secwatch.observer — SEC 8-K summary
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Issuer:     EVERTEC, Inc. (EVTC)
CIK:        0001559865
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001559865-24-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1559865/000155986524000024/0001559865-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1559865/000155986524000024/evtc-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001559865-24-000024

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