Nielsen Q2 Revenues Rise
July 31, 2013 at 4:01 AM (PT)
NIELSEN HOLDINGS N.V. second-quarter revenues increased 3% to $1.386 billion, with Adjusted EBITDA up 6% to $396 million and net income up 306% to $426 million ($1.12/share). The company also announced a 25% increase in its quarterly dividend to 20 cents/share and announced a $500 million share buyback authorization. The company credited growth in Information services to increased client investment in retail measurement worldwide other than in EUROPE.
"NIELSEN's second-quarter results reflect solid operating and financial performance," said CEO DAVID CALHOUN. "With our continued focus on providing clients with innovative solutions, expansion into new geographies and our successful portfolio transformation, we are well positioned to execute our growth strategy and deliver greater value to shareholders over time.
"We were pleased to announce a 25% increase to our quarterly dividend and a $500 million share repurchase authorization today. Returning excess cash to our shareholders continues to be an important component of our capital allocation strategy. The actions we announced today reflect our continued focus on long term shareholder value and confidence in the cash generation potential of the company."
On the company's conference call, CALHOUN said that he expects that the deal to buy ARBITRON will be cleared by the FTC "by the end of AUGUST."