CoStar's earnings hit the roof in '04.CoStar Group CoStar Group, Inc. (NASDAQ: CSGP) is a leading provider of information services to commercial real estate professionals in the United States and the United Kingdom. CoStar's suite of services offers customers access via the Internet to the most comprehensive database of , Inc. announced that its earnings increased significantly in the fourth quarter of 2004. CoStar's EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become (earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
Income not necessarily calculated in accordance with generally accepted accounting principles. For example, a company might report pro forma earnings that exclude depreciation expense and nonrecurring expenses such as restructuring costs. improved by 53.4% to $4.3 million or $0.23 per share for the fourth quarter of 2004, compared to $2.8 million or $0.16 per share for the same quarter in 2003. For the quarter ended December 31, 2004, net income increased to $19.4 million or $1.03 per share, compared to net income of $ million or $0.06 per share for the fourth quarter of 2003. "Outstanding retention in our sales force and the success of our new outbound sales group contributed to our strong performance in the fourth quarter of 2004," said CoStar Group president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Andrew C. Florance. "A restructuring of our sales commission plans has reduced our sales force turnover by more than 50% in 2004." For the year ended December 31, 2004, EBITDA increased 50.0% to $19.8 million, compared to EBITDA of $13.2 million in 2003. |
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