Fortegra Financial Corp (FRF) [Rocket]

Overview

Fortegra Financial Corp (FRF)

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Recent News + Filings (All items)

Date Filed	Type	Description
02/04/2015	SC 13G/A	SUMMIT PARTNERS L P reports a 0% stake in Fortegra Financial Corporation
12/04/2014	4	Form 4 - Statement of changes in beneficial ownership of securities
12/04/2014	4	Summit Partners Private Equity Fund VII-A, L.P. (10% Owner) has filed a Form 4 on Fortegra Financial Corp
12/04/2014	4	Carroll John R (Director) has filed a Form 4 on Fortegra Financial Corp
12/04/2014	4	Romaine Christopher D (SVP, Gen. Counsel, Secretary) has filed a Form 4 on Fortegra Financial Corp
12/04/2014	4	McCaw Joseph R. (EVP, Pres. Payment Protection) has filed a Form 4 on Fortegra Financial Corp
12/04/2014	4	Mascherin Walter P. (EVP, CFO) has filed a Form 4 on Fortegra Financial Corp

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10	Dec-31-09	Dec-31-08
Revenues	347.9	256.3	247.2	226.4	186.1	167.1
Revenue growth	35.7%	3.7%	9.2%	21.6%	11.4%
Cost of goods sold	88.4	50.3	45.8	203.0	40.4	142.2
Gross profit	259.5	206.0	201.4	23.4	145.7	24.9
Gross margin	74.6%	80.4%	81.5%	10.3%	78.3%	14.9%
Selling, general and administrative						0.5
Sales and marketing	154.6	128.7	126.9	92.6	70.4
EBITA	24.6	26.8	20.8	34.4	28.6	12.2
EBITA margin	7.1%	10.4%	8.4%	15.2%	15.4%	7.3%
Amortization of intangibles	5.5	2.7	2.8	3.2	2.7
EBIT	19.0	24.0	18.0	31.2	25.9	12.2
EBIT margin	5.5%	9.4%	7.3%	13.8%	13.9%	7.3%
Pre-tax income	17.5	19.7	17.5	23.4	18.1	12.2
Income taxes	14.0	8.3	7.1	8.2	6.6	4.2
Tax rate	80.2%	42.2%	40.8%	34.9%	36.1%	34.6%
Earnings from continuing ops	10.3	12.9	11.7	15.2	11.6	8.0
Earnings from discontinued ops	12.4	2.3	1.8
Net income	22.7	15.2	13.5	15.2	11.6	8.0
Net margin	6.5%	5.9%	5.5%	6.7%	6.2%	4.8%

Diluted EPS	$0.50	$0.63	$0.55	$0.88	$0.69	$0.52
Shares outstanding (diluted)	20.5	20.6	21.3	17.3	16.6	15.5

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.