Institutional February 9, 2018 —by Valentina Kirilova  0



Cboe International Markets, Inc. (Nasdaq: CBOE) right this moment reported monetary outcomes for the fourth quarter and full yr of 2017.

Consolidated outcomes for the fourth quarter and full yr of 2017 embody Bats International Markets, Inc. (Bats), which was acquired by the company on February 28, 2017.

Edward T. Tilly

2017 was a transformational yr for Cboe International Markets. We made nice strides in our integration with Bats International Markets, whereas persevering with to ship worth to our prospects in addition to our shareholders,” mentioned Edward T. Tilly, Cboe International Markets Chairman and Chief Govt Officer. “We delivered on our key strategic initiatives and achieved report buying and selling in our highest-margin proprietary merchandise, together with VIX futures and choices and SPX choices, whereas persevering with to launch new progressive merchandise reminiscent of Cboe Bitcoin Futures.

Wanting forward, I imagine our robust monetary place, proprietary merchandise, diversified income combine and expanded world base will permit us to proceed to develop our enterprise and create shareholder worth.

The fourth quarter marked a robust end to 2017 on a number of monetary measures, together with eight p.c natural progress, EBITDA margin enlargement and year-one acquisition-related synergies that exceeded our goal,” added Brian Schell, Cboe International Markets Govt Vice President and Chief Monetary Officer. “In 2017, our robust money circulation technology allowed us to pay down $400 million of our time period mortgage whereas persevering with to spend money on our enterprise and enhance our dividend to shareholders. We anticipate the brand new tax regulation modifications to favorably impression our future money flows and plan to take care of a balanced strategy to capital deployment, with a give attention to growing long-term shareholder worth.

Fourth Quarter and Full 12 months Highlights

  • Fourth Quarter and Full-12 months Diluted EPS of $2.26 and $three.69, Respectively, Which Features a One-Time Good thing about $191.5 Million or $1.70 Per Share and $1.78 Per Share, Respectively, From Enactment of Tax Reform
  • Fourth Quarter and Full-12 months Adjusted Mixed Diluted EPS of $zero.871and $three.57, Respectively
  • Internet Income of $265.6 Million for the Quarter, up 86 P.c, Displays the Bats Acquisition
  • Internet Income up 7 P.c for Fourth Quarter and Full-12 months In comparison with Adjusted Mixed Internet Income for Prior-12 months Durations
  • Natural Internet Income up eight P.c for the Quarter and 9 P.c for the 12 months
  • Report-setting 12 months for Buying and selling in VIX Futures, VIX Choices, and SPX Choices Quantity
  • Bats Integration on Observe; Realized Price Synergies of Roughly $25 Million in 2017
  • Debt Discount of $75 Million in 4Q17; $400 Million for the 12 months

The entire report will be seen here.