EVERTEC Q1 revenue up 28% to $205.3M; GAAP net income down 47%

EVERTEC, Inc.

2024-Q1 EPS reported $0.24 revenue$205,318,000

Revenue $205.3M (+28% YoY) driven by Sinqia acquisition and organic growth across segments.
GAAP net income $16.0M ($0.24 diluted EPS), down 47% from prior year on higher interest and D&A.
Adjusted EPS $0.72 (+4% YoY); Adjusted EBITDA $78.2M (+16%); margin 38.1% (-390bps).
Entered $70M accelerated share repurchase agreement, expected to complete in Q3 2024.
2024 outlook: revenue $846-854M (22-23% growth); adjusted EPS $2.85-2.94.

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 first quarter ended March 31, 2024 results: revenue $205.3 million, net income $16.0 million, EPS $0.24 per diluted share. Guidance reaffirmed.

Period: the first quarter ended March 31, 2024
Revenue: $205.3 million
Net income: $16.0 million
EPS: $0.24 per diluted share
Guidance: reaffirmed
Result: preliminary results

Exact text from the filing

EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights • Revenue increased 28% to $205.3 million • GAAP Net Income attributable to common shareholders decreased 47% to $16.0 million and decreased 48% to $0.24 per diluted share • Adjusted EBITDA increased 16% to $78.2 million

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Source: SEC EDGAR

accession 0001559865-24-000024

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