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Stock impact report

EVERTEC Reports First Quarter 2024 Results

Evertec, Inc. (EVTC) 
Last evertec, inc. earnings: 2/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.evertecinc.com
Company Research Source: Business Wire
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced results for the first quarter ended March 31, 2024.First Quarter 2024 HighlightsRevenue increased 28% to $205.3 millionGAAP Net Income attributable to common shareholders decreased 47% to $16.0 million and decreased 48% to $0.24 per diluted shareAdjusted EBITDA increased 16% to $78.2 million and Adjusted earnings per common share increased 4% to $0.72Entered into an accelerated share repurchase (ASR) agreement for $70 million which is expected to be completed in the third quarter of 2024Mac Schuessler, President and Chief Executive Officer stated, “We are pleased with our first quarter results that reflect the strength of our business in Puerto Rico while we continue to successfully expand in Latin America."First Quarter 2024 ResultsRevenue. Total revenue for the quarter ended March 31, 2024 was $205.3 million, an increase of 28% compared with $159.8 million Show less Read more
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