SEC Digest
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FactSet Research, Alliance Distributors, Analogic: Filings Digest September 16, 2014

In today’s SEC filings digest, FactSet Research beats estimates, Alliance Distributors reports annual earnings, and Analogic revenues decline.

FactSet Research beats estimates

FactSet Research Systems Inc. (FDS) announced its financial results for the fourth quarter of fiscal year 2014, posting results that beat analyst estimates. The financial data company saw revenue rise 9% from $219.3M a year ago to $238.6M, beating analyst expectations at $236.9M. U.S. revenue, its largest segment, rose 6.5% to $161.2M, while international revenue grew 7.3% to $77.4M. Net income rose from the year-ago $51.0M and $1.16 per share to $55.4M and $1.31 per share, with adjusted earnings improving from $51.8M and $1.18 per share to $60.8M and $1.43 per share, beating analyst $1.30 predictions. Chairman and CEO Philip Hadley remarked that the company is incredibly pleased with its performance, as it posted one of its best quarters over the last decade.

Alliance Distributors reports annual earnings

Alliance Distributors Holding Inc. (ADTR) announced its financial results for the fourth quarter and full fiscal year 2014, reporting declines in net sales. The company, a distributor, developer, and publisher of video games and related products, saw quarterly revenue dip 31% from $18.6M to $12.8M while annual sales slipped 11% from $68.3M to $60.9M. Quarterly earnings dropped from $488K to $251K with $0.01 per share remaining unchanged, with annual earnings remained essentially unchanged at $1.2M from year to year and $0.03 per share. Chairman and CEO Jay Gelman commented that the new release of the PS4 and Xbox One gaming systems dramatically impacted sales of its frontrunner, older products like PS3 and Xbox 360. Despite the setbacks, Gelman is pleased with the company’s bottom line results year-to-year.

Analogic revenues decline

Analogic Corporation (ALOG) announced its fourth quarter and full fiscal year financial results for 2014, posting declines in revenue. The company, which supports the aviation security and medical imaging industries, saw quarterly revenue drop 15% to $142M, though its gross margin improved to 44%. Annual revenue decreased 6% to $518M while gross margin rose slightly to 42%, compared to a year ago. Quarterly earnings dipped from $11.7M and $0.93 per share to $11.2M and $0.89 per share, while annual earnings increased from $31.1M and $2.48 per share to $34.5M and $2.72 per share. President and CEO Jim Green remarked that despite challenging market conditions the company performed very well, posting near-record results, positioning itself very well for the new fiscal year and beyond.

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