Key Developments: Blackbaud Inc (BLKB.OQ)
30.64USD
17 May 2013
$-0.05 (-0.16%)
$30.69
$30.80
$30.83
$30.37
106,809
58,957
$31.30
$21.01
Latest Key Developments (Source: Significant Developments)
Blackbaud Inc Approves Second Quarter Dividend
Blackbaud Inc announced that its Board of Directors has approved a second quarter 2013 dividend of $0.12 per share payable on June 14, 2013, to stockholders of record on May 28, 2013. Full Article
Blackbaud Inc Issues FY 2013 Mixed Guidance; Issues Q1 2013 Guidance Below Analysts' Estimates-Conference Call
Blackbaud Inc announced that for fiscal 2013, it expects total non-GAAP revenue in a range of $495 million to $505 million and non-GAAP EPS in the range of $1.19 to $1.25. For the first quarter of 2013, the Company forecasts non-GAAP revenue in the range of $113 million to $115 million, non-GAAP operating income between $16 million and $17 million and non-GAAP EPS of $0.19 to $0.21. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $514 million and EPS of $1.16 for fiscal 2013; and revenue of $121 million and EPS of $0.24 for the first quarter of 2013. Full Article
Blackbaud Inc Declares First Quarter 2013 Dividend
Blackbaud Inc announced that its Board of Directors has approved a first quarter 2013 dividend of $0.12 per share payable on March 15, 2013, to stockholders of record on February 28, 2013. Full Article
Blackbaud Inc Announces Board Changes
Blackbaud Inc announced that Marc Chardon will step down as the Company`s President and Chief Executive Officer (CEO) and a director at the end of 2013, or earlier if a successor is named. The Blackbaud Board will initiate a search process and retain a executive search firm to identify the next President and CEO. Full Article
Blackbaud Inc Sees Q4 2012 Guidance In Line Or Above Prior Range
Blackbaud Inc announced that it expects to report fourth quarter 2012 total non-GAAP revenue and non-GAAP EBIT that are within or above the Company's previously released guidance ranges of $119 million to $121 million for non-GAAP revenue and $19 million to $20 million for non-GAAP EBIT. Full Article
Blackbaud Inc Issues Q4 2012 Guidance Below Analysts' Estimates; Lowers FY 2012 Revenue Guidance; Narrows FY 2012 Earnings Guidance To A Range Below Analysts' Estimates-Conference Call
Blackbaud Inc announced that for the fourth quarter of 2012, it expects revenue in a range of $119 million to $121 million, which is down modestly from the $123 million in the third quarter, non-GAAP operating income of $19 million to $20 million resulting in non-GAAP earnings per share of $0.23 to $0.24. For the fiscal 2012, it expects total revenue in a range of $451 million to $453 million, compared to previous guidance of $460 million to $465 million. From a qualitative perspective, it views the majority of the change in its forecast due to managing through the transition in the Enterprise Business Unit, with the balance due to the increased challenges presented by the macroeconomic environment. From a profitability perspective, it is forecasting non-GAAP operating income of approximately $72 million to $73 million, which is within previous guidance of $72 million to $75 million and non-GAAP EPS of $0.91 to $0.92, which is again within prior guidance range of $0.90 to $0.94. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $130 million, EPS of $0.27 and EBIT $22 million for fourth quarter of 2012; and EPS of $0.93, revenues of $464 million and EBIT of $74 million for fiscal 2012 Full Article
Blackbaud Inc Declares Third Quarter Dividend
Blackbaud Inc announced that the Board of Directors has approved a third quarter 2012 dividend of $0.12 per share payable on December 14, 2012, to stockholders of record on November 28, 2012. Full Article
Blackbaud Inc Issues Q3 2012 Guidance Below Analysts' Estimates-Conference Call
Blackbaud Inc announced that for the third quarter of 2012, it expects non-GAAP revenue in the range of $125-$128 million, non-GAAP operating income of $18-$20 million and non-GAAP EPS of $0.22-$0.24. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $131 million, operating income of $27 million and $0.34 for the third quarter of 2012. Full Article
Blackbaud Inc Announces Third Quarter 2012 Dividend
Blackbaud Inc announced that its Board of Directors has approved a third quarter 2012 dividend of $0.12 per share payable on September 14, 2012, to stockholders of record on August 28, 2012. Additionally, as of June 30, 2012. Full Article
Blackbaud Inc Completes Acquisition of Convio Inc Through Caribou Acquisition Corp
Blackbaud Inc announced that it has completed its acquisition of Convio, Inc. provider of on-demand constituent engagement solutions. Under the terms of the merger agreement, Blackbaud paid an aggregate purchase price of approximately $325 million. Blackbaud financed the deal through a combination of cash and borrowings from its credit facility. Originally announced on January 17, 2012, the acquisition followed the completion of the tender offer Blackbaud made through its wholly owned subsidiary, Caribou Acquisition Corporation, for all the outstanding shares of Convio common stock for $16 per share, net to the seller in cash, without interest and less any applicable withholding taxes. Immediately prior to the merger, Caribou Acquisition Corporation held approximately 90.4% of Convio’s outstanding common stock. As a result, Blackbaud was able to complete a short form merger under Delaware law where all outstanding shares of Convio common stock that were not previously tendered (other than shares held by Caribou Acquisition Corporation or Convio stockholders that properly exercise appraisal rights under Delaware law) were converted into the right to receive the same consideration paid to stockholders in the tender offer. Blackbaud assumed Convio equity awards that were unvested as of closing. Convio’s common stock has ceased trading on the Nasdaq Global Select Market. Full Article
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