IDT Co.

IDT said its higher-margin units National Retail Solutions, BOSS Money and net2phone now account for about one-third of revenue and two-thirds of gross profit, with those segments posting 17% revenue growth year over year. net2phone reached profitability with a record 17% adjusted EBITDA margin and subscription revenue up 12% sequentially, but IDT will postpone a spin-off until the business achieves greater scale and capital markets are more favorable. Consolidated results showed 5% revenue growth, consolidated adjusted EBITDA rose 13% to $37.5 million, and the company finished the quarter with $251 million in cash and no debt. » More on finance.yahoo.com

IDT highlighted stronger margins, a debt-free balance sheet and growing growth divisions at the Midwest IDEAS Conference. The three margin-rich units—National Retail Solutions, BOSS Money and net2phone—account for about one third of revenue but two thirds of gross profit and lifted the adjusted EBITDA margin to a record 11.9%. IDT reports last 12 months' revenue of $1.3 billion, adjusted EBITDA of $147 million, $251 million in cash and no debt; $26 million was recently returned to shareholders via buybacks and dividends. Spin-offs are mentioned as an option but will only be considered once there is greater scale and favorable capital market conditions. » More on de.investing.com

IDT shares rose to a new 52-week high of $69.22 after year-to-date gains of about 34% and a 35% return over the past six months. In the third fiscal quarter, earnings per share were $0.94 (estimate $0.92) and revenue was $315.7 million (estimate $303 million). The revolving credit facility for IDT Telecom was increased to $50 million in certain months and extended through July 15, 2029; additional subsidiaries were added as guarantors. » More on de.investing.com