Thrifts and Mortgage Finance
Company Overview of LendingTree, Inc.
11115 Rushmore Drive
Charlotte, NC 28277
Founded in 1996
Key Executives For LendingTree, Inc.
LendingTree, Inc. Key Developments
LendingTree, Inc. Presents at William Blair 2018 Growth Stock Conference, Jun-12-2018 03:30 PM. Venue: Four Seasons Hotel, Chicago, Illinois, United States. Speakers: J. D. Moriarty, Chief Financial Officer, Trent Ziegler, VP, Finance & Investor Relations.
LendingTree, Inc., Annual General Meeting, Jun 13, 2018, at 11:00 Eastern Daylight. Location: 11115 Rushmore Drive Charlotte North Carolina United States Agenda: To elect ten members of the company’s Board of Directors, each to hold office for a one-year term ending on the date of the next succeeding annual meeting of stockholders or until such director’s successor shall have been duly elected and qualified; to ratify the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for the 2018 fiscal year; and to transact such other business as may properly come before the meeting and any related adjournments or postponements.
LendingTree, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of $181,035,000 compared to $132,515,000 a year ago. Operating income was $15,350,000 compared to $6,884,000 a year ago. Income before income taxes was $12,396,000 compared to $6,719,000 a year ago. Net income from continuing operations was $35,857,000 compared to $7,798,000 a year ago. Net income and comprehensive income was $31,524,000 or $2.12 per diluted share compared to $6,866,000 or $0.51 per diluted share a year ago. Net cash provided by operating activities attributable to continuing operations was $17,675,000 compared to $17,184,000 a year ago. Capital expenditures were $3,456,000 compared to $1,896,000 a year ago. Adjusted EBITDA was $31,720,000 compared to $23,817,000 a year ago. Adjusted net income was $16,262,000 compared to $11,453,000 a year ago. Adjusted net income per share was $1.10 compared to $0.85 a year ago. The company provided earnings guidance for the second quarter of 2018 and full year 2018. For the second quarter of 2018, the company expects revenue to be in the range of $193 – $200 million, representing growth of 26% – 31% over second quarter 2017. Variable Marketing Margin is anticipated to be $65 – $69 million, representing growth of 35% – 43%. Adjusted EBITDA is anticipated to be in the range of $34 – $36 million, up 26% – 33% over second quarter 2017. For the full year 2018, the company expects revenue of $770 – $790 million, variable Marketing Margin of $270 – $280 million and adjusted EBITDA in the range of $145 – $150 million.
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