EVERTEC Q3 revenue up 19% to $173.2M; raises full-year guidance

EVERTEC, Inc.

2023-Q3 EPS reported $1.04 revenue$500,088,000

GAAP net income $10.0M ($0.15 diluted EPS) down 93% due to prior-year Popular gain and current FX swap loss.
Adjusted EBITDA rose 31% to $78.7M (45.4% margin); adjusted EPS $0.80, up 51% YoY.
Revenue growth driven by merchant acquiring, payment processing (including $6.3M Getnet Chile catch-up), and business solutions.
2023 guidance raised: revenue now $663-667M (7-8% growth); adjusted EPS $2.81-$2.86 (11-13% growth).
Acquired 4.8M shares of Sinqia for $26.5M; entered FX swap to fix purchase price; expects deal close in Q4.

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 0.95

EVERTEC, Inc. reported third quarter ended September 30, 2023 results: revenue $173.2 million, net income $10.0 million, EPS $0.15 per diluted share. Guidance raised.

Period: third quarter ended September 30, 2023
Revenue: $173.2 million
Net income: $10.0 million
EPS: $0.15 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced results for the third quarter ended September 30, 2023. Third Quarter 2023 Highlights • Revenue increased 19% to $173.2 million • GAAP Net Income attributable to common shareholders decreased 93% to $10.0 million and decreased 93% to $0.15 per diluted share, as the prior year included the gain from the

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Source: SEC EDGAR

accession 0001559865-23-000041

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