Ceridian HCM Holding Inc. (NYSE: CDAY) achieved $11.2M as quarterly net income

      

Posted By - Scott Weaver

Ceridian HCM Holding Inc. (NYSE: CDAY) negotiated 681,884 shares against it an average volume of 7.304B shares. The stock concluded the recent trade at $51.86 with no change. The company has total market value of 7.22 billion. The company has got a 52-week exceptional price of $53.88 and reached a 52-week lowest of the share price at $31.39. The daily trading range was observed between a day’s low price of $50.70 to a day’s high price of $53.98.

Ceridian HCM Holding Inc. (NYSE: CDAY), reported recently its financial results for the first quarter ended March 31, 2019.

  • Total revenue, which includes revenue from both our Cloud and Bureau solutions, increased 7.9% to $203.7M for the first quarter of 2019 contrast with the first quarter of 2018.
  • Dayforce revenue increased 27.6% to $132.8M for the first quarter of 2019 contrast with the first quarter of 2018.
  • Cloud revenue, which includes both Dayforce and Powerpay, increased 21.8% to $154.6M for the first quarter of 2019 contrast with the first quarter of 2018.

Gross Margin, Operating Profit and Adjusted EBITDA

  • Operating profit was $27.4M for the first quarter of 2019 contrast to $28.0M in the first quarter of 2018. Not Including the impact of share-based compensation expense, fees primarily associated with the secondary equity offering in March 2019, and severance charges, operating profit would have been $36.7M for the first quarter of 2019 contrast to $33.2M in the first quarter of 2018, a raise of 10.5%.
  • Adjusted EBITDA increased 7.1% to $49.8M for the first quarter of 2019 contrast with the first quarter of 2018.

Net Income and Net Income Per Share (Loss)

  • Income from continuing operations before income taxes was $16.9M for the first quarter of 2019 contrast to $8.0M for the first quarter of 2018, a raise of over 100%. Net income was $11.2M for the first quarter of 2019, contrast to net income of $0.1M for the first quarter of 2018. Diluted net income per share was $0.08 for the first quarter of 2019 based on 147.0M diluted weighted average ordinary shares outstanding contrast to diluted net loss per share of $(0.07) for the first quarter of 2018 based on 65.3M diluted weighted average ordinary shares outstanding.

Balance Sheet

  • Cash and equivalents were $206.3M as of March 31, 2019, a reduction of $11.5M contrast to $217.8M as of December 31, 2018.
  • Total debt was $668.9M as of March 31, 2019, a reduction of $1.4M contrast to $670.3M as of December 31, 2018.