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Stock impact report

EVERTEC Reports First Quarter 2024 Results [Yahoo! Finance]

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: Yahoo! Finance
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 and Adjusted earnings per common share increased 4% to $0.72 Entered into an accelerated share repurchase (ASR) agreement for $70 million which is expected to be completed in the third quarter of 2024 Mac 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 Results Revenue. Total revenue for the quarter ended March 31, 2024 was $205.3 million, an increase of 28% compared with $159.8 million in the prior year quarter, reflecting the contribution from the Sinqia acquisition and organic growth across all of the Company's segments. Strong sales volu Show less Read more
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