earnings
confidence high
sentiment positive
materiality 0.70
EVERTEC Q2 revenue +27% to $212M; adj. EPS $0.83 beats guidance
EVERTEC, Inc.
2024-Q2 EPS reported
$0.73
revenue$417,296,000
- GAAP net income $31.9M ($0.49 diluted EPS) vs. $28.2M in prior-year quarter.
- Adjusted EBITDA $86.1M (+16% YoY); margin 40.6%, down ~400 bps on Sinqia mix.
- FY 2024 revenue outlook raised to $846M-$854M (~22-23% growth); adj. EPS $2.98-$3.07.
- Completed accelerated share repurchase on July 9, retiring total ~1.98M shares.
- Latin America revenue boosted by Sinqia acquisition; Puerto Rico segments showed organic growth.