Key Developments: Catamaran Corp (CTRX.O)

CTRX.O on Nasdaq

42.15USD
30 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Catamaran Corp raises low end of prior FY 2014 revenue and EPS guidance and lowers high end of prior FY 2014 EBITDA guidance to a range in line with analysts' estimates
Friday, 1 Aug 2014 06:01am EDT 

Catamaran Corp:Updates FY 2014 financial guidance.Expects FY 2014 revenue of $20.5 bln to $21.0 bln.Expects FY 2014 EBITDA of $770 mln to $800 mln.Expects FY 2014 GAAP EPS (fully-diluted) of $1.40 to $1.50.Expects FY 2014 adjusted EPS (fully-diluted) of $2.12 to $2.22 (excluding all amortization of intangible assets).FY 2014 revenue of $20.858 bln, EBITDA of $787 mln and EPS of $2.19 - Thomson Reuters I/B/E/S.  Full Article

Catamaran reaffirms FY 2014 revenue guidance; raises low end of prior FY 2014 EBITDA guidance; raises FY 2014 EPS guidance
Thursday, 1 May 2014 06:02am EDT 

Catamaran Corp:Expects FY 2014 revenue of $20-$21 bln.Expects FY 2014 EBITDA of $770-$810 mln.Expects FY 2014 GAAP EPS (fully-diluted) of $1.38 to $1.50.Expects FY 2014 adjusted EPS (fully-diluted) of $2.10 to $2.22 (excluding all amortization of intangible assets).FY 2014 revenue of $20.6 bln, EBITDA of $785 mln and EPS of $2.15 - Thomson Reuters I/B/E/S.  Full Article

Catamaran Corp announces executive appointments
Monday, 24 Mar 2014 08:30am EDT 

Catamaran Corp:Says two executive appointments.Jeff Park promoted to newly-created position of Executive Vice President, Operations.Mike Shapiro will succeed Jeff Park as SVP & Chief Financial Officer.  Full Article

Catamaran Corp announces pricing of $500 mln senior notes offering
Friday, 7 Mar 2014 04:50pm EST 

Catamaran Corp:Says it has agreed to sell $500 mln aggregate principal amount of 4.75pct senior notes due 2021.Says the offering is expected to close on or about Mar. 12.Intends to use the net proceeds from the offering to repay all outstanding indebtedness under its senior secured revolving credit facility and for general corporate purposes.BofA Merrill Lynch, J.P. Morgan and SunTrust Robinson Humphrey are acting as joint book-running managers for the offering.Barclays, Citigroup and Morgan Stanley are acting as senior co-managers for the offering, and Credit Agricole CIB, Credit Suisse, Fifth Third Securities, Mizuho Securities, PNC Capital Markets LLC and TD Securities are acting as co-managers for the offering.  Full Article

Catamaran Corp announces proposed $500 mln senior notes offering
Thursday, 6 Mar 2014 07:56am EST 

Catamaran Corp:Says it has commenced an underwritten public offering of $500 mln aggregate principal amount of senior notes due 2021 under its effective shelf registration statement in the United States.Intends to use the net proceeds from the offering to repay all outstanding indebtedness under its senior secured revolving credit facility and for general corporate purposes.The senior notes will be guaranteed by company's wholly-owned subsidiaries that guarantee obligations under its senior secured credit facility.BofA Merrill Lynch, J.P. Morgan and SunTrust Robinson Humphrey are acting as joint book-running managers for the offering.Barclays, Citigroup and Morgan Stanley are acting as senior co-managers for the offering.Credit Agricole CIB, Credit Suisse, Fifth Third Securities, Mizuho Securities, PNC Capital Markets LLC and TD Securities are acting as co-managers for the offering.  Full Article

Catamaran Corp gives FY 2014 guidance; earnings guidance below analysts' estimates
Thursday, 27 Feb 2014 06:01am EST 

Catamaran Corp:Targets fiscal 2014 revenue of $20 bln to $21 bln.Targets fiscal 2014 EBITDA of $760 mln to $810 mln.Targets fiscal 2014 GAAP EPS (fully-diluted) of $1.35 to $1.50.Targets fiscal 2014 adjusted EPS (fully-diluted) of $2.04 to $2.19 (excluding all amortization of intangible assets).Fiscal 2014 revenue of $20 bln, EBITDA of $822 mln and EPS of $2.40 - Thomson Reuters I/B/E/S.  Full Article

Catamaran Corp Reaffirms FY 2013 Revenue And EBITDA Guidance; Raises FY 2013 EPS Guidance
Thursday, 31 Oct 2013 06:00am EDT 

Catamaran Corp reaffirmed its fiscal 2013 revenue and EBITDA guidance and expects revenue to be in the range of $14.2 to $14.6 billion and EBITDA to be in the range of $650 to $660 million. Raised its fiscal 2013 earnings per share (EPS) guidance and expects GAAP EPS (fully-diluted) of $1.24 to $1.27 versus prior estimate of $1.18 to $1.23 and Adjusted EPS (fully-diluted) of $1.96 to $1.99 versus prior estimate of $1.87 to $1.92 (excluding all amortization of intangible assets, net of tax). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $14.4 billion and EPS of $1.91 for fiscal 2013.  Full Article

Catamaran Corp Completes Acquisition of RESTAT
Tuesday, 1 Oct 2013 05:15pm EDT 

Catamaran Corp announced the completion, effective as of October 1, 2013, of its previously disclosed acquisition of RESTAT, LLC (RESTAT), for a purchase price of $409.5 million in cash. The purchase price was funded from Catamaran's existing cash balance and $350 million in borrowings under its revolving credit facility.  Full Article

Catamaran Corp Updates FY 2013 Guidance
Thursday, 1 Aug 2013 06:01am EDT 

Catamaran Corp announced that with today's announcement, the Company is changing its fiscal 2013 financial guidance to include the impact of its recent Cigna partnership and to reflect the acquisition of Restat. The Company expects revenue in the range of $14.2 to $14.6 billion, EBITDA in the range of $650-$660 million, GAAP EPS (fully-diluted) in the range of $1.18-$1.23 and Adjusted EPS (fully-diluted) in the range of $1.87 to $1.92 (excluding all amortization of intangible assets). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $14.3 billion, EBITDA of $662 million and EPS of $1.85 for fiscal 2013.  Full Article

Catamaran Corp Acquires Restat
Thursday, 1 Aug 2013 05:55am EDT 

Catamaran Corp announced that it has entered into a definitive agreement to acquire Restat, LLC one of the privately held pharmacy benefit managers, for a purchase price of $409.5 million in cash, subject to certain customary post-closing adjustments. Catamaran expects the transaction to close in the fourth quarter of 2013.  Full Article

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