.|
|||Excluding the impact from discrete tax items of approximately $0.13 per share full year, adjusted EPS was $2.33, an increase of 19.0%.|
|||Income from continuing operations attributable to TSYS shareholders was $362.6 million, an increase of 31.8%.|
|||Adjusted EBITDA was $833.9 million, an increase of 17.1%.|
|||Total revenues were $2.8 billion, an increase of 13.6%. Revenues before reimbursable items were $2.5 billion, an increase of 14.0%.|
|||Adjusted operating margin was 26.7%. GAAP operating margin was 19.2%.|
The following information was filed by Total System Services Inc (TSS) on Tuesday, January 26, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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