EVERTEC Q1 revenue up 6% to $159.8M, raises full-year guidance

EVERTEC, Inc.

2023-Q1 EPS reported $0.46 revenue$159,814,000

GAAP net income $30.1M ($0.46/diluted share), down 23% YoY; adjusted EPS $0.69, up 5%.
Adjusted EBITDA $67.1M, down 8%; margin 42.0%, down 640 bps.
Full-year 2023 revenue guidance raised to $644-652M (from $638-647M); adjusted EPS guidance raised to $2.59-2.68.
Share repurchases totaled $6.3M in Q1; $72M remaining under program.
Revenue growth driven by merchant acquiring and payment processing in Puerto Rico and LATAM.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EVERTEC, Inc. reported the first quarter ended March 31, 2023 results: revenue $159.8 million, net income $30.1 million, EPS $0.46 per diluted share. Guidance raised.

Period: the first quarter ended March 31, 2023
Revenue: $159.8 million
Net income: $30.1 million
EPS: $0.46 per diluted share
Guidance: raised
Result: preliminary results

Exact text from the filing

EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights • Revenue increased 6% to $159.8 million • GAAP Net Income attributable to common shareholders decreased 23% to $30.1 million and decreased 13% to $0.46 per diluted share

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Source: SEC EDGAR

accession 0001559865-23-000021

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