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NCI Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency

  • HONG KONG, July 09, 2024 (GLOBE NEWSWIRE) -- Neo-Concept International Group Holdings Limited (Nasdaq: NCI) (the “Company”), announced that, on July 8, 2024, the Company received a letter from the Listing Qualifications staff of The Nasdaq Stock Market ("Nasdaq") notifying the Company that based on the closing bid price of the Company for the period from May 21, 2024 to July 5, 2024, the Company no longer meets the continued listing requirement of Nasdaq under Nasdaq Listing Rules 5550(a)(2), to maintain a minimum bid price of $1 per share.
    07/09/2024

Why Is Neo-Concept (NCI) Stock Up 61% Today?

  • Neo-Concept (NASDAQ: NCI ) stock is up on Thursday alongside heavy pre-market trading for the apparel solutions company's shares this morning. This has more than 13 million shares of the company's stock changing hands as of this writing.
    06/13/2024
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The price of Neo-Concept International Group Holdings Limited (NCI) is 0.617 and it was updated on 2024-07-19 11:00:51.

Currently Neo-Concept International Group Holdings Limited (NCI) is in overvalued.

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NCI Announces Game-Changing Acquisition Turbocharges Retail Expansion

  • HONG KONG, May 29, 2024 (GLOBE NEWSWIRE) -- Neo-Concept International Group Holdings Limited (Nasdaq: NCI) (the “Company”), a one-stop apparel solution services provider, today announced a game-changing acquisition. The company has signed an Asset Purchase Agreement (“APA”) to acquire the intellectual property (“IP) and R&D capabilities of its affiliated company, Neo-Concept (Holdings) Company Limited (“NCH”).
    Wed, May. 29, 2024

Neo-Concept International Group Holdings Limited Announces Collaboration with Reiss Limited

  • HONG KONG, May 22, 2024 (GLOBE NEWSWIRE) --  Neo-Concept International Group Holdings Limited (Nasdaq: NCI) (the “Company”), a one-stop apparel solution services provider, today announced that its wholly-owned subsidiary Neo-Concept UK Limited (“NCUK”) had entered into a framework collaboration agreement (the "Collaboration Agreement") with Reiss Limited (“REISS”) to produce a range of co-branded “REISS x Les100Ciels” products.
    Wed, May. 22, 2024

NCI Announces Expansion Plan of UAE and GCC Retail Markets through Signing of MOU with Retail Operator Liwa Trading Enterprises LLC to Establish Joint Venture

  • HONG KONG, May 21, 2024 (GLOBE NEWSWIRE) -- Neo-Concept International Group Holdings Limited (Nasdaq: NCI) (the “Company”), a one-stop apparel solution services provider, today announced its expansion plan of UAE and GCC retail markets through the signing of a Memorandum of Understanding (“MOU”) with Liwa Trading Enterprises LLC (“Liwa”), a prominent retail group headquartered in the United Arab Emirates (“UAE”), to establish a joint venture company (“JV”) in the UAE.
    Tue, May. 21, 2024

Neo-Concept International Group Holdings Limited Announced Closing of Initial Public Offering

  • Hong Kong, April 25, 2024 (GLOBE NEWSWIRE) -- Neo-Concept International Group Holdings Limited (Nasdaq: NCI) (the “Company” or “Neo-Concept”), a one-stop apparel solution services provider which offers a full suite of services in the apparel supply chain, today announced the closing of its initial public offering (the “Offering”) of 2,320,000 ordinary shares at a price of $4.00 per share.
    Thu, Apr. 25, 2024

Neo-Concept International Group Holdings Limited Announces Pricing of Initial Public Offering and Listing on Nasdaq

  • NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) --  Neo-Concept International Group Holdings Limited (Nasdaq: NCI) (the “Company”), a one-stop apparel solution services provider, today announced the pricing of its initial public offering (the “Offering”) of 2,320,000 ordinary shares (the “Ordinary Shares”) on April 22, 2024, at a price of $4.00 per Ordinary Share. The Ordinary Shares are expected to begin trading on the Nasdaq Capital Market on April 23, 2024 under the symbol “NCI.”
    Tue, Apr. 23, 2024
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U.S. IPO Weekly Recap: Biotech Lexeo Stumbles After $100 Million IPO

  • Two IPOs are currently scheduled for the week ahead, although some small issuers may join the calendar late. As of 11/2/2023, the Renaissance IPO Index was up 23.5% year-to-date, while the S&P 500 was up 14.0%. Renaissance Capital's IPO ETF tracks Renaissance IPO Index, and top ETF holdings include Palantir Technologies and Kenvue.
  • 11/04/2023

Neo-Concept International Group Readies $9 Million Micro-IPO

  • Neo-Concept International Group Holdings Limited has filed for a micro-IPO to raise $9 million. The company offers apparel design, manufacturing, and logistics management services. Neo-Concept's revenue has declined, cash burn is high, and valuation expectations are excessive.
  • 11/02/2023

Navigant to Report Second Quarter 2019 Results on August 8, 2019

  • CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) will report its financial results for the quarter ended June 30, 2019 on Thursday, August 8, 2019 before the market opens. The announcement will be followed by a conference call to discuss the company’s business and financial results at 10 a.m. Eastern Time (9 a.m. Central Time). The conference call may be accessed via the Navigant website (investors.navigant.com) or by dialing 888.455.9733 (630.395.0358 for international callers) and referencing pass code “NCI.” An archived version of the webcast will also be available on the Navigant website. About Navigant Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage, and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the firm primarily serves clients in the healthcare, energy, and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
  • 07/25/2019

Navigant to Report First Quarter 2019 Results on April 25, 2019

  • CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) will report its financial results for the quarter ended March 31, 2019 on Thursday, April 25, 2019 before the market opens. The announcement will be followed by a conference call to discuss the company’s business and financial results at 10 a.m. Eastern Time (9 a.m. Central Time). The conference call may be accessed via the Navigant website (investors.navigant.com) or by dialing 888.455.9733 (630.395.0358 for international callers) and referencing pass code “NCI.” An archived version of the webcast will also be available on the Navigant website. About Navigant Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage, and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the firm primarily serves clients in the healthcare, energy, and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
  • 04/11/2019

Navigant to Report Fourth Quarter and Full-Year 2018 Results on February 26, 2019

  • CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) will report its financial results for the quarter and year ended December 31, 2018 on Tuesday, February 26, 2019 before the market opens. The announcement will be followed by a conference call to discuss the company’s business and financial results at 10 a.m. Eastern Time (9 a.m. Central Time). The conference call may be accessed via the Navigant website (investors.navigant.com) or by dialing 888.455.9733 (+1.630.395.0358 for international callers) and referencing pass code “NCI.” An archived version of the webcast will also be available on the Navigant website. About Navigant Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage, and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the firm primarily serves clients in the healthcare, energy, and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
  • 02/12/2019

Navigant Reports Third Quarter 2018 Financial Results and Declares Dividend

  • CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) today reported financial results for the quarter ended September 30, 2018 and declared a quarterly dividend. Third quarter 2018 highlights: Revenues and revenues before reimbursements (RBR) were $187.6 and $171.4 million respectively, up 1% and 4% compared to third quarter 2017 Net income of $74.0 million, which includes results from discontinued operations, was up $62.1 million compared to the prior year period largely due to a gain recognized on the divestiture of the Company’s DFLT and Transaction Advisory businesses (SaleCo divestiture); Net income from continuing operations of $6.8 million, or $0.15 per share, was up $1.0 million from the prior year period Adjusted Earnings per Share (EPS) from continuing operations of $0.15 increased $0.01 compared to third quarter 2017 Repurchased $36.6 million of common stock through expanded share repurchase plan and initiated first-ever quarterly dividend Management reaffirms its 2018 financial outlook for continuing operations as previously provided in conjunction with its second quarter 2018 earnings release Dividend declaration: The Company also announced today that its Board of Directors declared a quarterly cash dividend of $0.05 per share of common stock. This dividend will be payable on December 14, 2018 to shareholders of record on November 30, 2018. “Our overall third quarter results were in line with expectations, with top-line growth benefiting most notably from continued robust performance in our Energy segment, steady demand in our FSAC segment and contribution from the smooth start-up of our HSS joint-venture with Baptist Health South Florida,” said Julie Howard, chairman and CEO of Navigant. “We are pleased to affirm our 2018 continuing operations guidance targets.” Howard continued, “Also in the quarter, with the closing of the SaleCo divestiture, we made meaningful progress toward our goal of returning up to $175 million to shareholders with the initiation of our first-ever quarterly dividend and the repurchase of over $36 million of our common stock. We are excited about the business going forward and believe our post-divestiture positioning, as a specialized management consulting and managed services business serving industries experiencing significant business model transformation, enhances our ability to maximize value for all stakeholders.” THIRD QUARTER 2018 FINANCIAL RESULTS Increase / (Decrease) Navigant reported third quarter 2018 revenues and RBR of $187.6 million and $171.4 million respectively, up 1% and 4% compared to the third quarter 2017. The quarter benefited from the start-up of the Health System Solutions (HSS) joint-venture and continued robust demand in the Energy segment which helped to offset some softness in Healthcare consulting. Adjusted EBITDA from continuing operations for third quarter 2018 was $17.5 million, down 7% from the prior year period as higher RBR in each segment and lower bad debt expense was more than offset by higher costs related to the maintenance of resources in Healthcare consulting and headcount and technology investments in the Financial Services Advisory and Compliance segment. Third quarter 2018 net income of $74.0 million, which includes results from discontinued operations, was up $62.1 million compared to third quarter 2017 largely due to a $60.2 million after-tax gain recognized in discontinued operations for the SaleCo divestiture. Net income from continuing operations of $6.8 million was up $1.0 million compared to the third quarter 2017 driven by the lapping of a contingent consideration adjustment in the prior year period, lower net interest costs in the current year period, as well as the impact of the operating items discussed above. Third quarter 2018 Adjusted EPS from continuing operations of $0.15 was up $0.01 compared to the third quarter 2017 aided by a lower share count in the current year period. THIRD QUARTER 2018 SEGMENT RESULTS Increase /(Decrease) Healthcare segment RBR of $101.8 million increased 1% for the third quarter 2018 compared to the same prior year period driven by the start-up of the HSS joint venture with Baptist Health South Florida which more than offset some softness in Healthcare consulting. Segment operating profit of $28.7 million declined $3.0 million in third quarter 2018 compared to the third quarter 2017 as start-up costs related to the HSS joint venture and costs related to the maintenance of resources in healthcare consulting in anticipation of improving demand impacted profitability in the current year period. Energy segment RBR for third quarter 2018 of $34.6 million increased 17% compared to third quarter 2017, driven by continued strong demand across the segment. Segment operating profit of $10.9 million for the quarter was up 34% compared to the third quarter 2017 driven by the strong top-line performance and continued cost control. Financial Services Advisory and Compliance segment RBR for the third quarter 2018 finished at $35.0 million, up 1% compared to third quarter 2017, underpinned by solid demand across the segment in specialties such as financial crime and operational efficiency engagements. Segment operating profit of $11.5 million decreased 24% as revenue gains were offset by headcount and technology investments made in the current year period to support future growth. CASH FLOW AND BALANCE SHEET Third quarter 2018 net cash provided by operating activities was $24.7 million compared to $35.2 million for third quarter 2017, as favorable net working capital in the current year period was more than offset by the timing of tax payments related to the SaleCo divestiture. Days Sales Outstanding for continuing operations was 75 days as of September 30, 2018, 2 days higher compared to December 31, 2017. Bank debt was repaid in full as of September 30, 2018 and cash and cash equivalents were $277.4 million at the end of the period reflecting the cash proceeds from the completed SaleCo transaction. Navigant expanded its share repurchase program and repurchased an additional 1.54 million shares of common stock during the third quarter of 2018 at an aggregate cost of $36.6 million and an average price of $23.76 per share. As of September 30, 2018, the Company had $135.4 million remaining under its expanded stock repurchase authorization, which was refreshed on May 10, 2018 and expires on December 31, 2020. 2018 GUIDANCE – CONTINUING OPERATIONS Management reaffirms 2018 guidance for continuing operations, which was originally provided in August 2018: Revenues estimated to be between $740 million and $765 million RBR expected to range between $660 million and $685 million Adjusted EBITDA expected to range between $52 million and $59 million Adjusted EPS estimated to be between $0.40 and $0.50 per share CONFERENCE CALL DETAILS Navigant will host a conference call to discuss the Company’s third quarter 2018 results at 10 a.m. Eastern Time (9 a.m. Central Time) later this morning, Thursday, Nov. 8, 2018. The conference call may be accessed via the Navigant website (investors.navigant.com) or by dialing 888.455.9733 (630.395.0358 for international callers) and referencing pass code “NCI.” Presentation materials for the webcast, as well as a report of financial and related supplemental information will available on the Navigant website, as will an archived replay of the earnings conference call. NON-GAAP FINANCIAL INFORMATION This press release includes certain non-GAAP financial measures as defined by the Securities and Exchange Commission. Reconciliations of these non-GAAP financial measures to the most directly comparable financial measure calculated and presented in accordance with generally accepted accounting principles (GAAP) are included in the financial schedules attached to this press release. This information should be considered as supplemental in nature and not as a substitute for, or superior to, any measure of performance prepared in accordance with GAAP. Navigant has provided guidance regarding Adjusted EBITDA and Adjusted Earnings Per Share both of which exclude the impact of severance expense and other operating costs (benefit), as applicable. Navigant is not able to accurately forecast the excluded items at the level of precision that would be required to be included in the most directly comparable GAAP financial measure without unreasonable efforts. BASIS OF PRESENTATION Due to the sale of the Disputes, Forensics and Legal Technology segment and the Transaction Advisory Services practice, formerly part of the Financial Services Advisory and Compliance segment, the Company has classified these businesses (collectively referred to as “SaleCo”) as discontinued operations with the assets and liabilities being presented as held-for-sale in prior periods. Prior period comparisons have been adjusted to reflect this reporting change. DEFINITIONS Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings per Share (EPS) Adjusted EBITDA is EBITDA – earnings before interest, taxes, depreciation, and amortization – excluding the impact of severance expense and other operating costs (benefit), as applicable. Adjusted Net Income and Adjusted Earnings per Share exclude the net income and per share net income impact of severance expense, other operating costs (benefit), the benefit recognized in the fourth quarter 2017 related to the 2017 Tax Cuts and Jobs Act, the benefit recognized in the second quarter 2018 related to the recognition of goodwill tax basis on a portion of the assets that were moved to discontinued operations (which impacted discontinued operations only), and the gain recognized in the third quarter 2018 related to the SaleCo divestiture (which impacted discontinued operations only), as applicable. While other operating costs (benefit) are generally non-recurring in nature, severance expense and certain other operating costs are not considered to be non-recurring, infrequent or unusual to our business. Management believes that these non-GAAP financial measures provide investors with enhanced comparability of Navigant’s results of operations across periods. See non-GAAP reconciliations for more details. Free Cash Flow is calculated as net cash provided by (used in) operations excluding the change in assets, liabilities and allowance for doubtful accounts less cash payment for property, equipment and deferred acquisition liabilities. Free Cash Flow does not represent cash available for spending as it excludes certain contractual obligations such as debt repayment. However, management believes that Free Cash Flow provides investors with an indicator of cash available for on-going business operations and long-term value creation. See non-GAAP reconciliations for more details. ABOUT NAVIGANT Navigant Consulting, Inc. (NYSE: NCI) (“the Company”) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage, and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the firm primarily serves clients in the healthcare, energy, and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com. Statements included in this report which are not historical in nature are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may generally be identified by words such as “anticipate,” “believe,” “should,” “could,” “intend,” “estimate,” “likely,” “continue,” “projects,” “positioned,” “outlook” and similar expressions. These statements are based upon management’s current expectations and speak only as of the date of this quarterly statement and are not guarantees of future performance. The Company cautions readers that there may be events in the future that the Company is not able to accurately predict or control and the information contained in the forward-looking statements is inherently uncertain and subject to a number of risks that could cause actual results to differ materially from those contained in or implied by the forward-looking statements including, without limitation: the risk of unanticipated costs, liabilities and adverse impact on business operations arising from the Company’s provision of post-divestiture transition services and support in connection with the SaleCo transaction; the execution of the Company’s long-term growth objectives and margin improvement initiatives; risks inherent in international operations, including foreign currency fluctuations; ability to make acquisitions and divestitures and complete such acquisitions and divestitures in the time anticipated; pace, timing and integration of acquisitions; operational risks associated with new or expanded service areas, including business process management services; impairments; changes in accounting standards or tax rates, laws or regulations; management of professional staff, including dependence on key personnel, recruiting, retention, attrition and the ability to successfully integrate new consultants into the Company’s practices; utilization rates; conflicts of interest; potential loss of clients or large engagements and the Company’s ability to attract new business; brand equity; competition; accurate pricing of engagements, particularly fixed fee and multi-year engagements; clients’ financial condition and their ability to make payments to the Company; risks inherent with litigation; higher risk client assignments; government contracting; professional liability; information security; the adequacy of our business, financial and information systems and technology; maintenance of effective internal controls; potential legislative and regulatory changes; continued and sufficient access to capital; compliance with covenants in our credit agreement; interest rate risk; and market and general economic and political conditions. Further information on these and other potential factors that could affect the Company’s business and financial condition and the results of operations are included in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, and elsewhere in the Company’s filings with the Securities and Exchange Commission (“SEC”), which are available on the SEC’s website or at investors.navigant.com. The Company cannot guarantee any future results, levels of activity, performance or achievement and undertakes no obligation to update any of its forward-looking statements. For the quarter ended For the nine months ended EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings Per Share (2) For the quarter ended Discontinued operations (5) Discontinued operations (continued) (5) Free Cash Flow (8) Leverage Ratio (9) 128,291 176,723 1.38 Organic Growth (10) (2,685 495,370 Footnotes (1) Per share data may not sum due to rounding. (2) EBITDA is earnings before interest, taxes, depreciation and amortization. Adjusted EBITDA excludes the impact of severance expense and other operating costs (benefit), as applicable. Adjusted Net Income and Adjusted Earnings per Share exclude net income and per share net income impact of severance expense and other operating costs (benefit), the benefit recognized in the fourth quarter 2017 related to the 2017 Tax Cuts and Jobs Act, the benefit recognized in the second quarter 2018 related to the recognition of goodwill tax basis on a portion of SaleCo assets that were moved to assets held for sale (which impacted discontinued operations only), and the gain recognized in the third quarter 2018 related to the SaleCo divestiture (which impacted discontinued operations only),as applicable. While other operating costs (benefit) are generally non-recurring in nature, severance expense and certain other operating costs are not considered to be non-recurring, infrequent or unusual to our business. Management believes that these non-GAAP financial measures provide investors with enhanced comparability of Navigant's results of operations across periods. (3) Effective income tax expense has been determined based on specific tax jurisdiction. (4) In 2018, the Company incurred non-recurring legal costs relating to a shareholder proxy contest, as well as non-recurring fees and expenses relating to the SaleCo transaction. (5) On June 23, 2018, we entered into an agreement to sell all of the operations of the former Disputes, Forensics and Legal Technology segment and the Transaction Advisory Services group within the Financial Services Advisory and Compliance segment to Ankura Consulting Group, LLC. These businesses ("SaleCo”) have been classified as discontinued operations in our results. The sale closed on August 24, 2018. (6) Represents the gain recognized in the third quarter 2018 related to the August 24, 2018 closing of the SaleCo divestiture. (7) Due to held-for-sale presentation triggered by the SaleCo divestiture, the Company recognized a $7.9 million tax benefit related to the recognition of goodwill tax basis on a portion of the assets that were moved to assets held for sale. (8) Free cash flow for the third quarter 2018 was impacted by the timing of certain tax items related to the SaleCo divestiture. Free Cash Flow is calculated as net cash provided from operations excluding changes in assets and liabilities and allowance for doubtful accounts receivable less cash payments for property and equipment and deferred acquisition related payments. Free cash flow does not represent discretionary cash available for spending as it excludes certain contractual obligations such as debt repayment. However, management believes that it provides investors with an indicator of cash flows available for on-going business operations and long-term value creation. (9) Leverage ratio is calculated as bank debt at the end of the period divided by Adjusted EBITDA (for continuing and discontinued operations) for the prior twelve-month period. Management believes that leverage ratio provides investors with an indicator of the cash flows available to repay the Company's debt obligations. (10) Organic growth represents revenues before reimbursements from continuing operations adjusted to include the impact of our acquisitions as if we owned them from the beginning of each comparable period and adjusted to exclude the impact of foreign currency exchange rate fluctuations. Management believes that organic growth reflects the growth of our existing business and is, therefore, useful in analyzing the Company's financial condition and results of operations.
  • 11/08/2018

Navigant to Report Second Quarter 2018 Results on August 2, 2018

  • CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) will report its financial results for the quarter ended June 30, 2018 on Thursday, Aug. 2, 2018 before the market opens. The announcement will be followed by a conference call to discuss the company’s business and financial results at 9 a.m. Eastern Time (8 a.m. Central Time). The conference call may be accessed via the Navigant website (investors.navigant.com) or by dialing 888.455.9733 (630.395.0358 for international callers) and referencing pass code “NCI.” An archived version of the webcast will also be available on the Navigant website. About Navigant Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage, and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the firm primarily serves clients in the healthcare, energy, and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
  • 07/26/2018

Navigant to Report First Quarter 2018 Results on May 2, 2018

  • CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) will report its financial results for the quarter ended March 31, 2018 on Wed., May 2, 2018 before the market opens. The announcement will be followed by a conference call to discuss the company’s business and financial results at 10 a.m. Eastern Time (9 a.m. Central Time). The conference call may be accessed via the Navigant website (investors.navigant.com) or by dialing 888.455.9733 (630.395.0358 for international callers) and referencing pass code “NCI.” An archived version of the webcast will also be available on the Navigant website. About Navigant Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage, and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the firm primarily serves clients in the healthcare, energy, and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
  • 04/18/2018

Navigant to Report Fourth Quarter and Full Year 2017 Results on February 20, 2018

  • CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) will report its financial results for the fourth quarter and full year ended Dec. 31, 2017 on Tuesday, Feb. 20, 2018 before the market opens. The announcement will be followed by a conference call to discuss the company’s business and financial results at 10 a.m. Eastern Time (9 a.m. Central Time). The conference call may be accessed via the Navigant website (investors.navigant.com) or by dialing 888.455.9733 (630.395.0358 for international callers) and referencing pass code “NCI.” An archived version of the webcast will also be available on the Navigant website. About Navigant Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage, and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the firm primarily serves clients in the healthcare, energy, and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
  • 02/13/2018

Navigant to Report Third Quarter 2017 Results on October 26, 2017

  • CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) will report its financial results for the third quarter ended Sept. 30, 2017 on Thursday, Oct. 26, 2017 before the market opens. The announcement will be followed by a conference call to discuss the company’s business and financial results at 10 a.m. Eastern Time (9 a.m. Central Time). The conference call may be accessed via the Navigant website (investors.navigant.com) or by dialing 888.455.9733 (630.395.0358 for international callers) and referencing pass code “NCI.” An archived version of the webcast will also be available via the Navigant website. About Navigant Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage, and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the firm primarily serves clients in the healthcare, energy, and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
  • 10/05/2017

Navigant to Report Second Quarter 2017 Results on July 31, 2017

  • CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) will report its financial results for the second quarter ended June 30, 2017 on Monday, July 31, 2017 before the market opens. The announcement will be followed by a conference call to discuss the company’s business and financial results at 10 a.m. Eastern Time (9 a.m. Central Time). The conference call may be accessed via the Navigant website (investors.navigant.com) or by dialing 800.988.9675 (415.228.4875 for international callers) and referencing pass code “NCI.” An archived version of the webcast will also be available via the Navigant website. About Navigant Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage, and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the firm primarily serves clients in the healthcare, energy, and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
  • 07/17/2017

Navigant Reports First Quarter 2017 Financial Results

  • CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) today announced financial results for the first quarter ended March 31, 2017. Financial Summary and Highlights: First quarter 2017 revenues before reimbursements (RBR) of $236.2 million increased 6%, with 4% organic growth, compared to first quarter 2016 First quarter 2017 total revenues of $257.8 million increased 5% compared to first quarter 2016 First quarter 2017 net income was $11.1 million, or $0.23 per share, compared to $12.6 million, or $0.26 per share, for first quarter 2016 First quarter 2017 adjusted earnings per share (EPS) of $0.27 was flat compared to first quarter 2016 Refinanced $400 million revolving credit facility extending maturity date to March 2022 under favorable terms Extended share repurchase authorization through Dec. 31, 2019 with an approved limit of $100 million Reiterated 2017 outlook “During the quarter, Navigant continued to achieve organic growth following a very strong 2016. As anticipated, contributions from our segments varied specific to client and industry demands in the face of an uncertain regulatory environment in some of our core industry sectors,” said Julie Howard, Navigant chairman and CEO. “Looking ahead, we are focused on the consistent execution of our growth strategy. With our diverse portfolio of service offerings and our disciplined management approach, we remain confident in our ability to deliver on our financial and operating goals for 2017.” Navigant reported first quarter 2017 RBR of $236.2 million, a 6% increase (4% organic growth), compared to $223.5 million for first quarter 2016. Total revenues increased 5% to $257.8 million for first quarter 2017 compared to $245.3 million for first quarter 2016. Net income for first quarter 2017 was $11.1 million, or $0.23 per share, compared to $12.6 million, or $0.26 per share, in the prior year first quarter. Adjusted EPS was $0.27 for first quarter 2017, flat compared to first quarter 2016. First quarter 2017 adjusted EBITDA was $31.5 million, a 3% increase, compared to $30.6 million for the same period in 2016. Segment Financial Summary For the quarter ended March 31, Healthcare segment RBR increased 11% for first quarter 2017 compared to the respective period in 2016, mostly on an organic basis. Growth was driven by continued demand from providers for large, strategy-led transformation projects, in addition to demand from life sciences companies for commercialization solutions. Segment operating profit was up 16% in first quarter 2017 compared to the respective period of 2016. Energy segment RBR increased 21% for first quarter 2017 on a year-over-year basis, led by contributions from the Ecofys acquisition announced in November 2016. Segment operating profit was up 32% in first quarter 2017 compared to first quarter 2016. Financial Services Advisory and Compliance segment RBR for first quarter 2017 decreased 2% compared to the prior year quarter, primarily driven by the conclusion of some engagements and lighter-than-normal volume in compliance and controls services for some of our core financial institution clients. Segment operating profit was down 14% in first quarter 2017 compared to the respective period of 2016. Disputes, Forensics & Legal Technology first quarter 2017 segment RBR decreased 1% year-over-year (flat on a foreign currency neutral basis), which is relatively stable compared to prior quarter results. The segment experienced continued demand for our global expertise in complex industrial, infrastructure and commercial project matters, an increase in the volume of legal technology engagements, and an increase in performance-based fees associated with mass tort claims. Segment operating profit was down 8% in first quarter 2017 compared to the respective period of 2016. Cash Flow Net cash used in operating activities for first quarter 2017 was $23.0 million compared to $26.6 million for first quarter 2016. Free cash flow decreased to $13.3 million for first quarter 2017 compared to $21.0 million for the same period in 2016, primarily driven by increased capital expenditures due to the relocation of our Chicago headquarters. Days Sales Outstanding was 86 days as of March 31, 2017, up eight days compared to March 31, 2016. Bank debt was $178.3 million at March 31, 2017, compared to $211.5 million at March 31, 2016 and $135.0 million at Dec. 31, 2016. Leverage (bank debt divided by trailing twelve month adjusted EBITDA) was 1.25 at March 31, 2017, compared to 1.72 at March 31, 2016 and 0.95 at Dec. 31, 2016. The increase in the debt leverage as of March 31, 2017 compared to the previous quarter was driven by 2016 annual incentive compensation payments. Also, during the quarter, Navigant entered into a new credit agreement, refinancing its $400-million revolving credit facility and extending the maturity date of the facility to March 2022. Navigant repurchased 207,298 shares of common stock during first quarter 2017 at an aggregate cost of $5.0 million and an average cost of $23.93 per share. Effective May 1, 2017, our board of directors increased the amount available under the company’s stock repurchase authorization to $100 million and extended the authorization through Dec. 31, 2019. 2017 Outlook Navigant reiterated its 2017 financial outlook. As previously disclosed, full year 2017 RBR is expected to range between $975 million and $1.010 billion while 2017 total revenues are estimated to be between $1.075 billion and $1.115 billion. Adjusted EBITDA for the full year 2017 is expected to range between $145 and $156 million and adjusted EPS for the full year 2017 is estimated to be between $1.29 and $1.36. Non-GAAP Financial Information This press release includes certain non-GAAP financial measures as defined by the Securities and Exchange Commission. Reconciliations of these non-GAAP financial measures to the most directly comparable financial measure calculated and presented in accordance with generally accepted accounting principles (GAAP) are included in the financial schedules attached to this press release. This information should be considered as supplemental in nature and not as a substitute for, or superior to, any measure of performance prepared in accordance with GAAP. No reconciliation of Navigant’s 2017 adjusted EBITDA guidance and 2017 adjusted EPS guidance, both of which exclude the impact and tax-effected impact of severance expense and other operating costs (benefit), respectively, is included in the financial schedules attached to this press release. Navigant is not able to accurately forecast the excluded items at the level of precision that would be required to be included in the most directly comparable GAAP financial measure without unreasonable efforts. Conference Call Details Navigant will host a conference call to discuss the company’s first quarter 2017 results at 10 a.m. Eastern Time (9 a.m. Central Time) on Wednesday, May 3, 2017. The conference call may be accessed via the Navigant website (investors.navigant.com) or by dialing 888.455.9733 (630.395.0358 for international callers) and referencing pass code “NCI.” An archived version of the webcast will also be available via the Navigant website. A report of financial and related supplemental information is also available via the Navigant website. About Navigant Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage, and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the firm primarily serves clients in the healthcare, energy, and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com. Statements included in this press release which are not historical in nature are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may generally be identified by words such as “anticipate,” “believe,” “may,” “could,” “intend,” “estimate,” “expect,” “plan,” “outlook” and similar expressions. These statements are based upon management’s current expectations and speak only as of the date of this press release. The Company cautions readers that there may be events in the future that the Company is not able to accurately predict or control and the information contained in the forward-looking statements is inherently uncertain and subject to a number of risks that could cause actual results to differ materially from those contained in or implied by the forward-looking statements including, without limitation: the execution of the Company’s long-term growth objectives and margin improvement initiatives; risks inherent in international operations, including foreign currency fluctuations; ability to make acquisitions and divestitures; pace, timing and integration of acquisitions and separation of divestitures; operational risks associated with new or expanded service areas, including business process management services; impairments; changes in accounting standards or tax rates, laws or regulations; management of professional staff, including dependence on key personnel, recruiting, retention, attrition and the ability to successfully integrate new consultants into the Company’s practices; utilization rates; conflicts of interest; potential loss of clients or large engagements and the Company’s ability to attract new business; brand equity; competition; accurate pricing of engagements, particularly fixed fee and multi-year engagements; clients’ financial condition and their ability to make payments to the Company; risks inherent with litigation; higher risk client assignments; government contracting; professional liability; information security; the adequacy of our business, financial and information systems and technology; maintenance of effective internal controls; potential legislative and regulatory changes; continued and sufficient access to capital; compliance with covenants in our credit agreement; interest rate risk; and market and general economic and political conditions. Further information on these and other potential factors that could affect the Company’s financial results are included under the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, and elsewhere in the Company’s filings with the Securities and Exchange Commission (SEC), which are available on the SEC’s website or at investors.navigant.com. The Company cannot guarantee any future results, levels of activity, performance or achievement and undertakes no obligation to update any of its forward-looking statements. Selected Data (unaudited) EBITDA, adjusted EBITDA, adjusted Net Income and adjusted Earnings Per Share (2) For the quarter ended March 31, Free Cash Flow (4) Leverage Ratio (5) Organic Growth (6)
  • 05/03/2017

Navigant Reports Fourth Quarter and Full Year 2016 Financial Results; Provides 2017 Outlook

  • CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) today announced financial results for the fourth quarter and the full year ended December 31, 2016. The Company also introduced its business and financial outlook for 2017. Financial Summary and Highlights: Full year 2016 total revenues surpassed the billion-dollar threshold for the first time in Navigant’s history at $1.03 billion Full year 2016 revenues before reimbursements (RBR) of $938.7 million increased 13%, with 9% organic growth, compared to full year 2015 Full year 2016 net income was $58.1 million, or $1.19 per share, compared to $60.3 million, or $1.23 per share, for full year 2015 Full year 2016 adjusted earnings per share (EPS) of $1.27 was up 19% over full year 2015 “Navigant delivered outstanding results in 2016, far exceeding our historical trends in top and bottom line growth, our original estimates for the year and general economic growth,” commented Julie Howard, Chairman and Chief Executive Officer. “Seamless execution on our strategic plans and the clear alignment of our professionals’ expertise to the transformational issues impacting our clients translated into strong business performance. We are very pleased to have delivered significant value to our shareholders as a result. Looking ahead, I view 2017 with measured optimism. We plan to remain nimble in aligning our resources and capabilities to address the potential changes that may occur for our clients as the regulatory environment evolves.” Navigant reported fourth quarter 2016 RBR of $239.7 million, a 13% increase (9% organic growth), compared to $212.0 million for fourth quarter 2015. Total revenues increased 14% to $266.1 million for fourth quarter 2016 compared to $232.6 million for fourth quarter 2015. Net income for fourth quarter 2016 was $13.5 million, or $0.28 per share, compared to $13.2 million, or $0.27 per share, in the prior year fourth quarter. Adjusted EPS was $0.30 for fourth quarter 2016, up 7% compared to fourth quarter 2015. Fourth quarter 2016 adjusted EBITDA was $34.8 million, a 13% increase, compared to $30.9 million for the same period in 2015. Adjusted EBITDA margin (adjusted EBITDA as a percent of RBR) for fourth quarter 2016 was 14.5%, flat compared to fourth quarter 2015. RBR for full year 2016 increased 13% (9% organic growth) on a year-over-year basis to $938.7 million compared to $833.8 million for full year 2015. Total revenues for full year 2016 increased 13% on a year-over-year basis to $1.03 billion compared to $919.5 million for full year 2015. Net income for full year 2016 was $58.1 million, or $1.19 per share, compared to $60.3 million, or $1.23 per share, in 2015. Adjusted EPS was $1.27 for full year 2016, up 19% compared to full year 2015. Full year 2016 adjusted EBITDA was $142.3 million, an 18% increase, compared to $120.9 million for full year 2015. Adjusted EBITDA margin for full year 2016 increased to 15.2% compared to 14.5% for full year 2015. “We made significant progress on our growth strategy while strengthening our financial position during 2016,” said Stephen Lieberman, Executive Vice President and Chief Financial Officer. “We completed strategic acquisitions and made investments to complement and enhance our core businesses, while also remaining intensely focused on strong capital management. Going forward, our emphasis will be on operating more efficiently to advance our growth agenda and to meet the financial targets we set forth today.” Segment Financial Highlights Healthcare segment RBR increased 21% for fourth quarter 2016 and 23% for full year 2016 compared to the respective periods in 2015, with more than half of that growth organic. Strength in both fourth quarter 2016 and full year 2016 was driven by continued demand for large, strategy-led transformation projects and revenue cycle consulting engagements. Segment operating profit was up 27% in both fourth quarter 2016 and full year 2016, compared to the respective periods of 2015. Energy segment RBR increased 14% for fourth quarter 2016 on a year-over-year basis, primarily driven by contributions from the Ecofys acquisition announced in November 2016. Full year 2016 RBR was up 9% from full year 2015, with more than half of that growth organic, reflecting an increase in demand for strategy and operations projects for utilities and energy efficiency evaluation and standards engagements driven largely by increased penetration of key client accounts. Segment operating profit was up 11% in fourth quarter 2016 and up 4% in full year 2016, compared to the respective periods in 2015. The Financial Services Advisory and Compliance segment RBR for fourth quarter 2016 increased 21% compared to the prior year quarter and increased 22% for full year 2016 compared to full year 2015, all on an organic basis. Strength was driven primarily by continued demand for financial crimes consulting expertise and an increase in compliance and controls engagements for major financial institutions, as compared to the prior year periods. Segment operating profit was up 18% in fourth quarter 2016 and up 29% in full year 2016, compared to the respective periods of 2015, driven by RBR growth, better pricing and greater use of lower cost, flexible resources. The Disputes, Forensics & Legal Technology segment RBR increased 2% for fourth quarter 2016 and 1% for full year 2016 compared to the respective periods in 2015, all on an organic basis. Growth in both fourth quarter 2016 and full year 2016 was primarily driven by the continued strong demand for our global expertise in complex industrial, infrastructure and commercial project matters and an increase in performance-based fees associated with mass tort claims work. Segment operating profit was up 4% in fourth quarter 2016 and up 6% in full year 2016 compared to the respective periods of 2015. Cash Flow Net cash provided by operating activities for fourth quarter 2016 was $54.4 million compared to $49.0 million for fourth quarter 2015, and was $110.0 for full year 2016 compared to $83.1 million for full year 2015, as a result of improved earnings. Free cash flow increased to $7.9 million for fourth quarter 2016 compared to $7.5 million for the same period in 2015, primarily driven by a decrease in deferred acquisition payments, partially offset by increased capital expenditures. Full year 2016 free cash flow was $78.8 million compared to $49.0 million for full year 2015, reflecting improved operating performance, decreased capital expenditures and a decrease in deferred acquisition payments. Days Sales Outstanding was 81 days as of December 31, 2016, up five days compared to December 31, 2015. Bank debt was $135.0 million at December 31, 2016, compared to $173.7 million at December 31, 2015 and $161.2 million at September 30, 2016. Leverage (bank debt divided by trailing twelve month adjusted EBITDA) was 0.95 at December 31, 2016, compared to 1.44 at December 31, 2015 and 1.17 at September 30, 2016. Navigant repurchased 291,495 shares of common stock during fourth quarter 2016 at an aggregate cost of $6.3 million and an average cost of $21.46 per share. For full year 2016, the Company repurchased approximately 1.4 million shares of common stock at an aggregate cost of $25.1 million and an average cost of $17.45 per share. As of December 31, 2016, approximately $63.0 million remained available under the Company’s share repurchase authorization. 2017 Outlook Navigant is introducing its 2017 outlook. Full year 2017 RBR is expected to range between $975 million and $1.010 billion while 2017 total revenues are estimated to be between $1.075 billion and $1.115 billion. Adjusted EBITDA for the full year 2017 is expected to range between $145 and $156 million and adjusted EPS for the full year 2017 is estimated to be between $1.29 and $1.36. Non-GAAP Financial Information This press release includes certain non-GAAP financial measures as defined by the Securities and Exchange Commission. Reconciliations of these non-GAAP financial measures to the most directly comparable financial measure calculated and presented in accordance with generally accepted accounting principles (GAAP) are included in the financial schedules attached to this press release. This information should be considered as supplemental in nature and not as a substitute for, or superior to, any measure of performance prepared in accordance with GAAP. No reconciliation of Navigant’s 2017 adjusted EBITDA guidance and 2017 adjusted EPS guidance, both of which exclude the impact and tax-effected impact of severance expense and other operating costs (benefit), respectively, is included in the financial schedules attached to this press release. Navigant is not able to accurately forecast the excluded items at the level of precision that would be required to be included in the most directly comparable GAAP financial measure without unreasonable efforts. Conference Call Details Navigant will host a conference call to discuss the Company’s fourth quarter and full year 2016 results at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on Thursday, February 16, 2017. The conference call may be accessed via the Navigant website (investors.navigant.com) or by dialing 888.455.9733 (630.395.0358 for international callers) and referencing pass code “NCI.” An archived version of the webcast will also be available via the Navigant website. A report of financial and related supplemental information is also available via the Navigant website. About Navigant Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on industries and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services markets. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com. Statements included in this press release which are not historical in nature are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may generally be identified by words such as “anticipate,” “believe,” ”may,” “could,” “intend,” “estimate,” “expect,” “plan,” “outlook” and similar expressions. These statements are based upon management’s current expectations and speak only as of the date of this press release. The Company cautions readers that there may be events in the future that the Company is not able to accurately predict or control and the information contained in the forward-looking statements is inherently uncertain and subject to a number of risks that could cause actual results to differ materially from those contained in or implied by the forward-looking statements including, without limitation: the execution of the Company’s long-term growth objectives and margin improvement initiatives; risks inherent in international operations, including foreign currency fluctuations; ability to make acquisitions and divestitures; pace, timing and integration of acquisitions and separation of divestitures; operational risks associated with new or expanded service areas, including business process management services; impairments; changes in accounting standards or tax rates, laws or regulations; management of professional staff, including dependence on key personnel, recruiting, retention, attrition and the ability to successfully integrate new consultants into the Company’s practices; utilization rates; conflicts of interest; potential loss of clients or large engagements and the Company’s ability to attract new business; brand equity; competition; accurate pricing of engagements, particularly fixed fee and multi-year engagements; clients’ financial condition and their ability to make payments to the Company; risks inherent with litigation; higher risk client assignments; government contracting; professional liability; information security; the adequacy of our business, financial and information systems and technology; maintenance of effective internal controls; potential legislative and regulatory changes; continued and sufficient access to capital; compliance with covenants in our credit agreement; interest rate risk; and market and general economic and political conditions. Further information on these and other potential factors that could affect the Company’s financial results are included under the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, and elsewhere in the Company’s filings with the Securities and Exchange Commission (SEC), which are available on the SEC’s website or at investors.navigant.com. The Company cannot guarantee any future results, levels of activity, performance or achievement and undertakes no obligation to update any of its forward-looking statements. Selected Data (unaudited) EBITDA, adjusted EBITDA, adjusted Net Income and adjusted Earnings Per Share (2) Free Cash Flow (7) Leverage Ratio (8) Organic Growth (9)
  • 02/16/2017

Navigant Reports Third Quarter 2016 Financial Results

  • CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) today announced financial results for the third quarter ended September 30, 2016. Financial Summary and Highlights: Third quarter 2016 revenues before reimbursements (RBR) increased 13%, with 10% organic growth, over third quarter 2015 Third quarter 2016 net income was $17.2 million, or $0.35 per share, compared to $14.2 million, or $0.29 per share, in third quarter 2015 Third quarter 2016 adjusted earnings per share (EPS) of $0.37, up 23% compared to third quarter 2015 Third quarter 2016 adjusted EBITDA of $39.8 million, up 26% over third quarter 2015 Raises 2016 revenue and earnings guidance Navigant reported third quarter 2016 RBR of $237.1 million, a 13% increase (10% organic growth), compared to $209.6 million for third quarter 2015. Total revenues increased 14% to $261.4 million for third quarter 2016 compared to $230.3 million for third quarter 2015. Net income for third quarter 2016 was $17.2 million, or $0.35 per share, compared to $14.2 million, or $0.29 per share, in the prior year third quarter. Adjusted EPS was $0.37 for third quarter 2016, up 23% compared to third quarter 2015. Third quarter 2016 adjusted EBITDA was $39.8 million, a 26% increase, compared to $31.6 million for the same period in 2015. Adjusted EBITDA margin (adjusted EBITDA as a percent of RBR) for third quarter 2016 increased to 16.8% compared to 15.1% in third quarter 2015. “Our third quarter results reflect continued strong performance delivering double-digit organic growth and improved profitability,” commented Julie Howard, Chairman and Chief Executive Officer. “I am truly pleased that the consistent execution of our strategy in combination with a robust demand environment is bearing fruit for our stakeholders. We currently are on track to meet or exceed our expectations for the full year 2016. Looking ahead, we hope to build on the momentum we have experienced to date in 2016 and enter 2017 on a strong note.” Segment Financial Summary Third quarter 2016 RBR for the Healthcare segment increased 22% year-over-year, with more than half of that growth organic. The performance continued to be driven by strong demand for large, strategy-led transformation projects and revenue cycle consulting engagements. Segment operating profit for third quarter 2016 was up 32% compared to the same period in 2015. Energy segment RBR increased 6% for the third quarter 2016 compared to the equivalent period in 2015, all of which represented organic growth. RBR growth for the quarter reflected contributions across the segment’s portfolio of solutions, in addition to ongoing penetration of key client accounts. Third quarter 2016 segment operating profit was also up 8% compared to the same period in 2015. Financial Services Advisory and Compliance segment RBR for third quarter 2016 increased 42%, all on an organic basis, compared to the prior year third quarter. Growth was driven primarily by continued demand for financial crimes consulting expertise and an increase in compliance and controls engagements for major financial institutions, as compared to the prior year period which had experienced relatively lower utilization due to the wind-down of certain large engagements. RBR growth, better pricing and higher consultant utilization led to a robust 70% increase in third quarter 2016 segment operating profit year-over-year. Disputes, Forensics & Legal Technology segment RBR was down 3% for third quarter 2016 compared the third quarter 2015. The decrease was attributable to currency fluctuations as well as a lower volume of engagements in financial services disputes and international arbitration, both which experienced particularly high demand in the prior-year period. This decline was partially offset by strong demand for our global expertise in large infrastructure claims and construction dispute matters. Segment operating profit was down 8% in third quarter 2016 compared to the respective period of 2015. Cash Flow Third quarter 2016 net cash provided by operating activities was $48.0 million, compared to $38.9 million for third quarter 2015, as a result of improved earnings. Free cash flow increased to $25.5 million for third quarter 2016 compared to $18.2 million for the same period in 2015, primarily driven by a decrease in capital investment spending. Days Sales Outstanding was 87 days as of September 30, 2016, up six days compared to September 30, 2015. Bank debt was $161.2 million at September 30, 2016, compared to $146.8 million at September 30, 2015 and $189.8 million at June 30, 2016. Leverage (bank debt divided by trailing twelve month adjusted EBITDA) was 1.17 at September 30, 2016, compared to 1.22 at September 30, 2015 and 1.46 at June 30, 2016. Navigant repurchased 309,233 shares of common stock during third quarter 2016 at an aggregate cost of $5.8 million and an average cost of $18.68 per share. As of September 30, 2016, approximately $69.3 million remained available under the Company’s share repurchase authorization. 2016 Outlook Navigant raised its 2016 outlook. Full year 2016 RBR is now expected to range between $920.0 and $940.0 million, which is the upper half of the previously-issued guidance range. The range for 2016 total revenues was increased to $1.00 and $1.02 billion, up from $960 million to $1.01 billion. Adjusted EBITDA for full year 2016 is now expected to range between $137.5 and $145.0 million, which is the upper half of the previously-issued guidance range. Adjusted EPS for full year 2016 is estimated to be between $1.15 and $1.25, an increase of $0.10 from the previous guidance range. Non-GAAP Financial Information This press release includes certain non-GAAP financial measures as defined by the Securities and Exchange Commission. Reconciliations of these non-GAAP financial measures to the most directly comparable financial measure calculated and presented in accordance with generally accepted accounting principles (GAAP) are included in the financial schedules attached to this press release. This information should be considered as supplemental in nature and not as a substitute for, or superior to, any measure of performance prepared in accordance with GAAP. No reconciliation of Navigant’s 2016 adjusted EBITDA guidance and 2016 adjusted EPS guidance, both of which exclude the impact and tax-effected impact of severance expense and other operating costs (benefit), respectively, is included in the financial schedules attached to this press release. Navigant is not able to accurately forecast the excluded items at the level of precision that would be required to be included in the most directly comparable GAAP financial measure without unreasonable efforts. Conference Call Details Navigant will host a conference call to discuss the Company’s third quarter 2016 results at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on Tuesday, October 25, 2016. The conference call may be accessed via the Navigant website (investors.navigant.com) or by dialing 888.455.9733 (630.395.0358 for international callers) and referencing pass code “NCI.” An archived version of the webcast will also be available via the Navigant website. A report of financial and related supplemental information is also available via the Navigant website. About Navigant Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on industries and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services markets. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com. Statements included in this press release which are not historical in nature are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may generally be identified by words such as “anticipate,” “believe,” “intend,” “estimate,” “expect,” “plan,” “outlook” and similar expressions. These statements are based upon management’s current expectations and speak only as of the date of this press release. The Company cautions readers that there may be events in the future that the Company is not able to accurately predict or control and the information contained in the forward-looking statements is inherently uncertain and subject to a number of risks that could cause actual results to differ materially from those contained in or implied by the forward-looking statements including, without limitation: the execution of the Company’s long-term growth objectives and margin improvement initiatives; risks inherent in international operations, including foreign currency fluctuations; ability to make acquisitions and divestitures; pace, timing and integration of acquisitions and separation of divestitures; operational risks associated with new or expanded service areas, including business process management services; impairments; changes in accounting standards; management of professional staff, including dependence on key personnel, recruiting, retention, attrition and the ability to successfully integrate new consultants into the Company’s practices; utilization rates; conflicts of interest; potential loss of clients or large engagements and the Company’s ability to attract new business; competition; accurate pricing of engagements, particularly fixed fee and multi-year engagements; clients’ financial condition and their ability to make payments to the Company; risks inherent with litigation; higher risk client assignments; professional liability; information security controls; potential legislative and regulatory changes; continued access to capital; and market and general economic and political conditions. Further information on these and other potential factors that could affect the Company’s financial results are included under the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, and elsewhere in the Company’s filings with the Securities and Exchange Commission (SEC), which are available on the SEC’s website or at investors.navigant.com. The Company cannot guarantee any future results, levels of activity, performance or achievement and undertakes no obligation to update any of its forward-looking statements. Selected Data (unaudited) EBITDA, adjusted EBITDA, adjusted Net Income and adjusted Earnings Per Share (2) Free Cash Flow (6) Leverage Ratio (7) Organic Growth (8)
  • 10/25/2016

Navigant Reports Second Quarter 2016 Financial Results

  • CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) today announced financial results for the second quarter ended June 30, 2016. Financial Summary and Highlights: Second quarter 2016 revenues before reimbursements (RBR) increased 13%, with 10% organic growth, over second quarter 2015 Second quarter 2016 net income was $14.8 million, or $0.30 per share, compared to $7.8 million, or $0.16 per share, in second quarter 2015 Second quarter 2016 adjusted earnings per share (EPS) of $0.33, up 27% compared to second quarter 2015 Second quarter 2016 adjusted EBITDA of $37.2 million, up 23% over second quarter 2015 Affirms 2016 financial outlook Navigant reported second quarter 2016 RBR of $238.5 million, a 13% increase (10% organic growth), compared to $211.0 million for second quarter 2015. Total revenues increased 12% to $261.7 million for second quarter 2016 compared to $233.4 million for second quarter 2015. Net income for second quarter 2016 was $14.8 million, or $0.30 per share, compared to $7.8 million, or $0.16 per share, in the prior year second quarter. Adjusted EPS was $0.33 for second quarter 2016, up 27% compared to second quarter 2015. Second quarter 2016 adjusted EBITDA was $37.2 million, a 23% increase, compared to $30.1 million for the same period in 2015. Adjusted EBITDA margin (adjusted EBITDA as a percent of RBR) for second quarter 2016 increased to 15.6% compared to 14.3% in second quarter 2015. “Navigant’s 2016 second quarter results reflected continued strong market demand for the breadth and depth of our expertise,” commented Julie Howard, Chairman and Chief Executive Officer. “The strength of our portfolio and our consistent execution drove double-digit revenue and earnings per share growth. The alignment of our professionals’ expertise to the issues facing the rapidly transforming industries Navigant serves gives me great optimism about the trajectory of our business results throughout the rest of the year.” Segment Financial Summary Second quarter 2016 RBR for the Healthcare segment increased 21% year-over-year, with more than half of that growth organic. Segment RBR for the quarter also increased 10% sequentially from first quarter 2016. The performance was driven by strong demand for large, strategy-led transformation projects and revenue cycle consulting engagements. Segment operating profit for second quarter 2016 was up 19% compared to the same period in 2015. Energy segment RBR increased 12% for the second quarter 2016 compared to the equivalent period in 2015, all of which represented organic growth. RBR was also up 9% on a sequential basis from first quarter 2016. RBR growth for the quarter reflected strength across the segment’s portfolio of solutions, in addition to ongoing penetration of key client accounts. Second quarter 2016 segment operating profit was also up 12% compared to the same period in 2015. Financial Services Advisory and Compliance segment RBR for second quarter 2016 increased 36%, all on an organic basis, compared to the prior year second quarter. In addition, RBR was up 19% compared to first quarter 2016. Growth was driven primarily by continued demand for financial crimes expertise and an increase in compliance and controls engagements for major financial institutions. RBR growth and higher consultant utilization led to a robust 56% increase in second quarter 2016 segment operating profit year-over-year. Disputes, Forensics & Legal Technology segment RBR decreased 2% for second quarter 2016 compared to both the second quarter 2015 and the first quarter 2016, primarily driven by declines in demand and increased competition for legal technology solutions. This decline was generally offset by strong demand for our global expertise in large infrastructure and construction dispute matters as well as increased regulatory, compliance and dispute demand within the healthcare and life sciences sectors. Despite a decline in RBR, segment operating profit was up 13% in second quarter 2016 compared to the respective period of 2015, reflecting actions to better align resources and the recognition of performance-based revenue associated with mass tort claims work. Cash Flow Second quarter 2016 net cash provided by operating activities was $34.2 million, compared to $29.1 million for second quarter 2015, as a result of improved earnings. Free cash flow increased to $24.4 million for second quarter 2016 compared to $11.6 million for the same period in 2015, primarily driven by a decrease in capital investment spending and acquisition-related payments. Days Sales Outstanding was 81 days as of June 30, 2016, up one day compared to June 30, 2015. Bank debt was $189.8 million at June 30, 2016, compared to $171.4 million at June 30, 2015 and $211.5 million at March 31, 2016. Leverage (bank debt divided by trailing twelve month adjusted EBITDA) was 1.46 at June 30, 2016, compared to 1.37 at June 30, 2015 and 1.72 at March 31, 2016. The year-over-year increase was mainly due to additional borrowings to fund the McKinnis acquisition in December 2015. Navigant repurchased 427,499 shares of common stock during second quarter 2016 at an aggregate cost of $6.8 million and an average cost of $15.81 per share. As of June 30, 2016, approximately $75.0 million remained available under the Company’s share repurchase authorization. 2016 Outlook Our 2016 outlook for RBR, total revenues and adjusted EBITDA remains unchanged. Full year 2016 RBR is expected to range between $900 and $940 million while 2016 total revenues are estimated to be between $960 million and $1.01 billion. Adjusted EBITDA for full year 2016 is expected to range between $132 and $145 million. Adjusted EPS for full year 2016 is projected to be at the higher end of the range of $1.05 to $1.15. Non-GAAP Financial Information This press release includes certain non-GAAP financial measures as defined by the Securities and Exchange Commission. Reconciliations of these non-GAAP financial measures to the most directly comparable financial measure calculated and presented in accordance with generally accepted accounting principles (GAAP) are included in the financial schedules attached to this press release. This information should be considered as supplemental in nature and not as a substitute for, or superior to, any measure of performance prepared in accordance with GAAP. No reconciliation of Navigant’s 2016 adjusted EBITDA guidance and 2016 adjusted EPS guidance, both of which exclude the impact and tax-effected impact of severance expense and other operating costs (benefit), respectively, is included in the financial schedules attached to this press release. Navigant is not able to accurately forecast the excluded items at the level of precision that would be required to be included in the most directly comparable GAAP financial measure without unreasonable efforts. Conference Call Details Navigant will host a conference call to discuss the Company’s second quarter 2016 results at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on Tuesday, July 26, 2016. The conference call may be accessed via the Navigant website (www.navigant.com/investor_relations) or by dialing 888.455.9733 (630.395.0358 for international callers) and referencing pass code “NCI.” An archived version of the webcast will also be available via the Navigant website. A report of financial and related supplemental information is also available via the Navigant website. About Navigant Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on industries and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services markets. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com. Statements included in this press release which are not historical in nature are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may generally be identified by words such as “anticipate,” “believe,” “intend,” “estimate,” “expect,” “plan,” “outlook” and similar expressions. These statements are based upon management’s current expectations and speak only as of the date of this press release. The Company cautions readers that there may be events in the future that the Company is not able to accurately predict or control and the information contained in the forward-looking statements is inherently uncertain and subject to a number of risks that could cause actual results to differ materially from those contained in or implied by the forward-looking statements including, without limitation: the execution of the Company’s long-term growth objectives and margin improvement initiatives; risks inherent in international operations, including foreign currency fluctuations; ability to make acquisitions and divestitures; pace, timing and integration of acquisitions and separation of divestitures; operational risks associated with new or expanded service areas, including business process management services; impairments; changes in accounting standards; management of professional staff, including dependence on key personnel, recruiting, retention, attrition and the ability to successfully integrate new consultants into the Company’s practices; utilization rates; conflicts of interest; potential loss of clients or large engagements and the Company’s ability to attract new business; competition; accurate pricing of engagements, particularly fixed fee and multi-year engagements; clients’ financial condition and their ability to make payments to the Company; risks inherent with litigation; higher risk client assignments; professional liability; information security controls; potential legislative and regulatory changes; continued access to capital; and market and general economic and political conditions. Further information on these and other potential factors that could affect the Company’s financial results are included under the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, and elsewhere in the Company’s filings with the Securities and Exchange Commission (SEC), which are available on the SEC’s website or at www.navigant.com/investor_relations. The Company cannot guarantee any future results, levels of activity, performance or achievement and undertakes no obligation to update any of its forward-looking statements. $ Selected Data (unaudited) EBITDA, adjusted EBITDA, adjusted Net Income and adjusted Earnings Per Share (2) Free Cash Flow (5) Leverage Ratio (6) Organic Growth (7)
  • 07/26/2016

Navigant Reports First Quarter 2016 Financial Results

  • CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) today announced financial results for the first quarter ended March 31, 2016. Financial Summary and Highlights: First quarter 2016 revenues before reimbursements (RBR) increased 11%, with 8% organic growth, over first quarter 2015 First quarter 2016 GAAP earnings per share (EPS) of $0.26 First quarter 2016 adjusted EPS of $0.27, up 17% compared to first quarter 2015 First quarter 2016 adjusted EBITDA of $30.6 million, up 8% from the prior year first quarter Affirms 2016 financial outlook, estimates adjusted EPS toward higher end of previously communicated range Navigant reported first quarter 2016 RBR of $223.5 million, an 11% increase, with 8% organic growth, compared to $201.2 million for first quarter 2015. Total revenues increased 10% to $245.3 million for first quarter 2016 compared to $223.2 million for first quarter 2015. Net income for first quarter 2016 was $12.6 million, or $0.26 per share, compared to $25.1 million, or $0.51 per share, in the prior year first quarter, which benefited $0.31 per share from an earn-out adjustment primarily related to a non-taxable amount for the Cymetrix acquisition. Adjusted EPS was $0.27 for first quarter 2016, up 17% compared to first quarter 2015. First quarter 2016 adjusted EBITDA was $30.6 million compared to $28.4 million for the same period in 2015. “Navigant delivered strong top and bottom line growth in the first quarter 2016, and market demand for our service offerings is robust,” commented Julie Howard, Chairman and Chief Executive Officer. “The investments we made in 2015 to strengthen our go-to market approach, ramp up senior hiring, deepen our capabilities and align our brand to the evolved Navigant are yielding results and we are very pleased with our positioning and performance trajectory. Going forward, we expect to meet the financial objectives we have set forth for the year, continuing our path of both organic revenue and earnings growth.” Segment Financial Summary First quarter 2016 RBR for the Healthcare segment increased 28% year-over-year, with more than half of that growth organic. Strength was driven by continued demand in consulting services including provider performance improvement solutions, revenue cycle consulting, which reflects the contribution from the McKinnis Consulting Services acquisition, and life sciences commercialization solutions. In addition, business process management services revenue grew year-over-year. Segment operating profit margin for first quarter 2016 was up slightly to 29% compared to the same period in 2015. Energy segment RBR increased 5% for the first quarter 2016 compared to the equivalent period in 2015, all of which represented organic growth. RBR growth for the quarter reflects an increase in strategy and operational improvement along with demand side management services. First quarter 2016 segment operating profit was down 15% compared to the same period of 2015, due to higher compensation and benefits expenses associated with recent senior hires, partially offset by higher RBR and lower incentive based compensation. The Disputes, Forensics & Legal Technology (previously known as Disputes, Investigations & Economics) segment RBR increased 6% for first quarter 2016 compared to the same period in 2015, all of which represented organic growth. Growth was driven by increased demand for our premier dispute resolution offerings, with strong performance in global construction and infrastructure claims matters, in addition to continued demand aligned with our core industry sectors of healthcare and life sciences, energy and financial services. The segment also recognized performance-based revenue associated with mass tort claims work. Strong organic growth was partially offset by a decrease in legal technology solutions revenue in the United States. Segment operating profit was up 18% in first quarter 2016 compared to the respective period of 2015, driven by higher RBR and ongoing cost management actions. The Financial Services Advisory and Compliance (previously known as Financial, Risk & Compliance) segment RBR for first quarter 2016 continued the sequential growth trend that began over the second half of 2015, while down 4% compared to the prior year quarter as was anticipated. The year-over-year comparison to first quarter 2015 was impacted by a few large engagements that wound down over the course of 2015. Segment operating profit was down 10% in first quarter 2016 compared to first quarter 2015, mainly due to lower RBR. Other Results First quarter 2016 general and administrative expenses of $39.8 million increased 12% compared to first quarter 2015, while remaining essentially flat as a percentage of RBR at just under 18%. Depreciation and amortization expenses increased significantly in first quarter 2016 over the same period in 2015, primarily due to higher capital expenditures in the prior year and higher levels of intangible assets resulting from recent acquisitions. Our first quarter 2016 income tax expense was favorably impacted by the reversal of $0.9 million of tax valuation allowances due to improved earnings from our international subsidiaries. Our estimated full year 2016 effective income tax rate is benefitting from increased earnings in foreign jurisdictions with lower tax rates. Cash Flow Free cash flow increased to $21.0 million for first quarter 2016 compared to $11.8 million for the same period in 2015, primarily driven by a decrease in capital investment spending. Days Sales Outstanding was 78 days as of March 31, 2016, down 2 days compared to March 31, 2015. Bank debt was $211.5 million at March 31, 2016 compared to $178.7 million at March 31, 2015. Leverage (bank debt divided by trailing twelve month adjusted EBITDA) was 1.72 at March 31, 2016 compared to 1.46 at March 31, 2015. The increase was mainly due to additional borrowings to fund the McKinnis acquisition in December 2015. Navigant repurchased 407,920 shares of common stock during first quarter 2016 at an aggregate cost of $6.3 million and an average cost of $15.36 per share. As of March 31, 2016, $81.8 million remained available under the Company’s share repurchase authorization. 2016 Outlook Our 2016 outlook for RBR, total revenues and adjusted EBITDA remains unchanged. Full year 2016 RBR is expected to range between $900 and $940 million while 2016 total revenues are estimated to be between $960 million and $1.01 billion. Adjusted EBITDA for full year 2016 is expected to range between $132 and $145 million. Adjusted EPS for full year 2016 is now projected to be at the higher end of the range of $1.05 to $1.15 due to our business outlook and a lower estimated 2016 effective income tax rate, as discussed above. Non-GAAP Financial Information and Key Operating Metrics This press release includes certain non-GAAP financial measures as defined by the Securities and Exchange Commission. Reconciliations of these non-GAAP financial measures to the most directly comparable financial measure calculated and presented in accordance with generally accepted accounting principles (GAAP) are included in the financial schedules attached to this press release. This information should be considered as supplemental in nature and not as a substitute for, or superior to, any measure of performance prepared in accordance with GAAP. Conference Call Details Navigant will host a conference call to discuss the Company’s first quarter 2016 results at 10:00 a.m. Eastern Time (9:00 a.m. Central Time) on Tuesday, April 26, 2016. The conference call may be accessed via the Navigant website (www.navigant.com/investor_relations) or by dialing 888.455.9733 (630.395.0358 for international callers) and referencing pass code “NCI.” An archived version of the webcast will also be available via the Navigant website. A report of financial and related supplemental information is also available via the Navigant website. About Navigant Navigant Consulting, Inc. (NYSE: NCI) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on industries and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services markets. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com. Statements included in this press release which are not historical in nature are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may generally be identified by words such as “anticipate,” “believe,” “intend,” “estimate,” “expect,” “plan,” “outlook” and similar expressions. These statements are based upon management’s current expectations and speak only as of the date of this press release. The Company cautions readers that there may be events in the future that the Company is not able to accurately predict or control and the information contained in the forward-looking statements is inherently uncertain and subject to a number of risks that could cause actual results to differ materially from those contained in or implied by the forward-looking statements including, without limitation: the execution of the Company’s long-term growth objectives and margin improvement initiatives; risks inherent in international operations, including foreign currency fluctuations; ability to make acquisitions and divestitures; pace, timing and integration of acquisitions and separation of divestitures; operational risks associated with new or expanded service areas, including business process management services; impairments; changes in accounting standards; management of professional staff, including dependence on key personnel, recruiting, retention, attrition and the ability to successfully integrate new consultants into the Company’s practices; utilization rates; conflicts of interest; potential loss of clients or large engagements and the Company’s ability to attract new business; competition; accurate pricing of engagements, particularly fixed fee and multi-year engagements; clients’ financial condition and their ability to make payments to the Company; risks inherent with litigation; higher risk client assignments; professional liability; information security controls; potential legislative and regulatory changes; continued access to capital; and market and general economic and political conditions. Further information on these and other potential factors that could affect the Company’s financial results are included under the “Risk Factors” section and elsewhere in the Company’s filings with the Securities and Exchange Commission (SEC), which are available on the SEC’s website or at www.navigant.com/investor_relations. The Company cannot guarantee any future results, levels of activity, performance or achievement and undertakes no obligation to update any of its forward-looking statements. Selected Data RECONCILIATION OF NON-GAAP FINANCIAL MEASURES EBITDA, adjusted EBITDA, adjusted Net Income and adjusted Earnings Per Share (2) Free Cash Flow (5) Leverage Ratio (6) Organic Growth (7) 2015 Growth 201,156 11.1 % 7.5 %
  • 04/26/2016

Navigant to Report Fourth Quarter and Full Year 2015 Results on February 11, 2016

  • CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) announced today that it will report its financial results for the fourth quarter and full year ended December 31, 2015 on Thursday, February 11, 2016 before the market opens. Following the release, Julie Howard, Chairman and Chief Executive Officer, and Thomas Nardi, Interim Chief Financial Officer, will host a conference call to discuss the Company’s business and financial results at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). The conference call may be accessed via the Navigant website (www.navigant.com/investor_relations) or by dialing 888.455.9733 (630.395.0358 for international callers) and referencing pass code “NCI.” An archived version of the webcast will also be available via the Navigant website. About Navigant Navigant, Inc. (NYSE: NCI) is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on industries and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services sectors. Across our range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
  • 01/21/2016

Navigant to Report Third Quarter 2015 Results on October 27, 2015

  • CHICAGO--(BUSINESS WIRE)--Navigant (NYSE: NCI) announced today that it will report its financial results for the third quarter ended September 30, 2015 on Tuesday, October 27, 2015 before the market opens. Following the release, Julie Howard, Chairman and Chief Executive Officer, and Lucinda (Cindy) Baier, Executive Vice President and Chief Financial Officer, will host a conference call to discuss the Company’s business and financial results at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). The conference call may be accessed via the Navigant website (www.navigant.com/investor_relations) or by dialing 888.455.9733 (630.395.0358 for international callers) and referencing pass code “NCI.” An archived version of the webcast will also be available via the Navigant website. About Navigant Navigant Consulting, Inc. (NYSE: NCI) is an independent specialized, global professional services firm that combines deep industry knowledge with technical expertise to enable companies to defend, protect and create value. With a focus on industries and clients facing transformational change and significant regulatory and legal issues, the Firm serves clients primarily in the healthcare, energy and financial services sectors which represent highly complex market and regulatory environments. Professional service offerings include strategic, financial, operational, technology, risk management, compliance, investigative solutions, dispute resolutions services and business process management services. The Firm provides services to companies, legal counsel and governmental agencies. The business is organized in four reporting segments – Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare; and Energy. More information about Navigant can be found at navigant.com.
  • 10/07/2015
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