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Advisory Board Co (ABCO.O)

ABCO.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

BRIEF-Elliott Associates L.P. reports 8.3 pct stake in Advisory Board Co as of February 7, 2017 - SEC filing (Feb 9)
Friday, 3 Mar 2017 09:06am EST 

In Feb. 9 brief, corrects headline and first bullet to say Elliott Associates reported 8.3 pct stake, not 1.3 pct.SEC filing : Elliott Associates L.P. says believe securities of Advisory Board are significantly undervalued and represent an attractive investment opportunity .Elliott Associates L.P. says seek to engage in constructive dialogue with advisory's board of directors regarding opportunities to maximize shareholder value.  Full Article

Elliott Associates reports 8.3 pct stake in Advisory Board
Friday, 3 Mar 2017 09:02am EST 

Advisory Board Co : Elliott Associates - collectively have combined economic exposure in Advisory Board of about 8.3 percent of common stock as of March 2 2017 - SEC filing .Elliott Associates L.P.- Elliott Associates' affiliate entered standstill agreement, customary non-disclosure agreement with Advisory Board Co.  Full Article

The Advisory Board Co reports Q4 adj earnings $1.03 per share
Tuesday, 28 Feb 2017 04:10pm EST 

Advisory Board Co : The advisory board company reports fourth quarter and full-year 2016 results . Q4 adjusted earnings per share $1.03 . Q4 earnings per share $0.92 . Sees q1 2017 revenue $185 million to $190 million . Q4 revenue $203.9 million versus i/b/e/s view $205.1 million . Q4 earnings per share view $0.55 -- Thomson Reuters I/B/E/S . Advisory board co says contract value increased 2.5% to $781.4 million as of december 31, 2016, compared to $762.6 million as of december 31, 2015 . Advisory board co says for year, company expects stock-based compensation expense to be approximately $29 million . Advisory board co sees cy-17 net adjusted revenue (non-gaap) $780.0 million - $840.0 million . Advisory board co sees cy-17 adjusted eps (non-gaap) $1.80 - $2.10 .Fy2017 earnings per share view $1.91, revenue view $802.8 million -- Thomson Reuters I/B/E/S.  Full Article

Elliott Associates L.P. reports 1.3 percent stake in Advisory Board Co as of February 7, 2017 - SEC filing
Thursday, 9 Feb 2017 05:46pm EST 

Advisory Board Co : Elliott Associates L.P. reports 1.3 percent stake in Advisory Board Co as of February 7, 2017 - SEC filing . Elliott Associates L.P. says believe securities of Advisory Board are significantly undervalued and represent an attractive investment opportunity .Elliott Associates L.P. says seek to engage in constructive dialogue with advisory's board of directors regarding opportunities to maximize shareholder value.  Full Article

The Advisory Board Company announces exploration of strategic alternatives
Monday, 6 Feb 2017 08:00am EST 

Advisory Board Co : Alternatives could include, among other things, changes in company's operations or strategy . The advisory board company announces exploration of strategic alternatives . Goldman Sachs & Co and Allen & Company are acting as financial advisors to company .Alternatives could also include strategic transactions such as a separation or sale of part or all of company.  Full Article

Advisory Board interviewing financial advisers to consider strategic options including sale- Bloomberg, citing sources
Thursday, 2 Feb 2017 02:47pm EST 

:Advisory Board is interviewing financial advisers this week to help it consider strategic options including a sale- Bloomberg, citing sources.  Full Article

Elliott Associates L.P. says believes securities of Advisory Board are "significantly undervalued and represent an attractive investment opportunity"
Thursday, 12 Jan 2017 08:31am EST 

Advisory Board Co : Elliott Associates L.P. says believes securities of Advisory Board are "significantly undervalued and represent an attractive investment opportunity" . Elliott Associates L.P. reports stake of 8.3 percent in Advisory Board Co as of January 3 .Elliott Associates L.P. says seek to engage in dialogue with advisory board's board of directors regarding "opportunities to maximize shareholder value".  Full Article

Advisory Board Co will reduce workforce by about 220 employees
Tuesday, 3 Jan 2017 05:00pm EST 

Advisory Board Co : The Advisory Board Company aligns health care capabilities to enhance efficiency and drive future growth . Advisory Board Co - will exit certain products and services which do not fully align with its long-term strategy . Advisory board co - education business will not be affected by restructuring plan . Advisory Board Co - will reduce its workforce by about 220 employees, or 5.7% of its total workforce, and close four office locations by year-end 2017 . Expects to incur approximately $20 to $25 million of cash expenses and $25 to $30 million in non-cash charges in 2017 . Advisory Board Co - "while 2016 performance was below our expectations, we do expect to deliver substantial adjusted EBITDA growth in 2017" . Advisory Board Co - full-year 2016 revenue is expected to be approximately $805 to $807 million . Advisory Board Co - workforce reduction, office closures seen resulting in over $25 million reduced annualized operating expenses once plan is fully implemented by 2017 end . Advisory Board - see combination of health care market challenges, strategy portfolio repositioning to cause co to fall short of 2016 revenue growth outlook . Advisory board co says on a preliminary basis, company expects 2017 non-GAAP revenue to be in ranges of $780 to $840 million . Advisory Board Co - sees FY 2016 adjusted EBITDA expected to be $187 to $188 million . Fy2016 revenue view $817.1 million -- Thomson Reuters I/B/E/S.  Full Article

The Advisory Board quarterly earnings per share $0.18
Wednesday, 27 Jul 2016 04:15pm EDT 

Advisory Board Co : Fy2016 revenue view $818.7 million -- Thomson Reuters I/B/E/S . Q2 revenue view $196.5 million -- Thomson Reuters I/B/E/S . Sees FY non-GAAP earnings per diluted share to be in a range of $1.83 to $1.90 . Fy2016 earnings per share view $1.71 -- Thomson Reuters I/B/E/S . The advisory board company reports results for quarter ended June 30, 2016 . Quarterly non-GAAP earnings per share $0.47 . Quarterly earnings per share $0.18 . Sees FY 2016 revenue $817 million to $830 million .Revenue increased 8% to $198.4 million for quarter ended June 30, 2016, up from $183.6 million.  Full Article

Advisory Board Co gives CY 2016 outlook
Tuesday, 23 Feb 2016 04:22pm EST 

Advisory Board Co:Company is providing financial guidance for CY 2016.For CY 2016, the Company expects revenue to be in a range of $810 million to $830 million, adjusted EBITDA to be in a range of $188 million to $195 million, and non-GAAP earnings per diluted share to be in a range of $1.63 to $1.73.  Full Article

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Exclusive: Evolent Health explores merger with Advisory Board - sources

Healthcare technology provider Evolent Health Inc is exploring a potential combination with Advisory Board Co , the business consulting company targeted by activist fund Elliott Management, people familiar with the matter said.