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Home > Fortune 500 Companies > H & R Block
H & R Block
H & R Block is a publicly traded company having a good stock performance result. Block (h&r) is a fortune 500 stock listed company trading under HRB.The headquarters of the company are in Kansas City, Mo. H&R Block markets its services and products under 3 leading brands, H&R Block, Option One and RSM McGladrey. The company boasts more than 21 million tax customers and is the leading tax return preparer in the US; it also prepares tax returns in Canada, Australia, and the UKRecently the company reported that revenues rose 12 percent in its fiscal third quarter to 1.2 billion from 1.0 billion dollars in the prior-year period. Slightly lower revenues in Mortgage Services were offset by higher revenues in all other segments of the company's operations. The net earnings were 28.8 million dollars. The quarterly results include an after-tax charge of 31.7 million dollars. For the third quarter of 2005, net earnings were 92.3 million dollars. The company has updated its fiscal 2006 earnings guidance to a range of 1.65 to 1.85 dollars per share, down from its previous range of 1.90 to 2.15 dollars per share. The new range reflects results to date for fiscal 2006 and excludes the litigation and any special charges. Third quarter fiscal 2006 revenues increased 3 percent to 548.5 million from 531.1 million dollars in the prior-year period. Both years include expenses for expanding the capacity and size of the H&R Block retail network. Just over 1,000 new U.S. retail locations have opened for this tax season, consisting of approximately 750 company-owned regular and shared office locations, and 250 franchises regular and shared office locations. The company is a leading provider of tax, financial, mortgage, accounting and business consulting services and products. H&R Block is the world's largest tax services provider, having prepared more than 400 million tax returns since 1955. The company and its subsidiaries generated revenues in fiscal year 2005 from operations in 4 principle business segments: tax preparation and advice via in-office, online and software solutions; investment and financial advisory services; retail and wholesale mortgage services; and tax/accounting/business consulting services for mid-sized businesses.
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