ICE sees 29.5% YoY rise in net income in FY 2015

Operator of global exchanges and clearing houses and provider of data and listings services Intercontinental Exchange Inc (NYSE:ICE) has just published its financial report for the full year to December 31, 2015.

The company reported total revenues of $4.68 billion for 2015, up 7.6% from the result of $4.35 billion reported in 2014.

Net income attributable to ICE reached $1.27 billion in 2015, up 29.5% from the result of $981 million registered in 2014.

Diluted earnings per share for 2015 are $11.39. up 33.2% from $8.55 a year earlier.

Jeffrey C. Sprecher, ICE Chairman and CEO, commented,

“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.”

Financial Guidance for 2016

  • ICE anticipates its first quarter and full year 2016 adjusted operating expenses, excluding amortization of acquisition-related intangibles, in the range of $490 million to $500 million and $2.000 billion to $2.030 billion, respectively. The full-year operating expense forecast includes ~$50MM in NYSE and ~$25MM in Interactive Data expense synergies as well as ~$45MM mostly related to additional compensation and ~$30MM in product and technology investments.
  • ICE forecast its quarterly interest expense for the first quarter of 2016 to be circa $45 million. For the remainder of the year, ICE anticipates interest expense to be in the range of $44 million to $45 million per quarter.
  • ICE expects full year 2016 operational capital expenditures in the range $280 million – $300 million. ICE expects full year 2016 real estate capital expenditures in the range of $45 million to $55 million.

You can view the full report from ICE by clicking here.

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