Epicor Software Corporation - Conference Presentation Calls

Epicor Software Corporation announced Sheplers deployed the Epicor Retail Store Point-of-Sale (POS) solution to help streamline operations, bolster competitive advantage and enhance customer service. Epicor Retail Store POS is an .NET-based solution that handles all in-store related functions including returns, tendering, promotions, price lookups, gift cards, merchandise credits, credit and debit card handling, local in-store order and layaway, customer information, cash management, electronic journal, reporting, task management and manager's dashboard. In addition to implementing its best-of-breed POS solution, Epicor is also providing best-in-class customer service via its professional services team. Epicor's retail technology experts provide help desk functionality to keep all POS systems and transactions running smoothly, ensuring Sheplers' customers experience the outstanding service they've grown accustomed to expect.

Epicor Software Corporation reported unaudited consolidated earnings results for the third quarter and first nine months ended September 30, 2009. The company reported that total revenue for the 2009 third quarter was $98.6 million, with GAAP net income of $0.4 million or $0.01 per basic and diluted share. This compares to 2008 third quarter revenue of $135.8 million and GAAP net income of $2.7 million or $0.05 per basic and diluted share. Income from operations for the period was $4.59 million and loss before income taxes was $1.81 million compared to income from operations of $10.41 million and income before income taxes was $3.37 million for the same period previous year. Non-GAAP net income for the 2009 third quarter was $7.8 million or $0.13 per diluted share compared to non-GAAP net income of $11.4 million or $0.19 per diluted share in the 2008 third quarter. Non-GAAP income before income taxes for the period was $12.27 million compared to $18.13 million for the same period previous year. Adjusted EBITDA for the period was $14.54 million compared to $23.74 million for the same period previous year. Capital expenditures for the period were $0.46 million compared to $2.21 million for the same period previous year. For the nine months, the company reported net loss of $7.95 million or $0.13 per basic and diluted share on total revenue of $297.71 million compared to net loss of $5.0 million or $0.09 per basic and diluted share on total revenue of $365.93 million for the comparable period in 2008. Loss before income taxes for the period was $11.10 million compared to $8.93 million for the same period previous year. Income from operations for the period was $6.40 million compared to $6.90 million for the same period previous year. Adjusted EBITDA for the period was $38.74 million compared to $48.95 million for the same period previous year. Capital expenditures for the period were $2.50 million compared to $7.83 million for the same period previous year. Non-GAAP net income for the period was $19.19 million or $0.32 per diluted share compared to non-GAAP net income of $25.74 million or $0.44 per diluted share for the same period in 2008. Non-GAAP income before income taxes for the period was $30.11 million compared to $40.25 million for the same period previous year. The company provided earnings guidance for the fourth quarter of 2009. Due to the uncertainty and limited visibility in the global economy, IT spending and exchange rate fluctuations, the company will continue to provide forward looking guidance one quarter at a time. For the fourth quarter of 2009, total revenue is expected to be $104 to $106 million with non-GAAP earnings per diluted share3 for the 2009 fourth quarter expected to be $0.13 to $0.15. The company's 2009 fourth quarter non-GAAP earnings per diluted share guidance excludes current expectations for fourth quarter amortization of intangible assets of approximately $7.1 million, fourth quarter stock-based compensation expense of approximately $1.8 million and approximately $2.0 million in non-cash interest expense for the fourth quarter related to amortization of debt discount.