D&B Receivable Management Services Reports Strong Revenue Results; Collection Trends Stabilize After September 11, Expansion Plans Moving Forward.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 25, 2001 Dun & Bradstreet Receivable Management Services (D&B RMS) reports revenue and earnings growth were strong in the quarter ending September 30, 2001. Revenue increased by 30% and 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.
In addition, collection trends are essentially returning to levels seen prior to the September 11 attacks September 11 attacks Series of airline hijackings and suicide bombings against U.S. targets perpetrated by 19 militants associated with the Islamic extremist group al-Qaeda. . "In the days following September 11 there was an impact on revenue from the interruption of postal and express deliveries, and a suspension of call activity into areas closest to the tragedies," said David Huebner, 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. of Dun & Bradstreet Receivable Management Services. "Even with this situation, the month of September and the quarter ending September 30 both exhibited significant growth over prior year. Trends in October are also strong." D&B RMS, as a result of its growth, is continuing plans to invest and expand its business. This includes capacity expansion with a new call center in Tucson, Arizona Tucson (pronounced /ˈtusɑn/, Spanish: Tucsón [tuk'son] , and a significant investment in web-enabling technology. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Forrest Old, executive vice president, D&B RMS, "D&B RMS provides accelerated cash flow to companies. Our two core businesses of providing pre-charge off receivable outsourcing and debt collection are vital to a customer's financial position." Old said that the outsourcing and debt collection businesses exhibited significant growth in the third quarter. D&B Receivable Management Services Dun & Bradstreet Receivable Management Services, headquartered in Bethlehem, Pennsylvania Bethlehem is a city in Lehigh and Northampton Counties in the Lehigh Valley region of eastern Pennsylvania, in the United States. As of the 2000 census, the city had a total population of 71,329, making it the eighth largest municipality in Pennsylvania. with operations in the United States, Canada and Hong Kong, is a leading global supplier of receivable management services. D&B RMS provides customers a continuum of services from electronic bill presentment through outsourcing, traditional collections, bankruptcy services, and deductions management. The company operates under a strategic alliance with Dun & Bradstreet. For more information about Dun & Bradstreet Receivable Management Services, visit www.dbrms.com. |
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