earnings
confidence high
sentiment negative
materiality 0.70
Western Union preliminary Q3 EPS $0.45, revenue down 15% YoY; reaffirms 2022 outlook
Western Union CO
2022-Q3 EPS reported
$1.70
revenue$3,383,600,000
- Expected Q3 GAAP EPS $0.45, adjusted EPS $0.42; revenue ~$1.1B (-15% reported, -6% constant currency excl. Business Solutions).
- Reaffirmed full-year 2022 outlook: GAAP EPS $2.18-$2.28, adjusted $1.75-$1.85; operating margin 20%-21%.
- Business Solutions divestiture continues; second closing (UK) expected Dec 1, 2022 with ~$93M pre-tax gain; third closing (EU) in Q1 2023.
- Russia/Belarus suspension negatively impacted revenue by ~3pp; Argentina inflation benefited by ~1pp.