Computer Programs & Systems Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015; Declares Quarterly Cash Dividend, Payable on February 27, 2015
January 30, 2015 at 03:12 am IST
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Computer Programs & Systems Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company's total sales revenues were $46,267,000 compared with $51,274,000 for the prior-year second quarter. Operating income was $9,342,000 against $15,961,000 for the same period a year ago. Income before taxes was $9,413,000 against $16,041,000 for the same period a year ago. Net income attributable to common stockholders was $6,648,000 or $0.60 per basic and diluted share compared with $9,906,000 or $0.90 per basic and diluted share a year ago. Net cash provided by operating activities was $12,880,000 against $14,725,000 for the same period a year ago. Free cash flow was $12,158,000 against $14,411,000 for the same period a year ago. CapEx for the quarter was $500,000 compared with $600,000 for the same quarter last year.
For the year, the company's total revenues were $204,742,000 compared with $200,863,000 for the prior-year second quarter. Operating income was $49,587,000 against $50,244,000 for the same period a year ago. Income before taxes was $49,739,000 against $50,711,000 for the same period a year ago. Net income attributable to common stockholders was $32,421,000 or $2.94 per basic and diluted share compared with $32,444,000 or $2.95 per basic and diluted share a year ago. Net cash provided by operating activities was $38,949,000 against $29,047,000 for the same period a year ago. Free cash flow was $37,476,000 against $25,417,000 for the same period a year ago.
The company also announced that its Board of Directors has approved an increase in the regular quarterly cash dividend of $0.07 to $0.64 (sixty-four cents) per share, payable on February 27, 2015, to stockholders of record as of the close of business on February 12, 2015.
For 2015, the company anticipates total revenues of $196 million to $206 million and net income of approximately $29 million to $31 million, or $2.62 to $2.77 per diluted share.
TruBridge, Inc. is a provider of healthcare solutions and services for community hospitals, their clinics and other healthcare systems. The Company operates through three segments: RCM, HER and Patient Engagement. The RCM segment focuses on providing a complete revenue cycle management (RCM) solution for all care settings, regardless of their primary healthcare information solutions provider, along with business management, consulting, managed IT services, analytics and business intelligence. The EHR segment provides comprehensive acute care solutions and related services for community hospitals and their physician clinics. The Patient Engagement segment offers comprehensive patient engagement and empowerment technology solutions to improve patient outcomes and engagement strategies with care providers. Its wholly owned subsidiaries include Viewgol, LLC, iNetXperts, Corp. doing business as Get Real Health, Healthcare Resource Group, Inc. and Healthland Holding Inc.
Computer Programs & Systems Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015; Declares Quarterly Cash Dividend, Payable on February 27, 2015