Neustar, Inc. (NYSE: NSR) announced results for the quarter ended June 30, 2010.
The firm also boosted its EBITDA margin guidance for full-year 2010 and announced the repurchase of up to $300 million in Class A common shares.
The firm noted the following numbers:
- Revenue increased 11% from the second quarter of 2009 to $129.0 million.
- Net income increased 17% from the second quarter of 2009 to $28.6 million.
- Earnings per diluted share was $0.37, an increase of 16% from $0.32 per diluted share in the second quarter of 2009.
- EBITDA totaled $57.0 million, or 44% margin, an increase of 15% from $49.4 million, or 43%, in the second quarter of 2009.
- Cash, cash equivalents and short-term investments totaled $362.4 million as of June 30, 2010.
“Our financial results demonstrate the ability to generate strong profits and cash flows, while continuing to deliver double-digit revenue growth, ” said Jeff Ganek, Neustar’s chairman and chief executive officer. “At the same time, we are investing in new high-growth opportunities, giving us the confidence that we can grow revenue in excess of 10% in the future while maintaining strong profits. In addition, we have announced a substantial share repurchase program that maintains our ability to invest in the business, pursue strategic acquisitions, and return wealth to our shareholders.”
