Information Services reports Q4 adjusted EPS 6c, consensus 5c

Reports Q4 revenue $58M, consensus $57.62M. Commenting on the results, Chairman and CEO Michael P. Connors said: “We delivered a strong fourth quarter, beginning with the sale of our automation unit, which significantly strengthened our balance sheet. Our profitability improved, with adjusted EBITDA up 11 percent and our adjusted EBITDA margin up more than 200 basis points. We generated strong cash flow and have reduced our debt by 25 percent from a year ago. And we saw a return to growth in the Americas, our largest region, with revenues up 6 percent, excluding the results of our divested automation unit. Among our recurring revenue streams, we saw particular strength in our GovernX business, with recurring revenues accounting for 45 percent of our firmwide revenues in the quarter.”