secwatch.observer — SEC 8-K summary
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Issuer:     EVERTEC, Inc. (EVTC)
CIK:        0001559865
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001559865-22-000042
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1559865/000155986522000042/0001559865-22-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1559865/000155986522000042/evtc-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001559865-22-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer