- Revenue of $167.5 million in Q2/12, down 1% from Q2/11, and up 3% from Q1/12
- Diluted earnings per share of 2 cents in Q2/12 after 79 cents of Maple and LSEG related costs, net impairment charges and tax adjustments
- Adjusted diluted earnings per share of 81 cents in Q2/12, down 14% from Q2/11, and up 7% from Q1/12
- Revenue of $329.8 million in the first half of 2012, down 4% compared with the first half of 2011
- 1H/12 diluted earnings per share of 78 cents after 78 cents of Maple and LSEG related costs, net impairment charges and tax adjustments
- Adjusted diluted earnings per share in 1H/12 of $1.56, down 18% from 1H/11
TMX Group Inc. [TSX:X] announced results for the second quarter ended June 30, 2012.
Commenting on this quarter's performance, Tom Kloet, Chief Executive Officer of TMX Group said:
“TMX Group advanced its strategic and operational goals at a time of continued uncertainty in global markets. While these macroeconomic conditions impacted our financial performance we benefited from the asset-class diversity of our business. In the derivatives segment, volumes on Montréal Exchange and Boston Options Exchange are ahead of the same period last year, somewhat offsetting revenue declines in our cash markets business."
Commenting on the Maple transaction, Mr. Kloet added:
"We are moving forward with the Maple transaction and look forward to a successful conclusion of the tendering process on July 31. The transaction provides value for shareholders, expands the business and enhances our international competitiveness. We are focused on providing additional benefits to Canadian participants and capital markets, and have begun work on the required integration planning with CDS and Alpha."
Michael Ptasznik, Chief Financial Officer of TMX Group said, “From an operational perspective, we were pleased with the sequential improvement in both revenues and adjusted diluted earnings per share. With the exception of cash markets trading revenue, we experienced sequential growth across our business, and at the same time realized a modest reduction inoperating expenses.”
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