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ICE reports record 2009 revenues

Atlanta, 10 February 2010

ICE, a leading operator of regulated global exchanges, clearing houses and over-the-counter (OTC) markets, hasreported record consolidated revenues of $257 million in the fourth quarter of 2009, an increase of 24% from fourth quarter 2008 revenues of $207 million. Consolidated net income attributable to ICE for the fourth quarter grew 72% to $84 million from $49 million in the prior fourth quarter. Diluted earnings per share (EPS) in the fourth quarter were $1.13, up 69% from fourth quarter 2008 diluted EPS of $0.67.

For the year ended December 31, 2009, ICE reported its sixth consecutive record year of consolidated revenues totaling $995 million, up 22% compared to 2008 revenues of $813 million. Consolidated 2009 net income attributable to ICE increased 5% to a record $316 million from $301 million in 2008, and diluted EPS increased 2% to $4.27 from $4.17. Consolidated cash flow from operations grew 30% to a record $487 million in 2009.

During the years ended December 31, 2009 and 2008, including during the fourth quarters of 2009 and 2008, certain items were included in ICE's operating results that management believes are not indicative of its operating performance. For the year ended December 31, 2009, consolidated adjusted net income attributable to ICE excluding these items was $334 million, up 7% from $312 million in 2008. For the fourth quarter of 2009, consolidated adjusted net income attributable to ICE excluding these items was $84 million, an increase of 39% versus the prior fourth quarter. Please refer to the reconciliation of non-GAAP financial measures included in this press release for more information on adjusted net income attributable to ICE.

"ICE executed on its strategic and financial objectives with focus, speed and discipline in 2009," said Scott Hill, ICE CFO. "We delivered record financial performance and completed the integration of Creditex and The Clearing Corporation to deliver CDS clearing, while maintaining best-in-class technology, growing our core business, investing in future growth and strengthening our growth- and customer-focused company culture."

ICE Chairman and CEO Jeffrey C. Sprecher said: "ICE's consistently strong performance, regardless of market conditions, is a result of our unwavering focus on our core markets, and on opportunities to expand our business to serve the evolving needs of our customers. In 2002, ICE took a leadership role in developing OTC clearing for the energy markets, and in 2009 we again led in developing a complete CDS clearing business. With a global footprint across trade execution, processing and clearing, ICE will continue to innovate and extend its risk management services, while creating value for our shareholders.

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