The Intercontinental Exchange Inc. (ICE) has informed about its full-year performance for the year 2015. The global exchanges and clearing houses operator saw an optimistic year, with revenues showing double-digit increase.
Total revenues of the ICE reached $4.68 billion in total for the entire year, what is 7.6% higher in comparison with the $4.35 billion reached in 2014.
As for the net income, ICE reported $1.27 billion in 2015, jumping 29.5% from $981 million, registered in 2014.
Diluted earnings per share for 2015 reached $11.39, what is an increase of 33.2% from $8.55 a year earlier.
ICE Chairman and CEO, Jeffrey C. Sprecher, stated: “Our record performance in 2015 was driven by strong demand for risk management, trading, data and listings. We achieved our double-digit earnings growth target by focusing on our customers, innovating amid a dynamic market environment and with strong financial discipline. All of this has enabled us to again increase our quarterly dividend while investing in growth opportunities. Our acquisition of Interactive Data, together with many other strategic initiatives, positions us well to deliver strong earnings growth again in 2016.”
What to expect in 2016
ICE expects its adjusted operating expenses for the first quarter (ex amortization of acquisition-related intangibles), in the range of $490 million to $500 million, while the full year range is expected to reach from $2.000 billion to $2.030 billion.
The full-year operating expense outlook includes ~$50MM in NYSE, while ~$25MM in Interactive Data expense synergies as well as ~$45MM mostly related to additional compensation and ~$30MM in product and technology investments.
ICE expects its quarterly interest expense for Q1 2016 to register approximately $45 million. For the rest of 2016, ICE sees interest expense to be in the range of $44 million to $45 million a quarter.
ICE’s full year 2016 operational capital expenditures is seen in the range of $280 million – $300 million. Full year 2016 real estate capital expenditures are expected to reached the range of $45 million to $55 million.
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