secwatch.observer — SEC 8-K summary
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Issuer:     EVERTEC, Inc. (EVTC)
CIK:        0001559865
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001559865-23-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1559865/000155986523000041/0001559865-23-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1559865/000155986523000041/evtc-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001559865-23-000041

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