Computer Programs & Systems Inc. Approves Quarterly Cash Dividend, Payable on February 28, 2014; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the Year 2014
January 30, 2014 at 09:30 pm
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Computer Programs & Systems Inc. announced that its board of directors has approved an increase in the regular quarterly cash dividend of $0.06 to $0.57 per share, payable on February 28, 2014, to stockholders of record as of the close of business on February 13, 2014.
The company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the fourth quarter, the company reported total revenues increased 7% to $51.3 million, compared with total revenues of $47.9 million for the prior-year fourth quarter. Operating income was $15.96 million compared to $12.36 million last year. Income before taxes was $16.04 million compared to $12.47 million last year. Net income increased 10% to $10.0 million, or $0.90 per basic and diluted share, compared with $9.1 million, or $0.83 per basic and diluted share, for the quarter ended December 31, 2012. Cash provided by operations for the fourth quarter of 2013 was $14.7 million, compared with $14.3 million for the prior-year fourth quarter. Free cash flow was $14.41 million compared to $12.21 million last year.
For the year, the company reported total revenues increased 10% to $200.9 million, compared with total revenues of $183.3 million for the prior year. Operating income was $50.24 million compared to $41.28 million last year. Income before taxes was $50.71 million compared to $42.00 million last year. Net income increased 9% to $32.7 million, or $2.95 per basic and diluted share, compared with $30.0 million, or $2.71 per basic and diluted share, for the year ended December 31, 2012. Cash provided by operations for 2013 was $29.0 million, compared with $32.2 million for the prior year. Free cash flow was $25.42 million compared to $27.84 million last year.
For the year 2014, the company anticipates total revenues of $205.0 million to $215.0 million and net income of approximately $36.0 million to $38.0 million, or $3.25 to $3.40 per diluted share.
TruBridge, Inc. is a provider of healthcare solutions and services for community hospitals, their clinics and other healthcare systems. The Company operates through three segments: RCM, HER and Patient Engagement. The RCM segment focuses on providing a complete revenue cycle management (RCM) solution for all care settings, regardless of their primary healthcare information solutions provider, along with business management, consulting, managed IT services, analytics and business intelligence. The EHR segment provides comprehensive acute care solutions and related services for community hospitals and their physician clinics. The Patient Engagement segment offers comprehensive patient engagement and empowerment technology solutions to improve patient outcomes and engagement strategies with care providers. Its wholly owned subsidiaries include Viewgol, LLC, iNetXperts, Corp. doing business as Get Real Health, Healthcare Resource Group, Inc. and Healthland Holding Inc.
Computer Programs & Systems Inc. Approves Quarterly Cash Dividend, Payable on February 28, 2014; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the Year 2014