DST SYSTEMS, INC. ANNOUNCES FOURTH QUARTER 2015 FINANCIAL RESULTS
Board Declares 10% Increase in Quarterly Cash Dividend to $0.33 Per Share
KANSAS CITY, MO - January 28, 2016 – DST Systems, Inc. (NYSE: DST) reported consolidated net income attributable to DST ("DST Earnings") of $67.8 million ($1.94 per diluted share) for the fourth quarter 2015 compared to $255.1 million ($6.65 per diluted share) for the fourth quarter 2014. DST Earnings for the year ended December 31, 2015 were $358.2 million ($9.83 per diluted share) compared to $593.3 million ($14.66 per diluted share) for the year ended December 31, 2014.
Taking into account certain non-GAAP adjustments, DST Earnings were $58.4 million ($1.67 per diluted share) for fourth quarter 2015 compared to $66.4 million ($1.73 per diluted share) for fourth quarter 2014, and $216.3 million ($5.94 per diluted share) for the year ended December 31, 2015 compared to $224.6 million ($5.55 per diluted share) for the year ended December 31, 2014.
"We are pleased with our 2015 operating results and believe a number of the significant client wins and renewals executed during the year position us well as we head into 2016," said Steve Hooley, Chairman, CEO and President of DST. "Notwithstanding the progress we are making across our business segments, early market indicators are showing a low growth environment for 2016 as continued global headwinds, market volatility and the impact of foreign exchange remain significant challenges. This operating environment, combined with the ongoing expense of security, regulatory compliance and other essential infrastructure enhancements, will pressure our performance. We remain confident in the ability of our team to execute, achieve increased benefits from our recent acquisitions, contain costs and develop innovative new service offerings for our clients to drive results and create additional shareholder value."
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