EVERTEC Q3 adjusted EPS $0.40 (-35% YoY); FY22 adjusted EPS guidance cut to $2.36-$2.47

EVERTEC, Inc.

2022-Q3 EPS reported $2.98 revenue$456,622,000

Revenue flat at $145.8M; GAAP net income $137.8M includes $135.6M gain from Popular Transaction.
Adjusted EBITDA fell 25% to $52.4M; margin down 12 pp to 35.9% due to FX remeasurement and higher costs.
Adjusted EPS $0.40 vs $0.62 prior year; excluding FX remeasurement would have been $0.53 (-15%).
FY22 adjusted EPS guidance lowered to $2.36-$2.47 (prior $2.74); effective tax rate raised to 17-18%.
Repurchased 1.19M shares for $37.3M; $102M remaining under buyback program.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

EVERTEC, Inc. reported the third quarter ended September 30, 2022 results: revenue $145.8 million, net income $137.8 million, EPS $2.06 per diluted share.

Period: the third quarter ended September 30, 2022
Revenue: $145.8 million
Net income: $137.8 million
EPS: $2.06 per diluted share
Result: preliminary results

Exact text from the filing

Revenue remained relatively flat at $145.8 million • GAAP Net Income attributable to common shareholders was $137.8 million or $2.06 per diluted share

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Source: SEC EDGAR

accession 0001559865-22-000042

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