July 26, 2016 / 10:27 PM / in a year

BRIEF-DH Corp Q2 adjusted earnings per share C$0.55

July 26 (Reuters) - DH Corp

* D+H announces second quarter 2016 earnings and realignment of global operations

* Q2 earnings per share C$0.05

* Q2 revenue C$424 million versus I/B/E/S view C$421.6 million

* Q2 earnings per share view c$0.52 -- Thomson Reuters I/B/E/S

* Q2 adjusted earnings per share C$0.55

* Company has realigned organization, in which expected gross savings of approximately $53 million are offset by investments in new positions

* Says net savings are expected starting in middle of Q3

* Restructuring-Related expenses are estimated to be between $30 million and $32 million, and will be recognized primarily in 2016

* During 2016 company expects to achieve net savings of approximately $19 million of which 30% has been realized through end of Q2

* Says will begin reporting under new business segments commencing in Q1 of 2017

* “In U.S and Canada, while economic outlook is mixed, we see no new changes that impact our current business in these markets” in 2H

* Says estimated net savings of $25 million in annualized compensation and related cost savings from realignment

* Says restructuring-related expenses totaling $22.0 million and $28.8 million have been recorded in Q2 and year-to-date in 2016

* Says will continue to manage and report financial results for GTBS, L&IC and Canada through end of 2016

* Sets quarterly dividend of $0.32 per share Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +1 646 223 8780)

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