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TMX Group Limited Reports Results For Q3/18

Date 09/11/2018

  • Diluted earnings per share of $1.02, up 10%, or 20% before discontinued operations, from Q3/17 
  • Adjusted diluted earnings per share of $1.19 up 12%, or 23% before discontinued operations over Q3/17 
  • Revenue of $192.8 million, up 27%, including 8% organic revenue growth, compared with Q3/17 
  • Cash flows from operating activities of $100.4 million, up 58% over Q3/17

TMX Group Limited [TSX:X] (“TMX Group”) today announced results for the third quarter ended September 30, 2018.

Commenting on the third quarter of 2018 and looking ahead, Lou Eccleston, Chief Executive Officer of TMX Group, said: "TMX has continued to evolve into a globally diversified business and, as our operating results for this past quarter and thus far in 2018 demonstrate, we are positioned to achieve long-term growth. Our strong performance in the third quarter was driven by growth across all business areas, led by Trayport and equities, derivatives and fixed income trading and clearing. TMX’s business model yielded strong results and increased returns for shareholders throughout the first nine months of the year, while we continued to execute on our strategy to deliver long-term profitable growth. As we look to the future, we remain in continuous pursuit of innovative solutions across the markets we serve and firmly committed to meeting the evolving needs of our global client base."

TMX Group Limited Reports Results for Q3/18