TMX Group (formerly TSX Group Inc.) [TSX:X] announced results for the fourth quarter and year ended December 31, 2008.
- Revenue of $151.4 million for Q4/08, up 36% over Q4/07
- Diluted EPS of 65 cents for Q4/08, up 44% over Q4/07
- Diluted EPS in Q4/08 of 65 cents unchanged from Q4/07 EPS prior to a reduction in the value of the future tax asset
- Cash flows from operating activities in Q4/08 of $60.8 million, up 14% versus Q4/07
- Full year 2008 diluted EPS of $2.47 compared with $2.17 for 2007
- Full year 2008 cash flows from operating activities of $244.2 million, an increase of 10% from 2007
Thomas Kloet, Chief Executive Officer of TMX Group said, "We are pleased to report good results for both the fourth quarter and full year 2008 despite difficult market conditions. We are proud of our many accomplishments in 2008, including our progress in integrating the Montréal Exchange with TMX Group and NGX's continued success with the execution of its growth strategy."
Michael Ptasznik, Chief Financial Officer of TMX Group said, "The benefits of continued diversification are evident in these solid financial results. In addition to the positive contribution from trading on TSX, MX and BOX this quarter, we experienced revenue growth in both our energy segment and our market data operations while continuing to maintain cost controls and realize efficiencies."
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