Articles From: Student Transportation Announces Renewal of Normal Course Issuer Bid to Synthesis Energy Systems' President and CEO to Present at the 2014 Gasification Technologies Conference


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- Record quarterly revenues increase 14% to $31.9 million, exceeding the top end of guidance - GAAP EPS of $0.15, including the impact of a non-cash deferred tax asset adjustment that reduced earnings by $0.05 - Raising 2014 revenue guidance to a range of $125 million to $126 million, representing growth of 14% at new midpoint - Revising 2014 GAAP EPS guidance to a range of $0.65-$0.67, reflecting the Q3 non-cash tax adjustment and elevated legal expenses MINNEAPOLIS, Oct.
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Executive Snapshot: Continued strong financial results: Year-to-Date 2014 compared to the same period in 2013: Net income up 14.9% Diluted EPS up 14.2% Return on average assets (ROA) rose 9 basis points to 0.98% Return on average equity (ROE) rose 90 basis points to 11.84% Improvement in the efficiency ratio from 52.99% in 2013 to 52.35% in 2014   Third quarter 2014 compared to third quarter 2013: Net income up 4.5% Diluted EPS up 3.7% Return on average assets (ROA) up an additional basis point to 0.92% Asset quality improvement: Virtually every measure of asset quality improved during the third quarter Nonperforming assets (NPAs) fell $8.0 million or 16% to $43.6 million at September 30, 2014 compared to $51.6 million at September 30, 2013 NPAs to total assets improved from 1.16% to 0.95% over
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Articles From: Student Transportation Announces Renewal of Normal Course Issuer Bid to Synthesis Energy Systems' President and CEO to Present at the 2014 Gasification Technologies Conference
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