$HRB (H&R Block, Inc.)

$HRB {{ '2016-08-30T20:55:37+0000' | timeago}} • Webcast

Provider of tax preparation services $HRB said that 1Q17 revenues were $125MM mainly due to the impact of the divestiture of H&R Block Bank. This included the reclassification and mortgage portfolio interest income to other income, the loss of investment income from available-for-sale securities, and lower Emerald Card revenues received.

$HRB {{ '2017-08-30T18:25:18+0000' | timeago}} • Webcast

$HRB said it sees a significant migration from the Assisted business to the Do-It-Yourself (DIY) business next year, resulting in a positive momentum in the DIY side. H&R Block expects the DIY business to outpace the market this year, as it did last year. Going forward, the company will continue to repurchase franchise locations.

$HRB {{ '2017-08-30T17:47:36+0000' | timeago}} • Webcast

$HRB attributed the widening of loss in 1Q18, on a per-share basis, mainly to lower share count and a drop in income tax benefit. The company remains focused on its long-term goal of adding more clients in the Assisted and DIY channels, through promotions and product offers. As part of the strategy, it plans to invest more in innovative solutions.

$HRB {{ '2017-08-29T21:36:33+0000' | timeago}} • Infographic

$HRB H&R Block, Inc. Earnings AlphaGraphic: Q1 2018 Highlights

$HRB {{ '2017-08-29T20:47:09+0000' | timeago}} • Announcement

$HRB reported a 12% growth in its service revenues to $125MM in 1Q18. Revenues from royalty, products and other items advanced 10% annually to $13MM.

$HRB {{ '2017-08-29T20:39:21+0000' | timeago}} • Announcement

Tax services provider $HRB reported a wider net loss in 1Q18, owing mainly to seasonal factors and lower income tax benefit, reversing the recovery achieved in 4Q17. Net loss widened to $0.63 per share from $0.56 per share in 1Q17.  Meanwhile, revenues advanced 10% YoY to $138MM, helped primarily by an increase in US Assisted tax preparation fees.

$HRB {{ '2017-08-22T19:29:04+0000' | timeago}} • Announcement

$HRB's BoD declared a quarterly cash dividend of 24 cents per share, payable October 2, 2017, to shareholders of record as of September 13, 2017.

$HRB {{ '2017-08-22T13:26:27+0000' | timeago}} • Announcement

Tax service provider $HRB has named Jeffrey Jones President and CEO, effective October 9, 2017.  Jones will succeed Tom Gerke, who will remain the general counsel. Most recently, Jones served as President of Ride Sharing at Uber. Earlier, he held various leadership positions at $TGT, including EVP and Chief Marketing Officer.

$HRB {{ '2017-08-21T21:45:13+0000' | timeago}} • Announcement

$HRB has declared a quarterly cash dividend of 24 cents per share on its common stock. The dividend is payable on October 2, 2017, to shareholders of record on September 13, 2017.

$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.

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