National & World Ag News Headlines ICE Reports Record First Quarter Income Earnings USAgNet - 05/03/2012 IntercontinentalExchange, Inc., a leading operator of regulated global exchanges, clearing houses and over-the-counter markets, reported financial results for the first quarter of 2012. Consolidated revenues were a record $365 million, up 9% from the first quarter of 2011. Consolidated net income attributable to ICE was a record $148 million, up 15% from the first quarter of 2011, and diluted earnings per share (EPS) increased 16% to a record $2.02. Operating income grew 11% from the prior first quarter to a record $225 million and cash flow from operations increased 19% to $186 million. "Our results continue to reflect the role that ICE's markets and clearing houses play in enabling companies to manage risks in a dynamic economic and regulatory environment," said ICE Chairman and CEO Jeffrey Sprecher. "Our markets are increasingly relevant around the world and continue to attract new participants globally. At the same time, we remain focused on innovation by delivering new products that anticipate and respond to customer demand." First quarter 2012 consolidated revenues grew 9% from the prior first quarter to $365 million and consolidated transaction and clearing revenues increased 8% to $322 million. The increase in transaction and clearing revenues was driven primarily by trading volume growth in ICE's energy OTC markets. Transaction and clearing revenues in ICE's futures segment totaled $160 million in the first quarter of 2012, up 1% from the same period of 2011. Average daily commissions for ICE's OTC energy business were a record $1.95 million in the first quarter of 2012, an increase of 20% from the first quarter of 2011. Send this article to a friend Other National Headlines Senate Farm Bill Floor Action Starts Monday Quarterly Midwest Farmland Values Up 15 Percent Research Finds Residual Two-Pass Beneficial in GT Corn USDA Estimates Global Wheat Production to Reach New Record North & South American Corn Growers Form Alliance NDFB Takes Issue with AFBF Crop Insurance Agreement USDA Seeks Apps for Technical Assistance to Rural Businesses Copyright © 2013 - USAgNet.com. All Rights Reserved.