-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, I6++KbmAi5WBywnkhaSBXuso+KiSmNfH3alWfkeGiW1CSq1mDZm8vyy6jtNwypcK 04bE/xjJUEM++CcHM/pUzw== 0000950144-98-008573.txt : 19980721 0000950144-98-008573.hdr.sgml : 19980721 ACCESSION NUMBER: 0000950144-98-008573 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980716 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980720 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CATALINA MARKETING CORP/DE CENTRAL INDEX KEY: 0000883977 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING AGENCIES [7311] IRS NUMBER: 330499007 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11008 FILM NUMBER: 98668704 BUSINESS ADDRESS: STREET 1: 11300 9TH ST NORTH CITY: ST PETERSBURG STATE: FL ZIP: 33716 BUSINESS PHONE: 8135795000 MAIL ADDRESS: STREET 1: 11300 9TH STREET NORTH CITY: ST PETERSBURG STATE: FL ZIP: 33716-2329 8-K 1 CATALINA MARKETING CORPORATION 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 8-K PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): July 16, 1998 Catalina Marketing Corporation (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 1-11008 33-0499007 Commission File Number (IRS Employer Identification No.) 11300 9th Street North 33716 St. Petersburg, Florida (Zip code) (Address of principal executive offices) (813) 579-5000 Registrant's Telephone Number 2 Item 5. Other Events. On July 16, 1998 Catalina Marketing Corporation (the Company) issued a press release communicating its first quarter fiscal 1999 earnings, included in this report as Exhibit 99.6. 3
Item 7. Exhibits. 99.6 Form of press release dated July 16, 1998.
4 SIGNATURE Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. CATALINA MARKETING CORPORATION By /S/ Philip B. Livingston ---------------------------------- Philip B. Livingston, Senior Vice President and Chief Financial Officer Dated: July 20, 1998 EX-99.6 2 PRESS RELEASE 1 EXHIBIT 99.6 [LOGO] CATALINA MARKETING CORPORATION NEWS ================================================================================ IMMEDIATE RELEASE CONTACT: Philip B. Livingston Senior Vice President and Chief Financial Officer 813-579-5006 Bruce Valentine Treasurer 813-579-5210 CATALINA MARKETING CORPORATION REPORTS FIRST QUARTER RESULTS ST. PETERSBURG, Florida, July 16, 1998 - Catalina Marketing Corporation (NYSE: POS) today announced that for the first quarter ended June 30, 1998, earnings per share increased to 35 cents from 30 cents reported for the comparable period a year ago. The company's quarterly net income was $6.7 million on total revenue of $56.8 million, compared to net income of $5.6 million on revenue of $46.7 million in the June, 1997 quarter. The company's first quarter revenue increased 22 percent over the prior year's quarter. George W. Off, Chief Executive Officer, commented, "The quarter was in line with our expectations. Growth in our core domestic business and stronger international performance were key factors driving incremental profit for the period." Other highlights for the quarter included the following: - - Total revenue in the core domestic business increased 17 percent over the year-ago level as average revenue per store grew by 11 percent relative to the June, 1997 quarter. - - Earnings before interest, taxes, depreciation and amortization ("EBITDA") increased 14 percent to $18.0 million from $15.7 million for the year-ago quarter, and grew 27 percent to $82.3 million (on a pro forma basis) for the trailing twelve month period ended June 30, 1998. - - During the quarter the company increased its core domestic installed base by 268 stores on a net basis, resulting in a total installed base of 11,432 stores. Internationally, the company's installed base increased by 84 outlets to 1,456 stores due to expansion in the company's UK and France businesses. - 1 - 2 - - Health Resource Publishing Company added 336 stores on a net basis, finishing the quarter with an installed base of 2,256 pharmacy outlets. Installation activity under the company's Rite-Aid contract was a key factor propelling the company across the 2,000-store mark. - - With over 1,000,000 visitors per month, SuperMarkets Online, Inc. continued to build upon its position as a leader in Internet consumer packaged goods promotions. Over 40 packaged goods manufacturers are now participating in ValuPage programs involving 114 product categories. ValuPage offers can now be accepted in over 7,000 supermarkets within the Catalina Marketing Network(R). Consisting of customized shopping lists of offers that consumers can access through www.valupage.com, ValuPage provides packaged goods manufacturers with a secure Internet coupon solution that leverages the in-store, scanner-based Catalina Marketing Network. - - On July 13 the company announced it had acquired Market Logic, Inc., a marketing firm specializing in the development and fulfillment of sophisticated, customized direct marketing programs for retailers. In reference to the acquisition, Daniel D. Granger, President and Chief Operating Officer, commented, "By joining the Catalina team, Market Logic will enhance our offerings of loyalty marketing services and expand our ability to help retailers with frequent shopper programs." - - Net income for the quarter included pre-tax losses from domestic new business ventures of $1.6 million, or five cents per share after tax. Such losses were flat compared to the June, 1997 quarter. Based in St. Petersburg, Florida, Catalina Marketing Corporation provides a menu of in-store electronic marketing programs to over 150 consumer goods companies. The company's purchase-based, individually customized communications and promotions reach more than 150 million U.S. shoppers in over 11,400 supermarkets via the Catalina Marketing Network(R). The company's businesses include Catalina Marketing Services, which markets the company's core electronic marketing programs in the U.S.; Catalina Marketing International, which operates Network programs in the UK, France, and Japan; Health Resource Publishing Company, which delivers targeted incentives and advertising through customized newsletters to pharmacy customers based on prescription purchases; and SuperMarkets Online, Inc., a secure coupon vehicle which distributes promotions via the World Wide Web. - 2 - 3 CATALINA MARKETING CORPORATION Selected Financial Data (in thousands, except per share amounts) - ------------------------------------------------------------------------------
THREE MONTHS PERIODS ENDED JUNE 30 1998 1997 Revenue $ 56,834 $ 46,659 Direct Operating Expenses 23,550 18,033 Selling, General and Administrative 15,305 12,896 Depreciation and Amortization 6,404 5,691 Income from Operations 11,575 10,039 Interest Income/(Expense) and Other (28) (393) Provision for Income Taxes 4,809 4,009 Net Income $ 6,738 $ 5,637 DILUTED: Earnings Per Share $ 0.35 $ 0.30 Weighted Average Shares Outstanding 19,033 19,072 BASIC: Earnings Per Share $ 0.36 $ 0.31 Weighted Average Shares Outstanding 18,530 18,330
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JUNE 30, 1998 1997 BALANCE SHEET AND CASH FLOW (IN THOUSANDS): Cash $24,674 $ 3,017 Stockholders' Equity 97,705 65,510 Twelve Month EBITDA 78,844 63,175 Twelve Month EBITDA (Pro forma)* 82,339 64,605 U.S. CHECKOUT COUPON BUSINESS: Number of Stores at Quarter End 11,432 10,832 Net Stores Installed During Quarter 268 87 Promotions Printed During Quarter (in millions) 607 597 Weekly Shopper Reach at Quarter End (in millions) 153 147 INTERNATIONAL CHECKOUT COUPON BUSINESS: Number of Stores at Quarter End 1,456 1,057 Net Stores Installed During Quarter 84 116 Promotions Printed During Quarter (in millions) 91 106 Weekly Shopper Reach at Quarter End (in millions) 23 20
* Pro forma EBITDA for the twelve months ended June 30, 1998 excludes $3.5 million in expense associated with the shutdown of Mexican operations during the quarter ended December 31, 1997. Comparably, pro forma EBITDA for the twelve months ended June 30, 1997 excludes the effect of $1.4 million in expense ($2.0 million less $0.6 million in depreciation expense) incurred in shutting down the company's electronic coupon clearing operation during the fourth quarter of fiscal year 1997. - 3 - -----END PRIVACY-ENHANCED MESSAGE-----