EVERTEC Q2 revenue up 4% to $167.1M; raises FY2023 guidance

EVERTEC, Inc.

2023-Q2 EPS reported $0.89 revenue$326,890,000

GAAP net income $28.2M, down 16% YoY; GAAP diluted EPS $0.43 (down 9% YoY).
Adjusted EBITDA $74.5M; adjusted diluted EPS $0.71 (up 6% YoY) on lower share count.
FY2023 revenue guidance raised to $652-658M (prev $644-652M); adj EPS raised to $2.75-2.83.
Q2 share repurchases $9.5M; Board increased authorization to $150M, extended to Dec 2024.
Merchant acquiring growth driven by pricing initiatives and card mix; LATAM payment processing up.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EVERTEC, Inc. reported the second quarter ended June 30, 2023 results: revenue $167.1 million, net income $28.2 million, EPS $0.43 per diluted share. Guidance raised.

Period: the second quarter ended June 30, 2023
Revenue: $167.1 million
Net income: $28.2 million
EPS: $0.43 per diluted share
Guidance: raised
Result: preliminary results

Exact text from the filing

EVERTEC REPORTS SECOND QUARTER 2023 RESULTS Raises annual guidance SAN JUAN, PUERTO RICO - July 26, 2023 - EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights • Revenue increased 4% to $167.1 million • GAAP Net Income attributable to common shareholders decreased 16% to $28.2 million and decreased 9% to $0.43 per diluted share

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Source: SEC EDGAR

accession 0001559865-23-000035

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