Ebix Inc(EBIX)- NASDAQ
  • Mon, Aug. 15, 8:05 AM
    | Mon, Aug. 15, 8:05 AM
  • Mon, Aug. 8, 7:43 AM
    • Ebix (NASDAQ:EBIX): Q2 EPS of $0.70 beats by $0.07.
    • Revenue of $72.57M (+12.1% Y/Y) beats by $1.37M.
    • Press Release
    | Mon, Aug. 8, 7:43 AM | 5 Comments
  • Sun, Aug. 7, 5:30 PM
    | Sun, Aug. 7, 5:30 PM | 11 Comments
  • Mon, Jun. 20, 7:32 AM
    • Ebix (NASDAQ:EBIX) announces the expansion of its existing credit facility to $400M from $240M.
    • The company says the boost is to fund its growth and share repurchase initiatives.
    • The $160 million increase in the bank line was the result of many members of the existing bank group expanding their share of the credit facility and the addition of PNC Bank, BMO Harris Bank, KeyBank, HSBC Bank, Cadence Bank and Trustmark National Bank to the Banking Syndicate.
    • The new credit facility includes a 5-year term loan for $125M and a 5-year revolving credit facility for $275M.
    • The company also announced that it now has access to total funds of approximately $250M to fund any of its working capital or any other growth and share repurchase initiatives. This includes the worldwide cash balances in the bank of approximately $70M in addition to available credit line of approximately $180M.
    • Robin Raina, President and CEO, Ebix Inc. said, "We are excited to have the support of eleven leading financial institutions towards funding our future growth initiatives."
    • Source: Press Release
    | Mon, Jun. 20, 7:32 AM | 7 Comments
  • Wed, Jun. 15, 7:44 AM
    • Ebix (NASDAQ:EBIX) announces that it has sent an offer to the board of Patriot National (NYSE:PN) to acquire the company for $9.50 per share.
    • The Ebix offer represents a 37% premium to Patriot National's closing share price of $6.92 yesterday.
    • In 2015, Patriot National generated total revenues of $209.7M, adjusted EBITDA of $51.5M, and a net loss of $5.4M.
    • Ebix sees the transaction being highly accretive and helping it with international cross-selling opportunities.
    • Ebix intends to pay for at least 55% of the purchase in cash and the balance in cash or stock.
    • Source: Press Release
    • PN +30.0% premarket to $9.00.
    | Wed, Jun. 15, 7:44 AM | 6 Comments
  • Mon, May 23, 10:05 AM
    • Ebix's (EBIX +1.6%) board has approved a 3:1 split. The split, Ebix's first since 2010, is expected to have a record date around July 15, and to go into effect "on or about" August 1. Shareholders still need to approve an increase in Ebix's authorized shares at a special meeting expected to be held during the last week of July.
    • Shares are slightly above $45, and up 38% YTD.
    | Mon, May 23, 10:05 AM | 3 Comments
  • Thu, May 12, 7:31 AM
    | Thu, May 12, 7:31 AM
  • Mon, May 9, 10:07 AM
    • Ebix (NASDAQ:EBIX) is up 1.3% following a Q1 earnings report where it grew revenues more than 11% despite foreign exchange headwinds.
    • Operating income was up 21% (to $24.8M) and operating margins increased to 35% from a year-ago 32% as the company focused on cost management.
    • In constant currency, its revenue increased 14% as its biggest channel showed continued strength and sales in its RCS unit grew at a healthy pace.
    • Revenue by channel: Exchanges, $50.1M (up 7%); Risk Compliance Solutions, $16.8M (up 38%); Broker Solutions, $3.2M (down 14%); Carrier Systems, $1M (down 13%).
    • Conference call to come at 11 a.m. ET.
    • Press Release
    | Mon, May 9, 10:07 AM | 7 Comments
  • Mon, May 9, 8:00 AM
    • Ebix (NASDAQ:EBIX): Q1 EPS of $0.67 beats by $0.09.
    • Revenue of $71.1M (+11.5% Y/Y) beats by $1.75M.
    • Press Release
    | Mon, May 9, 8:00 AM | 4 Comments
  • Sun, May 8, 5:30 PM
    | Sun, May 8, 5:30 PM | 15 Comments
  • Fri, Apr. 15, 12:41 PM
    | Fri, Apr. 15, 12:41 PM
  • Wed, Apr. 13, 10:44 AM
    • An Ebix (EBIX +9.1%) subsidiary has won an e-governance contract with major Indian carrier BSNL. The deal's total value is estimated to be $11.6M.
    • Ebix: "The purchase orders involve implementation of Web-filtering and Anti-Spam projects at BSNL, over a period of approximately 12 months spread across two phases. The projects involve turnkey implementation of various components required for deploying the solutions including design, installation, testing, system integration, commissioning, training, and maintenance of the web based solutions across different locations in the country."
    • CEO Robin Raina asserts Ebix expects "many more such wins over the next 12 months." Shares are within $1.50 of a 52-week high of $42.45.
    • Now read Ebix: The Waiting Is The Hardest Part
    | Wed, Apr. 13, 10:44 AM
  • Mon, Feb. 29, 1:20 PM
    • Ebix (EBIX +6.9%) is within $2 of a 52-week high of $38.29 after beating Q4 estimates with the help of 15% Y/Y sales growth (to $51M) for its core Exchanges (insurance software/services) reporting segment. Exchanges growth accelerated from Q3's 11%.
    • Broker Systems revenue fell 16% Y/Y to $14.7M, while Risk Compliance Solutions (boosted by M&A) rose 29% to $14.7M and Carrier Systems 13% to $1.1M. GAAP operating expenses rose 12% Y/Y to $44.4M (compares with 16% revenue growth).
    • $13.7M was spent in Q4 to buy back 411K shares, and $82.5M over the whole of 2015 to buy back 2.92M shares. Thus far in 2016, Ebix has spent another $14M to buy back 466K shares.
    • The company ended 2015 with $59M in cash and $207M in debt. CEO Robin Raina states Ebix is "evaluating a number of material deals at present."
    • Ebix's Q4 results, earnings release
    | Mon, Feb. 29, 1:20 PM | 2 Comments
  • Mon, Feb. 29, 7:30 AM
    • Ebix (NASDAQ:EBIX): Q4 EPS of $0.65 beats by $0.09.
    • Revenue of $70.20M (+15.8% Y/Y) beats by $3.35M.
    | Mon, Feb. 29, 7:30 AM | 5 Comments
  • Sun, Feb. 28, 5:30 PM
    | Sun, Feb. 28, 5:30 PM | 11 Comments
  • Thu, Feb. 25, 7:43 AM
    • Ebix (NASDAQ:EBIX) declares $0.075/share quarterly dividend, in line with previous.
    • Forward yield 0.9%
    • Payable March 15; for shareholders of record Feb. 29; ex-div Feb. 25.
    | Thu, Feb. 25, 7:43 AM