Convergys Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company's revenue was $741 million including $7 million adverse foreign currency impacts, flat as reported and an increase of 1% on a constant currency basis, compared with $742 million in the same period last year. This increase includes a $26 million or 3% contribution from the buw acquisition. Reported revenue reflected a negative foreign currency impact of $7 million. GAAP operating income was $49 million, a 3% increase compared with $48 million in the same period last year. Adjusted operating income was $61 million, a 2% decrease compared with $62 million in the same period last year. Adjusted EBITDA was $89.5 million compared with $90.1 million a year ago. GAAP net income from continuing operations was $38 million, or $0.36 per diluted share, compared with $58 million, or $0.55 per diluted share, in the same period last year. Adjusted net income from continuing operations was $48 million, or $0.46 per diluted share, compared with $46 million, or $0.45 per diluted share, in the same period last year. Adjusted free cash flow was $54 million, compared with $17 million in the same period last year. As on September 30, 2016, the company's net debt was $159 million. Income before income taxes was $44.8 million compared with $40.6 million a year ago. Net income was $47.7 million or $0.46 per diluted share compared with $58.1 million or $0.56 per diluted share a year ago. Adjusted income before income taxes and discontinued operations was $56.6 million compared with $55.0 million a year ago. EBITDA was $86.8 million compared with $87.0 million a year ago. Net cash provided by operating activities was $80.5 million compared with $49.9 million a year ago. Capital expenditures were $29.3 million compared with $36.8 million a year ago.

For the nine months, the company's total revenues were $2,155.6 million compared with $2,198.8 million a year ago. Operating income was $153.5 million compared with $133.3 million a year ago. Income before income taxes was $140.5 million compared with $119.7 million a year ago. Income from continuing operations, net of tax was $115.5 million or $1.11 per diluted share compared with $125.8 million or $1.20 per diluted share a year ago. Net income was $125.5 million or $1.21 per diluted share compared with $126.4 million or $1.21 per diluted share a year ago. Adjusted operating income was $186.9 million compared with $177.2 million a year ago. Adjusted income before income taxes and discontinued operations was $173.9 million compared with $163.6 million a year ago. Adjusted income from continuing operations, net of tax was $141.1 million or $1.36 per diluted share compared with $130.4 million or $1.25 per diluted share a year ago. EBITDA was $268.3 million compared with $262.3 million a year ago. Adjusted EBITDA was $273.3 million compared with $270.1 million a year ago. Net cash provided by operating activities was $236.8 million compared with $182.7 million a year ago. Capital expenditures were $63.6 million compared with $88.4 million a year ago. Adjusted free cash flow was $178.9 million compared with $105.3 million a year ago.

For 2016, the company's consolidated constant currency revenue growth flat, revised from prior guidance to approximate 2%; consolidated adjusted EBITDA margin to approximate 12.5%, revised from prior guidance to approximate 12.9%; adjusted effective tax rate to approximate 19%, revised from prior guidance to approximate 21%; and adjusted EPS growth of 4% to 5%, revised from prior guidance of 7% to 9%.