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Provider: Thomson Reuters Stock Report
Provider: MacroRisk Analytics/EconomicInvestor

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KAR Auction Services Inc Issues FY 2013 Earnings Guidance; Declares Cash Dividend

Wednesday, 1 May 2013 04:15pm EDT 

KAR Auction Services Inc announced that it expect 2013 Adjusted EBITDA of $535 - $540 million. The Company also expects net income per share of $0.82 - $0.87 and adjusted net income per share of $1.15 - $1.20, both assuming an effective tax rate of approximately 40%. 2013 adjusted net income per share represents GAAP net income per diluted share excluding excess depreciation and amortization and stock-based compensation, both resulting from the 2007 merger, as well as Superstorm Sandy costs, all net of taxes. The Company also announced a cash dividend of $0.19 per share on the Company's common stock. The dividend is payable on July 3, 2013, to stockholders of record as of the close of business on June 24, 2013. 

Company Quote

26 Mar 2015