earnings
confidence high
sentiment positive
materiality 0.75
ACI Worldwide Q3 revenue up 24% to $452M, net income +115%; raises FY2024 guidance
ACI WORLDWIDE, INC.
2024-Q3 EPS reported
$0.98
revenue$1,141,250,000
- Revenue $452M (+24% YoY); net income $81M (+115%); adjusted EBITDA $167M (+61%).
- Bank segment revenue +43%, Merchant +38%, Biller +5% (Biller EBITDA -21% on non-recurring items).
- Guides FY2024 revenue $1.567-1.601B (prev. $1.557-1.591B); adj. EBITDA $433-448M (prev. $423-438M).
- Reduced long-term net debt leverage target from 2.5x to 2.0x; current leverage 1.6x with $650M liquidity.
- Repurchased ~200k shares for $8M in Q3; YTD 4M shares for $128M; $372M remains on authorization.