$HRB (H&R Block, Inc.)

$HRB {{ '2016-06-09T20:48:00+0000' | timeago}} • Announcement

Consumer tax services provider $HRB reported net income of $700.6MM or $3.13 per share in 4Q16 compared to $738.8MM or $2.66 per share in 4Q15. Total revenues were $2.29Bil in 4Q16 versus $2.30Bil in 4Q15.

$HRB {{ '2017-06-13T21:26:07+0000' | timeago}} • Webcast

$HRB will continue to look for opportunities to reduce expenses but the company does not believe it will see the same level as FY17. The business is seasonal wherein about 75% of the revenue is done in 4Q and slightly less than half of the expense comes in 4Q.

$HRB {{ '2017-06-13T21:04:50+0000' | timeago}} • Webcast

In FY17, with respect to volume and pricing in the Assisted business, $HRB expected a significant improvement in client losses along with a flat to slightly lower net average charge. The company achieved its plan to change client trajectory and delivered better-than-expected net average charge growth of about 2%.

$HRB {{ '2017-06-13T20:57:10+0000' | timeago}} • Infographic

$HRB H&R Block, Inc. Earnings AlphaGraphics: Q4 2017 highlights

$HRB {{ '2017-06-13T20:40:46+0000' | timeago}} • Announcement

$HRB announced that the BoD approved an increase in its quarterly dividend of 9%, to $0.24 per share. A quarterly cash dividend of $0.24 per share is payable on July 3, 2017 to shareholders of record as of June 23, 2017.

$HRB {{ '2017-06-13T20:39:19+0000' | timeago}} • Announcement

$HRB reported an increase in 4Q17 earnings. Net income was $783MM or $3.75 per share compared to $700MM or $3.13 per share in 4Q16. Revenues increased to $2.32Bil compared to $2.29Bil last year.

$HRB {{ '2017-05-16T13:01:12+0000' | timeago}} • Announcement

$HRB said president and CEO Bill Cobb will retire from the company and its BoD effective July 31, 2017. The BoD appointed Tom Gerke, currently the General Counsel and CAO, to be the interim president and CEO, beginning Aug. 1, 2017. The Board retained Crist|Kolder Associates to assist in search for permanent president and CEO.

$HRB {{ '2017-03-07T22:14:37+0000' | timeago}} • Webcast

In 3Q17, $HRB’s revenue decreased 4.8% YoY to $452MM. This was primarily the result of lower return volumes in the Assisted business due to the delay in the tax season and price reductions attributable to early season promotions. These were slightly offset by payments received from franchises related to Refund Advance.

$HRB {{ '2017-03-07T21:51:18+0000' | timeago}} • Announcement

During 3Q17, $HRB repurchased and retired approx. 4.4MM shares at an aggregate price of $100MM, or $22.83 per share. This brings the total share repurchases for FY17 to approx. 14MM shares for $317MM.  As of January 31, 2017, 207.2MM shares were outstanding.

$HRB {{ '2017-03-07T21:49:12+0000' | timeago}} • Announcement

$HRB 3Q17 net loss widened to $104.5MM, or $0.49 per share, from net loss of $81.7MM, or $0.34 per share during 3Q16. Loss per share increased mainly due to reductions in  effective tax rate and shares outstanding. Total revenues fell to $22.7MM from $451.9MM, mainly due to lower client volumes in the Assisted and DIY tax preparation businesses.

$HRB {{ '2017-03-01T21:41:33+0000' | timeago}} • Announcement

$HRB Board declared a quarterly cash dividend of 22 cents per share. This dividend is payable April 3, 2017, to shareholders of record as of March 14, 2017.

$HRB {{ '2016-12-08T14:00:19+0000' | timeago}} • Webcast

$HRB said in terms of revenue guidance, the final growth in the assisted and DIY businesses will depend on the mix of clients. There is some upside potential from product revenue and the franchise buybacks that the company has been doing will also provide a benefit.

$HRB {{ '2016-12-08T13:56:06+0000' | timeago}} • Webcast

When $HRB divested H&R Block Bank, it decided to retain the mortgage portfolio owned by the bank as market conditions were unfavorable. $HRB has now decided to sell this non-core asset and has moved mortgage loans held for investment to held for sale. $HRB expects to complete the sale in 3Q17 and receive cash proceeds of about $190MM.

$HRB {{ '2016-12-08T13:55:43+0000' | timeago}} • Webcast

In 2Q17, $HRB’s revenues increased approx. 2%, primarily driven by foreign exchange in international operations as well as improved product revenue in the US. Total Opex decreased from the prior year by 6% due primarily to one-time costs of $21MM incurred in the prior year related to the divestiture of H&R Block Bank and capital structure changes.

$HRB {{ '2016-12-07T21:45:34+0000' | timeago}} • Announcement

CEO Bill Cobb said $HRB is developing and implementing comprehensive and aggressive plan designed to deliver stronger results in tax season 2017. The company's associates and franchisees are excited about new promotional offerings, including interest-free Refund Advance loan and planned changes to service delivery models, Cobb added.

$HRB {{ '2016-12-07T21:41:51+0000' | timeago}} • Announcement

$HRB reported a wider 2Q17 loss due to higher costs and expenses as well as lower income tax benefit. Net loss widened to $146.22MM or $0.68 per share from $145MM or $0.55 per share last year. Revenue rose to $131.33MM from $128.42MM. Adjusted loss per share widened to $0.67 from $0.51.

$HRB {{ '2016-11-11T11:22:33+0000' | timeago}} • Announcement

$HRB BoD declared a quarterly cash dividend of $0.22 per share, payable on Jan. 3, 2017, to shareholders of record as of Dec. 5, 2016.

$HRB {{ '2016-08-30T21:34:06+0000' | timeago}} • Webcast

Millman Research analyst Michael Millman asks whether $HRB will decelerate its declines during 1H17 or 2H17 of the tax season. $HRB says that it's main focus is on arresting the decline as growth is the obvious goal. But the company is not targeting for growth at this point.

$HRB {{ '2016-08-30T21:25:07+0000' | timeago}} • Webcast

Northcoast Research analyst Kartik Mehta questions on expectations for industry growth in terms of tax returns for 2018. $HRB says that as it gets closer to tax season, it might refine this, but at this point, the company expects the continuation of the trends seen over the past couple of years. $HRB is expecting total industry growth between 1-2%.

$HRB {{ '2016-08-30T21:21:17+0000' | timeago}} • Webcast

Wedbush Securities analyst Gil Luria asks how many positions were reduced as part of the cost reduction effort. $HRB says that it reduced about 250 full-time positions both at corporate offices and the field. The company did a lot of other cost reduction efforts which benefited in 1Q17, but some like amortization and extra rents impacted $HRB.

$HRB {{ '2016-08-30T21:12:59+0000' | timeago}} • Webcast

BMO analyst Jeff Silber asks why this tax season will look different than the last season. $HRB says that it will be much more aggressive on both the assisted and DIY channels in its offers. The company will be moving forward with some experience enhancements.

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