$WU (The Western Union Company)

$WU {{ '2016-02-09T21:24:51+0000' | timeago}} • Announcement

$WU CEO Hikmet Ersek said that Westernunion.com grew full-year 2015 money transfer revenues by 26% in constant currency and raised penetration to 34 countries. The company launched WU ConnectSM, which helps leading third-party digital platforms to offer money transfer services to their users.

$WU {{ '2017-08-14T12:51:36+0000' | timeago}} • Announcement

$WU said it will continue its longstanding relationship with Pay-O-Matic, the largest check casher and financial services provider in the New York metropolitan area. The renewed relationship includes Western Union Money Transfer and money order services, as well as bill payment services.

$WU {{ '2017-07-12T18:36:56+0000' | timeago}} • Announcement

$WU's BoD declared a quarterly cash dividend of $0.175 per common share. The dividend is payable on Sept. 29, 2017 to stockholders of record at the close of business on Sept. 15, 2017.

$WU {{ '2017-06-12T12:14:43+0000' | timeago}} • Announcement

Payment services provider $WU and the Arizona Attorney General said Western Union has successfully completed the secondary recommendations for the Southwest Border program, aimed at combating money laundering. The Superior Court of Arizona accepted the conclusions of an independent monitor’s final report in this regard.

$WU {{ '2017-05-11T19:30:05+0000' | timeago}} • Announcement

The BoD of $WU declared a quarterly cash dividend of $0.175 per common share. The dividend is payable on June 30, 2017 to stockholders of record at the close of business on June 16, 2017.

$WU {{ '2017-05-11T19:19:06+0000' | timeago}} • Announcement

$WU elected Jeffrey Joerres as the company’s Non-executive Chairman of the BoD. Joerres succeeds Jack Greenberg, who after serving as Non-executive Chairman since 2006, has announced his retirement.

$WU {{ '2017-05-02T23:36:02+0000' | timeago}} • Webcast

$WU said the Europe, CIS revenue growth in 1Q17 was consistent with 4Q16. The company had the same level of constant currency growth, 4%, in both quarters. The transaction growth was largely from the Russian market which is at a relatively lower revenue per transaction. This might not continue for 2017 due to some restrictions.

$WU {{ '2017-05-02T23:03:04+0000' | timeago}} • Webcast

$WU expects to see some benefits from cost savings initiatives going through 2017. Most of this benefit will be seen in 2H17. The company believes the FX impact will be less in 2H17. $WU had a marketing benefit in 1Q17 but expects to be back to its normal averages for marketing spend. This leads to roughly 20% adjusted margin for 2017.

$WU {{ '2017-05-02T20:22:17+0000' | timeago}} • Announcement

$WU still sees flat to low single-digit decrease in FY17 revenue with an operating profit margin of 18%, generating GAAP EPS in a range of $1.48 to $1.60 and adjusted EPS of $1.63-1.75. Cash flow from operating activities is touted to be about $200MM for the year.

$WU {{ '2017-05-02T20:18:46+0000' | timeago}} • Announcement

In 1Q17, $WU's cash flow from operating activities totaled $86MM, with an effective tax rate of 24.1%. Operating margin in the quarter was 18.4%, offset by the negative impact of forex and unfavorable customer and funding mix in C2B, partially offset by timing of marketing spend.

$WU {{ '2017-05-02T20:15:19+0000' | timeago}} • Announcement

$WU's revenue was almost flat at $1.3Bil in 1Q17, as the overseas money sender's net income fell 13% to $161.7MM from late year's $185.7MM. Earnings were down 11% to $0.33 per diluted share, as operating incomes of Consumer-to-Consumer fell 2% to $227.6MM and Consumer-to-Business slid 10% to $20.5MM.

$WU {{ '2017-04-05T12:47:17+0000' | timeago}} • Announcement

$WU said U.S. customers using its mobile app can now pay with $AAPL Pay when sending money transfers originating in the U.S. to more than 200 countries and territories worldwide, including domestic bill payments. The capability to pay with Apple Pay for sending money transfers through the $WU app in the U.K. is planned for later this year.

$WU {{ '2017-03-07T13:26:24+0000' | timeago}} • Announcement

A shareholder rights firm Lundin Law PC announced a class action lawsuit against $WU. Investors, who purchased or otherwise acquired $WU securities on the open market between Feb. 24, 2012 and Jan. 19, 2017, both dates inclusive, are advised to contact the firm prior to the March 27, 2017 lead plaintiff deadline.

$WU {{ '2017-02-09T23:08:35+0000' | timeago}} • Webcast

In the Asia Pacific region, $WU's revenue was down 7% or 5% constant currency, while transactions fell 9%. India was the main driver of the weaker trends in the region due to the government's currency demonetization program that began in early Nov. 2016 and impacted cash availability in the country. In India, revenue decreased about 25% in 4Q16.

$WU {{ '2017-02-09T23:03:23+0000' | timeago}} • Webcast

In $WU's C-to-C segment, constant currency benefited from strong growth in Westernunion.com, while geographically results were led by the North America and Latin America regions. Regionally, North America reported strong growth with revenue growth of 7% or 8% on a constant currency basis, while transactions rose 7%.

$WU {{ '2017-02-09T22:59:14+0000' | timeago}} • Webcast

$WU said the company expects business conditions to be similar to last year and is projecting low single digit constant currency revenue growth with continued strong growth from Westernunion.com. In the Consumer-to-Consumer segment, revenue was flat in 4Q16 or increased 3% in constant currency, while transactions grew 2%.

$WU {{ '2017-02-09T21:18:12+0000' | timeago}} • Announcement

$WU expects 2017 EPS of $1.48-1.60 and adjusted EPS of $1.63-1.75. The company predicts GAAP operating margin of about 18% and adjusted operating margin of about 20%. GAAP cash flow from operating activities is expected to be about $200MM.

$WU {{ '2017-02-09T21:16:39+0000' | timeago}} • Announcement

$WU expects 2017 revenue to be flat to low single digit decrease, or low single digit increase constant currency. $WU anticipates the macro environment in 2017 to be largely similar to the prior year, with continued challenges from the impact of a strong U.S. dollar, softness in oil producing markets, and geopolitical disruptions.

$WU {{ '2017-02-09T21:16:25+0000' | timeago}} • Announcement

$WU's BoD declared a quarterly cash dividend of $0.175 per common share, which represents a 9% increase over prior dividend of $0.16, payable on March 31, 2017 to shareholders of record on March 17, 2017. The new $1.2Bil share repurchase authorization will expire on Dec. 31, 2019 and is in addition to $231MM balance at year-end.

$WU {{ '2017-02-09T21:16:12+0000' | timeago}} • Announcement

$WU slipped to a 4Q16 loss from a profit last year, due to settlements charge with federal agencies and expenses on new business transformation program. Net loss was $355MM or $0.73 per share compared to a profit of $212.3MM or $0.42 per share a year ago. Revenue declined 1% to $1.37Bil. Adjusted EPS rose to $0.47 from $0.42.

$WU {{ '2016-12-08T17:27:25+0000' | timeago}} • Announcement

$WU's BoD declared a quarterly cash dividend of $0.16 per common share. The dividend is payable on Dec. 30, 2016 to stockholders of record at the close of business on Dec. 19, 2016.

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