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SHELTON, CT -- Clayton Holdings, a provider of analytics, consulting and outsourced services for capital market firms, lenders, loan servicers and investors, said net income totaled $7.9 million on record revenue of $239.2 million for the full year of 2006. The net income figure was an increase of 58% from the 2005 level. Net revenue was up 15.3%.
The company said its gross profit, at $84.3 million, was up 17% from one year earlier. However, diluted earnings per share came in at $0.41, unchanged from a year earlier.
Frank Filipps, chairman and CEO of Clayton, touted the company's fourth-quarter results, saying that Clayton ended its first year as a public company "on a strong note.
"For the quarter and the full year, Clayton registered significant growth in revenues and profits and improvements in margins. This was a year when total originations declined by 14% and MBS issuance declined by 4%," he noted in the company's earnings release.
He said the company migrated its due-diligence business to its centralized underwriting platform during the year.
"Our results also benefited from the excellent growth in our non-due-diligence businesses - surveillance, ...