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LINCOLN, Neb., Nov. 4, 2014 (GLOBE NEWSWIRE) -- National Research Corporation (Nasdaq:NRCIA) (Nasdaq:NRCIB) today announced results for the third quarter of 2014.

Remarking on Company performance, Michael D. Hays, chief executive officer of National Research said, "Net new sales continue to register impressive gains across the product portfolio. Of particular note is our Market Insights product, which achieved a 48% year-to-date sales growth driven by the growing importance of branding."

Revenue for the quarter ended September 30, 2014, was $23.7 million, compared to $22.4 million for the same quarter in 2013. Net income for the quarter ended September 30, 2014, was $4.6 million, compared to $3.8 million for the quarter ended September 30, 2013. Diluted earnings per share increased to $0.11 for Class A shares and $0.64 for Class B shares for the quarter ended September 30, 2014, from diluted earnings per share of $0.09 for Class A shares and $0.54 for Class B shares for the quarter ended September 30, 2013. Combined diluted earnings per share (a non-GAAP measure) increased to $0.19 for the quarter ended September 30, 2014, from $0.15 for the third quarter of 2013.

Regarding third quarter performance, Kevin Karas, chief financial officer of National Research said, "The record net new sales performance positions the company to generate increased organic revenue growth rates into the fourth quarter of this year and the year 2015. From an earnings standpoint, we continue to enjoy leverage on incremental revenue which resulted in net income growth of 19% for the quarter."

In October, National Research made investments in two strategic technologies to advance the company's commitment to empowering consumer-centric healthcare across the continuum.  The first, an asset purchase, creates a Center of Excellence in Atlanta, Georgia, responsible for developing novel solutions to enhance consumer decision-making in the selection of healthcare providers.  The second, a seed investment, creates an option for a later acquisition of a partner company that has developed a talent-matching solution to accelerate the formation of high-performing teams.  Both solutions will be launched to market in 2015.

A listen-only simulcast of the National Research 2014 third quarter conference call will be available online at http://www.media-server.com/m/p/boqud8ua on November 5, 2014, beginning at 11:00 a.m. Eastern time. The online replay will follow approximately one hour later and continue for 30 days.

For more than 33 years, National Research Corporation has been at the forefront of patient-centered care, helping healthcare providers measure and improve quality and services through analytics that offer a rich understanding of customers' experiences, preferences, risks and behaviors across the healthcare continuum.

The information discussed within this release includes financial results and projections that are in accordance with accounting principles generally accepted in the United States (GAAP). In addition, certain non-GAAP financial measures have been provided that calculate combined earnings per share based on combined Class A and Class B shares and share equivalents outstanding, respectively. The non-GAAP measures should be read in conjunction with the corresponding GAAP measures and should be considered in addition to, and not as an alternative or substitute for, the measures prepared in accordance with GAAP. Please note that the Company's non-GAAP measures may be different than those used by other companies. The additional non-GAAP financial information the Company presents should be considered in conjunction with, and not as a substitute for, the Company's financial information presented in accordance with GAAP. The non-GAAP financial measures are provided in an effort to provide information that investors may deem relevant to evaluate results from the company's core business operations and to compare the company's performance with prior periods. The company uses both GAAP and these non-GAAP financial measures for evaluating comparable financial performance against prior periods. 

This press release includes "forward-looking" statements related to the Company that can generally be identified as describing the Company's future plans, objectives or goals. Such forward-looking statements are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For further information about the factors that could affect the Company's future results, please see the Company's filings with the Securities and Exchange Commission.