earnings
confidence high
sentiment positive
materiality 0.80
EVERTEC Q3 revenue $211.8M (+22%), GAAP net income up 146%; acquires Grandata
EVERTEC, Inc.
2024-Q3 EPS reported
$1.11
revenue$629,091,000
- Revenue $211.8M (+22% YoY); GAAP net income $24.7M (+146%); adjusted EPS $0.86 (+8%).
- Adjusted EBITDA $87.4M (+11%), margin 41.3% (down 420bps due to Sinqia).
- Closed acquisition of Grandata (Mexican data analytics) on Oct 30, 2024; enhances product offering.
- 2024 outlook: revenue $841-847M, adj. EPS $3.08-$3.15; capex ~$85M.
- Share repurchases $12.3M in Q3; $138M remaining under program.