CBOT Holdings, Inc. announced that first quarter 2006 revenue rose 23% to $143.6 million compared with $116.5 million in the 2005 first quarter.
Net income in the 2006 first quarter increased $14.3 million to $35.1 million, up 69% compared with $20.8 million in the first quarter of 2005. First quarter 2006 earnings per diluted share were $0.66.
First quarter exchange and clearing revenue was $106.4 million, up 21% from $87.8 million in the 2005 first quarter. Market data revenue grew 28% to $23.6 million in the 2006 first quarter, up from $18.5 million in the 2005 first quarter. First quarter operating income was $58.5 million, up 63% from $36.0 million in the same period during the prior year.
CBOT Holdings President and CEO Bernard W. Dan said, “Each product group contributed to the successful financial results this quarter and the Interest Rate, Agriculture, and Metals product groups all reached average daily volume records. The expansion of our operating margin to 41% from 31% in the comparable quarter last year highlights the effectiveness of our overall business model and strategy. Over the past twelve months we added to our growth opportunities with expanded products, partnerships and distribution capabilities and at the same time controlled costs and significantly expanded our profitability.”