Earnings release
Page 1
TM THE FUTURE IS YOURS TO SEE . TMX Group Limited Reports Results for Fourth Quarter and Full Year 2020 • Revenue of $ 219.5 million , up 8 % from $ 202.8 million in Q4 / 19 Diluted earnings per share of $ 1.26 , up 50 % from $ 0.84 in Q4 / 19 , which included a non - cash impairment charge of 32 cents per share • Adjusted diluted earnings per share of $ 1.43 , up 9 % over $ 1.31 in Q4 / 19 • Cash flows from operating activities of $ 99.3 million , up 19 % from $ 83.1 million in Q4 / 19 February 8 , 2021 ( TORONTO ) – TMX Group Limited [ TSX : X ] ( “ TMX Group " ) today announced results for the full year and fourth quarter ended December 31 , 2020 . Commenting on 2020 and the company's outlook , John McKenzie , Chief Executive Officer of TMX Group , said : " TMX's positive performance in 2020 highlights the value of our diversified business model , as increased revenue from Equities and Fixed Income Trading , Trayport , and Capital Formation activity on TSX and TSXV , generated overall revenue and earnings per share growth compared with 2019. TMX's 2020 results also serve as strong affirmation of the vitality of Canada's capital markets ecosystem and the crucial role that healthy , vibrant public markets play in fuelling a resilient and competitive world - class economy . While significant challenges remain on the near - term horizon across all industries and in our business environment due to the COVID - 19 pandemic , we move along into 2021 clear in purpose as we work to advance our global growth strategy and build Canada's markets stronger for all of our stakeholders into the future . " Commenting on performance in the fourth quarter of 2020 , Frank Di Liso , interim Chief Financial Officer of TMX Group , said : ' We were very pleased to deliver strong financial results this past quarter with revenue growth of 8 % , growth in diluted EPS of 50 % and an increase of 9 % in adjusted diluted EPS compared with the fourth quarter of 2019. Drawing on the balanced strength of our complementary set of assets , we reported solid growth in our business driven , in part , by more favourable market conditions for capital raising and continued strength in our equities trading and Trayport businesses . Within the derivatives segment , we saw a strong rebound in both volumes and revenue from the third to fourth quarter . "